PNC Infratech receives appointed date for NHAI project worth Rs 1,157 crore

On Wednesday, the shares of PNC Infratech were up by more than 3 per cent after the company announced the declaration of the appointed date for its four-laning project in the state of Karnataka, India.   

The project relates to the four-laning of Challakere-Hiriyur section of NH-150-A, on hybrid annuity model (HAM) under Bharatmala Pariyojana in Karnataka (with effect from January 25, 2021). The communication from National Highways Authority of India (NHAI) was received on February 02, 2021, the company stated in its press release to BSE.   

The bid project cost is Rs 1,157.0 crore while the construction of the project is to be completed in 2 years from the appointed date.  

On Wednesday, the stock of PNC Infratech closed at Rs 224.70 per share, up by 3.50 per cent or 7.60 per share. The 52-week high is recorded at Rs 235.70 while its 52-week low is Rs 80.85 on BSE.