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PNC Infratech surges on emerging lowest bidder for project worth Rs 2,099.52 crore

01 Jun 2018 Evaluate

PNC Infratech is currently trading at Rs. 180.15, up by 3.25 points or 1.61% from its previous closing of Rs. 176.90 on the BSE.

The scrip opened at Rs. 178.70 and has touched a high and low of Rs. 182.00 and Rs. 178.60 respectively. So far 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. 184.50 and Rs. 168.30 respectively. The current market cap of the company is Rs. 4538.18 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 been declared the L1 (lowest) bidder for the 54.4 km long 4th Package of Nagpur-Mumbai Six Lane Access Controlled Super Communication Expressway (Maharashtra Samruddhi Mahamarg) from Km 162.667 to Km 217.023, village Donad Bk to village Januana Kh section in Washim District on EPC basis for a quoted price of Rs 2099.52 crore.

Maharashtra State Road Development Corporation (MSRDC) is the proponent for this 700.0 km long Green Field Expressway Project comprising 16 individual packages. The construction of the project is to be completed in 30 months.

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 3869.40
Kalpataru Projects 1408.30
NCC 133.90
Rail Vikas Nigam 208.05
KEC International 396.55
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