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Stock Report
PNC Infratech Limited executes concession agreements for three new HAM projects with National Highways Authority of India
Posted On : 2023-07-19 21:19:56( TIMEZONE : IST )
PNC Infratech Limited has announced the signing of concession agreements between National Highways Authority of India and the Special Purpose Vehicles incorporated by the Company for implementation of the following three Hybrid Annuity Mode (HAM) Highway Projects for an aggregate Bid Project Cost of Rs. 3264.43 crore, on 19th July 2023:
Construction of 6-lane Greenfield Varanasi - Ranchi - Kolkata Highway from junction with Chandauli - Chainpur Road near Khainti village to junction with Bhabhua - Adhaura road near Palka village for 27.0 km length (from km 27+000 to km 54+000) under Bharatmala Pariyojana in the state of Bihar on Hybrid Annuity Mode - Package 2 - Varanasi Kolkata Highway Package 2 Private Limited - Rs. 891.00 crore.
Construction of 6-lane Greenfield Varanasi - Ranchi - Kolkata Highway from junction with Bhabhua - Adhaura Road in Bhairopur village to Konki village for 36.0 km length (from km 54+000 to km 90+000) under Bharatmala Pariyojana in the state of Bihar on Hybrid Annuity Mode - Package 3 - Varanasi Kolkata Highway Package 3 Private Limited - Rs. 1113.43 crore.
Construction of 6-lane Greenfield VaranasiRanchi Kolkata Highway from Pachmon village to Anarbansalea village (from km 116+000 to km 151+200; Length = 35.2 km), under Bharatmala Pariyojana in the state of Bihar on Hybrid Annuity Mode - Package 6 - Varanasi Kolkata Highway Package 6 Private Limited - Rs. 1260.00 crore.
All the above projects are to be constructed in 24 months upon declaration of respective appointed dates and operated for 15 years, post construction.
Shares of PNC Infratech Limited was last trading in BSE at Rs. 343.85 as compared to the previous close of Rs. 340.80. The total number of shares traded during the day was 19840 in over 1075 trades.
The stock hit an intraday high of Rs. 352.95 and intraday low of 342.40. The net turnover during the day was Rs. 6839047.00.
