PNC Infratech bags Rs 2,000 crore order, gains 5 per cent

PNC Infratech has received Letter of Award (LoA) from Maharashtra State Road Development Corporation for a contract worth Rs. 1,999.52 crore.

The company has received EPC order for the 54.4 km long 4th package of Nagpur-Mumbai six lane super communication expressway (Maharashtra Samruddhi Mahamarg). The project has been granted a duration of 30 months from the appointed date.

PNC Infratech Limited is an infrastructure construction, development and management company. The company's profile includes the areas of infrastructure projects, including highways, bridges, power transmission lines, airport runways and other infrastructure activities.

On Friday, the shares of PNC Infratech opened at Rs. 175 per share against a previous close of Rs. 159 per share on the BSE. It reached its intraday high at Rs. 175 per share and its intraday low was Rs. 168.50 per share on the BSE.

At 11:31 hours, the share was trading at Rs. 169.80 per share, up by 6.16 per cent. The Indian benchmark indices, BSE Sensex was at 38,588.28 level, down by 0.26 and Nifty50 was at 11,652.35 level, down by 0.21 per cent