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PNC Infratech advances on receiving Bonus Annuity for Raebareli - Jaunpur BOT Project

10 May 2018 Evaluate

PNC Infratech is currently trading at Rs. 172.00, up by 5.80 points or 3.49% from its previous closing of Rs. 166.20 on the BSE.

The scrip opened at Rs. 169.50 and has touched a high and low of Rs. 181.00 and Rs. 169.50 respectively. So far 6,111 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 228.40 on 26-Dec-2017 and a 52 week low of Rs. 130.00 on 12-Sep-2017.

Last one week high and low of the scrip stood at Rs. 181.00 and Rs. 160.00 respectively. The current market cap of the company is Rs. 4,416.00 crore.

The promoters holding in the company stood at 56.07%, while Institutions and Non-Institutions held 27.37% and 16.56% respectively.

PNC Infratech has received Rs 33.73 crore towards the Bonus Annuity by one of its subsidiary companies namely PNC Raebareli Highways (Concessionaire) for early completion of two Laning with Paved Shoulders of 166.440 km long Raebareli to Jaunpur Section of NH-231 Project in the State of Uttar Pradesh under NHDP IV on BOT (Annuity) basis from National Highways Authority of India (NHAI) on May 8, 2018.

The completion certificate for the project has been issued with effect from February 27, 2016, which was 96 days ahead of the Scheduled Completion Date of June 2, 2016.

PNC Infratech is an infrastructure construction, development and management company, with expertise in execution of major infrastructure projects, including highways, bridges, flyovers, airport runways, power transmission lines, development of industrial areas and other infrastructure activities.


Peers
Company Name CMP
Larsen & Toubro 3868.90
Kalpataru Projects 1408.30
NCC 134.00
Rail Vikas Nigam 208.00
KEC International 396.55
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