PNC Infratech

The company has been declared L1 (lowest) bidder for a highway project for Ministry of Road Transport & Highways (MORT&H) with a bid project cost of Rs 819 crore

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At the bourses, shares of HG Infra Engineering, KNR Constructions, and KEC International have surged up to 9.3 per cent since February 1

HG Infra and PNC Infratech hit respective 52-week highs in trades so far on Monday

The National Commission observed that failure to carry out the impossible task of closing the road couldn't be considered a failure to take reasonable precautions

The 1,458 crore Uttar Pradesh highway construction project is around 79 kilometers in length and is estimated to be constructed in 24 months

As of March 31, 2021, the value of contracts under PNC Infartech's execution stood at Rs 11,648 crore

Renuka Ramnath-led Multiples Private Equity sold nearly 12 lakh shares of multiplex chain operator PVR worth Rs 179 crore through open market transactions

Voting on DHFL bids by committee of creditors ends today

Many institutional investors bought nearly 10 per cent stake in the road & highways company

PNC Infratech was up 8 per cent at Rs 189 after the company in JV with SPML Infra, announced receipt of LOA for an EPC project for 10 years of Rural Water Supply Project in UP.

Analysts expect better order flows, improving labour availability and rising construction activities to boost second half performance

The company would be requiring around Rs 1,000 crore equity requirement for its HAM projects over the next three years, which would be met from internal accruals

The bids for these contracts were submitted in January this year and opened in March.

The bids submitted by Jiangxi Construction have been annulled after the government decided to restrict Chinese companies in India

The project is to be constructed in 24 months and operated for 15 years post construction.

In the past two months, the stock has outperformed the market by surging 47 per cent, as compared to a 2 per cent rise in the Sensex.

Expenses increased to Rs 972.14 crore from Rs 628.19 crore in January-March 2018

PNC Infratech Ltd has been declared lowest bidder for NHAI project of 145 km long six-laning of Chakeri -Allahabad section of NH 2