Rs 18,962 crore order book: Civil construction company emerges as lowest bidder (L1) for order of Rs 239.94 crore from PWD-Rajasthan
The stock is up by 21 per cent from its 52-week low of Rs 235.70 per share.
PNC Infratech Limited has announced that it has been declared the L1 lowest bidder by PWD-Rajasthan for the "Construction of Flyover from Heeradas Chouraha to Kumher Gate Chouraha in Bharatpur City, Bharatpur on EPC Mode" with a quoted price of Rs 239.94 Crore. This domestic EPC project has a completion period of 24 months. Following SEBI regulations and the company's Insider Trading policy, the trading window for designated persons remains closed until 48 hours after the declaration of the financial results for the quarter/year ended March 31, 2025.
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PNC Infratech Limited was incorporated on August 09, 1999, as PNC Construction Company Private Limited. The Company was converted into a limited company in 2001 and was renamed PNC Infratech Limited in 2007. PNC Infratech Limited is one of the front-end 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.
The company has a market cap of over Rs 7,000 crore. As of March 31, 2023, the company has a robust order book of Rs 18,962 crore (including contracts worth Rs 4,097 crore where the Appointed date is awaited) is over 2.4 times FY24 revenue. The shares of the company have a PE of 7x, an ROE of 19 per cent and an ROCE of 16 per cent. The stock is up by 21 per cent from its 52-week low of Rs 235.70 per share. Investors should keep an eye on this mid-cap civil construction stock.
Disclaimer: The article is for informational purposes only and not investment advice.