Small-Cap Infrastructure Company Bags Rs 4,630 Crore EPC Contract from MSRDC; Stock Rallies Over 5 Per cent in Morning Session
The company’s shares have delivered an impressive return of around 30 per cent to its shareholders in the past 1 year only.
The Small-Cap infra company has received Letters of Acceptance from the Maharashtra State Road Development Corporation (MSRDC) for 2 Engineering, Procurement, and Construction (EPC) road projects.
- The first project involves the construction of an access-controlled Pune Ring Road in the Pune District, specifically from Indori (Km 12+500) to Chimbali (Km 26+300), covering a total length of 13.800 kilometers in the Mawal and Khed areas of Maharashtra. This project, awarded on an EPC basis, is a domestic contract and is expected to be completed within 30 months.
- The second project pertains to constructing an access-controlled expressway connector to the Hindu Hrudaysamrat Balasaheb Thackeray Maharashtra Samruddhi Mahamarg, covering the stretch from Jalna to Nanded. The work involves the section from Km 98+945 (Kumbhari, Tq. Jintur) to Km 127+840 (Katneshwar, Tq. Purna) in Parbhani District, Maharashtra, covering a total length of 28.895 kilometers. This is also a domestic EPC contract, with a completion timeline of 30 months.
PNC Infratech originally incorporated as PNC Construction Company Private Limited on August 9, 1999, was converted into a limited company in 2001 and rebranded as PNC Infratech Limited in 2007. As a leading player in infrastructure development, construction, and management, the company undertakes various projects, including highways, bridges, flyovers, power transmission lines and towers, airport runways, and industrial area development.
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Today, the shares of PNC Infratech opened the day at around Rs 469.70 per share on the BSE which is over a 5 per cent gap up rally in the morning session. The company’s current market capitalization stands at Rs 11,905 crore. Additionally, the shares have delivered a return of around 30 per cent in the past 1 year.
As per the Quarterly Results, in the Q1 FY25, PNC Infratech recorded a revenue of Rs 2168 crore compared to Rs 2092 crore. The operating profit stood at Rs 969 crore. The net profit stood at Rs 575 crore compared to a profit of Rs 181 crore. Looking at the annual performance, the company generated a revenue of Rs 8650 crore in FY24. The operating profit for FY24 was Rs 2005 crore with a net profit of Rs 909 crore compared to a net profit of Rs 658 crore in FY23.
According to the company's shareholding pattern, the promoters hold a significant 56.07 per cent stake. Public investors own 6.75 per cent of the shares, while Foreign Institutional Investors (FIIs) hold 10.83 per cent and Domestic Institutional Investors (DIIs) own 26.36 per cent.
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Disclaimer: The article is for informational purposes only and not investment advice.