This civil construction company is declared as L1 bidder for projects worth Rs 1260 crore!

Shares of this company have given about 15 per cent returns in last one year.

On March 14, 2023, the company informed in the exchange filing that PNC Infratech has been declared the L1 bidder for a highway project for construction of 6-lane greenfield Varanasi-Ranchi-Kolkata highway from Pachmon village to Anarbansalea village under Bharatmala Pariyojana in the state of Bihar on hybrid annuity mode’ from NHAI with a Bid project cost of Rs 1260 crore. Project is to be constructed in 24 months and operated for 15 years, post construction. 

PNC Infratech Limited is one of the front-ending infrastructure development, construction and management companies in the country. The company undertakes infrastructure projects, including highways, bridges, flyovers, power transmission lines and towers, airport runways, industrial area development and other infrastructure activities. 

Today, the stock opened at Rs 299.90, with a high and low of Rs 299.90 and Rs 289.00. The stock previously closed at Rs 284.65. The stock is currently trading at Rs 289.85, up by 1.83 per cent.  

In the last six months, the shares of the company have given about 2 per cent returns and in the last 1 year, the stock has given about 15 per cent returns. 

The stock has a 52-week high of Rs 354.55 and a 52-week low of Rs 219.35. The company has a ROCE of 15.3 per cent and an ROE of 16.3 per cent with a market capitalisation of Rs 7434 crore.