PNC Infra rallies 8% on bagging Rs 819 crore highway project
Shares of PNC Infratech rallied 8 per cent to Rs 286.30 on the BSE in Tuesday’s intra-day trade after the company was declared L1 (lowest) bidder for a highway project for Ministry of Road Transport & Highways (MORT&H) with a bid project cost of Rs 819 crore.
The project is for the construction of four-lane highway from 49.155 km to 74.700 km (Singraur Uphar to Baranpur Kadipur Ichauli) of NH-731A with paved shoulders (i/c Ganga Bridge) in Uttar Pradesh on hybrid annuity mode (Package-III).
PNC Infratech is engaged in diversified construction activities such as construction of highways, bridges, flyovers, airport runways and allied activities.
