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PNC Infratech inches up as it secures water supply project in Uttar Pradesh in JV with SPML Infra

08 Sep 2020 Evaluate

PNC Infratech is currently trading at Rs. 162.40, up by 0.40 points or 0.25% from its previous closing of Rs. 162.00 on the BSE.

The scrip opened at Rs. 159.00 and has touched a high and low of Rs. 163.00 and Rs. 159.00 respectively. So far 523 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 214.75 on 17-Feb-2020 and a 52 week low of Rs. 80.85 on 25-Mar-2020.

Last one week high and low of the scrip stood at Rs. 176.95 and Rs. 156.05 respectively. The current market cap of the company is Rs. 4155.93 crore.

The promoters holding in the company stood at 56.07%, while Institutions and Non-Institutions held 30.66% and 13.27% respectively.

PNC Infratech in Joint Venture with SPML Infra has been declared as the L1 (lowest) bidder for ‘Construction of Haraulipur Group of Villages (125 Nos) Water Supply Project comprising surface and ground water supply schemes and allied works including commissioning; operation and maintenance for 10 years in the Hamirpur district of Uttar Pradesh’ for Rs  289.83 crore. The company’s share in the JV is 95%.

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 3955.00
Kalpataru Projects 1433.05
Rail Vikas Nigam 205.35
KEC International 413.35
NCC 143.25
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