PNC Infratech is on The Rise after being Selected as The Lowest Bidder for a Motorway Project

PNC Infratech rose 0.81% to Rs 241.55 after the EPC firm was named the L1 (lowest bidder) for project improvement and up-gradation by the National Highways Authority of India.

On Hybrid Annuity Mode, the project would upgrade a 54.429 km long road throughout Uttar Pradesh’s Hardoi district to a 4-lane road with concrete shoulders.

The project’s estimated cost is Rs 864 crore, as well as this will be built in 30 months and managed for 15 years after that.

PNC Infratech is involved in infrastructure development via building motorways, including BOT (build, operate, and transfer) projects, flyovers, airport runways, bridges, plus power transmission projects.

Despite an 8.84 percent increase in sales to Rs 1721.82 crore in Q3 FY22 over Q3 FY21, the company’s annual net profit fell 52.89 percent to Rs 82.98 crore.

PNC Infratech Gains on Order of Rs 885 Crore

PNC Infratech rose 1.19 percent to Rs 263.95 post the National Highways Authority of India awarded the business a new hybrid annuities highway project for Rs 885 crore (NHAI).

The business has been designated the L-1 (lowest) bidder for a 32.98 kilometer NHAI project in Uttar Pradesh requiring four Mathura Bypass lanes to the Gaju Village portion of NH-530B.

The project would be carried out on a hybrid annuity basis for Rs 885 crore.

On Friday, February 25, 2022, the cost bids were opened, with PNC’s bid becoming the lowest (L1).

The project is expected to be completed in 24 months and run for 15 years.

PNC Infratech is involved in infrastructure development through building motorways, including BOT (build, operate, and transfer) projects, bridges, airport runways, flyovers, and power transmission projects.

Despite an 8.84 percent increase in sales to Rs 1721.82 crore during Q3 FY22 over Q3 FY21, the company’s annual net profit fell 52.89 percent to Rs 82.98 crore.