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PNC Infratech rises on receiving LoI worth Rs 2520 crore

20 Jul 2018 Evaluate

PNC Infratech is currently trading at Rs. 149.05, up by 2.20 points or 1.50% from its previous closing of Rs. 146.85 on the BSE.

The scrip opened at Rs. 146.85 and has touched a high and low of Rs. 151.90 and Rs. 146.05 respectively. So far 2828 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. 158.85 and Rs. 146.00 respectively. The current market cap of the company is Rs. 3835.26 crore.

The promoters holding in the company stood at 56.07%, while Institutions and Non-Institutions held 28.00% and 15.93% respectively.

PNC Infratech has received Letters of Intent (LoI) from Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) on July 19, 2018 for the two contiguous EPC packages of Lucknow - Ghazipur Six Lane Access Controlled Purvanchal Expressway Project in the state of Uttar Pradesh for an aggregate contract value of Rs 2520 crore.

The price bids for the above packages were opened on July 9, 2018, with the company's bids being the lowest (L1). Construction of each package is to be completed in 36 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 3870.95
Kalpataru Projects 1400.50
NCC 133.90
Rail Vikas Nigam 207.60
KEC International 396.00
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