PNC Infratech rises on receiving LoA worth Rs 771.46 crore

PNC Infratech is currently trading at Rs. 291.50, up by 4.25 points or 1.48% from its previous closing of Rs. 287.25 on the BSE.

The scrip opened at Rs. 294.40 and has touched a high and low of Rs. 295.00 and Rs. 291.00 respectively. So far 4594 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 354.55 on 03-Feb-2023 and a 52 week low of Rs. 219.35 on 20-Jun-2022.

Last one week high and low of the scrip stood at Rs. 300.00 and Rs. 281.20 respectively. The current market cap of the company is Rs. 7369.09 crore.

The promoters holding in the company stood at 56.07%, while Institutions and Non-Institutions held 38.90% and 5.03% respectively.

PNC Infratech has received Letter of Acceptance (LoA) worth Rs 771.46 crore from Haryana Rail lnfrastructure Development Corporation on April 2023 for the project of Design and Construction of Civil Works (Earthwork, Bridges, Station Buildings, Retaining Walls and other miscellaneous Works) from km 29.68 to 49.70 and from km 55.60 to 61.50 and its connectivity to lndian Railways network from New Patli to Patli Station & New Patli to Sultanpur Station including modifications/ civil works at Sultanpur Station in connection with laying of New BG Double Railway Line of HORC Project, in Haryana. 

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.