{"id":359713,"date":"2020-06-27T10:51:48","date_gmt":"2020-06-27T05:21:48","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=359713"},"modified":"2020-06-27T10:51:48","modified_gmt":"2020-06-27T05:21:48","slug":"pnc-infratech-jumps-16-on-receipt-of-loa-for-nhai-project","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/pnc-infratech-jumps-16-on-receipt-of-loa-for-nhai-project\/","title":{"rendered":"PNC Infratech jumps 16% on receipt of LoA for NHAI project"},"content":{"rendered":"<p>MUMBAI: Shares of PNC Infratech surged 16.5% on Friday after the company said it has received a Letter of Award (LOA) from National Highway Authority of India for a project worth \u20b91,412 crore.<\/p>\n<p>At 1100 am, the stock traded at \u20b9144.20, up 8.4% from previous close, while the benchmark Sensex was up 0.4% at 34,971.53. The stock has declined over 24.7% since the beginning of the year but is up 78.3% from its March lows.<\/p>\n<p>PNC Infratech has received the LoA from National Highways Authority of India for 53.95 km long four-laning of Meerut &#8211; Nazibabad section of NH-119 (New NH-34) from design chainage Km 11+500 (Meerut) to 39.250 (Behsuma) and from km 79.500 (Bijnor) to 105.700 (Jalalabad), in Uttar Pradesh on hybrid annuity mode under the Bharatmala Pariyojana scheme.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI: Shares of PNC Infratech surged 16.5% on Friday after the company said it has received a Letter of Award (LOA) from National Highway Authority of India for a project worth \u20b91,412 crore. At 1100 am, the stock traded at \u20b9144.20, up 8.4% from previous close, while the benchmark Sensex was up 0.4% at 34,971.53. The stock has declined over 24.7% since the beginning of the year but is up 78.3% from its March lows. PNC Infratech has received the LoA from National Highways Authority of India for 53.95 km long four-laning of Meerut &#8211; Nazibabad section of NH-119 (New [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,189],"tags":[],"class_list":["post-359713","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-roads-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/359713","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=359713"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/359713\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=359713"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=359713"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=359713"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}