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PNC Infratech rises on receiving LoA from NHAI

11 Mar 2020 Evaluate

PNC Infratech is currently trading at Rs. 167.40, up by 0.40 points or 0.24% from its previous closing of Rs. 167.00 on the BSE.

The scrip opened at Rs. 165.75 and has touched a high and low of Rs. 170.60 and Rs. 162.60 respectively. So far 9736 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. 140.00 on 12-Apr-2019.

Last one week high and low of the scrip stood at Rs. 183.15 and Rs. 162.20 respectively. The current market cap of the company is Rs. 4286.77 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 received Letters of Award (LoA) from National Highways Authority of India (NHAI) on March 09, 2020 for the Project of 4 laning of Aligarh- Kanpur Section from Km 356.000 (Design chainage Km. 373.085) to Km.414.000 (Design chainage Km.433.728), Package - V, Mitrasen - Kanpur section of NH- 91 in the state of Uttar Pradesh on Hybrid Annuity Mode under Bharatmala Pariyojana for a Bid Project Cost of Rs 2052.0 crore. Construction of this 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 3871.20
Kalpataru Projects 1400.50
NCC 133.90
Rail Vikas Nigam 207.70
KEC International 396.70
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