Oct 03, 2017 09:32 AM IST | Source: Moneycontrol.com
PNC Infratech up 12% on highway project win worth Rs 2159 crore
The said project is to be executed on hybrid annuity mode.
Moneycontrol News
Shares of PNC Infratech added nearly 12 percent intraday Tuesday on the back of contract win worth Rs 2159 crore.
The company has declared the lowest bidder for the project of 145 km long six laning of Chakeri to Allahabad section of NH - 2 from in the state of Uttar Pradesh under NHDP Phase-V.
The said project is to be executed on hybrid annuity mode.
This is the fifth hybrid annuity project won by the company has having construction period of two and half years and operation period of 15 years, company said.
The share price increased by 26 percent in the last 6 months.
At 09:26 hrs PNC Infratech was quoting at Rs 146.80, up Rs 10.75, or 7.90 percent on the BSE.
Posted by Rakesh Patil
