Stock Market Today: PNC Infratech Ltd share price gained 11 % in the intraday trades on Wednesday to scale all time high of ₹512 on Wednesday on the NSE. Gains for PNC Infratech Ltd share price was led by improved revenue visibility as it announced being L1 bidder ( first lowest bidder) in two EPC (Engineering Procurement and Construction) Road Projects of MSRDC (Maharashtra State Road Development Corporation) for an aggregate quoted price of Rs. 4994 crore.
The first project where PNC Infratech is L1 bidder is for Construction of Access Controlled Pune Ring Road in Pune District. The Package PRR E2 from lndori to Chirnbali (Length: 13.800 Krn) in the State of Maharashtra on EPC Mode is worth ₹2486.00 Crore . the project is to be completed in 30 months by PNC Infratech.
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Published: 22 May 2024, 11:09 AM IST
