PNC Infratech bags National Highway EPC project

On January 18, 2020, PNC Infratech announced that it had won an EPC contract of Rs 639 crore from the National Highways Authority of India (NHAI) for the construction of a major bridge over Yamuna River.

PNC Infratech was declared the L1 (lowest) bidder for the EPC Project by the NHAI for the four laning with paved shoulders from Meerut to the bridge over Yamuna River via Shamli (Uttar Pradesh) for a total quoted price of Rs 639 crore. The scope of the project includes the construction of a major bridge, 7.6 km long bypass, 19.7 km strengthening and overlay for the remaining length of the project.

PNC Infratech is an infrastructure construction, development and management company, primarily engaged in the areas of infrastructure projects, including highways, bridges, flyovers, power transmission lines, airport runways and other infrastructure activities. The company focuses on road-building projects in Punjab, Haryana, Tamil Nadu, Madhya Pradesh, Maharashtra, Karnataka, Rajasthan, Uttar Pradesh, Uttarakhand, West Bengal and Northeast India.

At 12 pm on Monday, the stock is trading at Rs 200.90, up by 1.77 per cent or Rs 3.50 per share. The 52-week high is recorded at Rs 219.40 and the 52-week low is Rs 126 on BSE.