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PNC Infratech advances on bagging order worth Rs 639 crore from NHAI

20 Jan 2020 Evaluate

PNC Infratech is currently trading at Rs. 200.10, up by 2.70 points or 1.37% from its previous closing of Rs. 197.40 on the BSE.

The scrip opened at Rs. 204.90 and has touched a high and low of Rs. 204.90 and Rs. 199.60 respectively. So far 6266 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 219.40 on 03-Jul-2019 and a 52 week low of Rs. 126.00 on 28-Feb-2019.

Last one week high and low of the scrip stood at Rs. 204.90 and Rs. 189.30 respectively. The current market cap of the company is Rs. 5064.08 crore.

The promoters holding in the company stood at 56.07%, while Institutions and Non-Institutions held 29.53% and 14.40% respectively.

PNC Infratech has bagged order for Rs 639 crore from National Highways Authority of India (NHAI) for EPC Project. The project is for construction of four laning with paved shoulders from Meerut to after bridge over river Yamuna, Haryana via Shamli from km 0+000 to 88+476 of NH 709A in the State of Uttar Pradesh. The scope includes construction of a major bridge over river Yamuna, 7.6 km long bypass, 19.7 km strengthening and overlay in the remaining length of the project. Construction of this project is to be completed in 24 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 3871.20
Kalpataru Projects 1400.50
NCC 133.90
Rail Vikas Nigam 207.70
KEC International 396.70
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