PNC Infratech Limited's stock jumped in the afternoon hours to its intraday high of Rs 117.2 per share, up by nearly 3%.
PNC Infratech Limited has been declared the lowest bidder in the following two hybrid annuity highway projects of NHAI.
The aggregate bid project cost for the project stands at Rs 2720 cr.
The project involves construction of 76.3 km four lanes road from Jhansi to Khajuraho section of NH 75/76 in the states of Uttar Pradesh and Madhya Pradesh.
Upon securing of the above two projects, PNC Infratech has won total four hybrid annuity highway projects so far.
PNC Infratech Limited is an infrastructure construction, development and management company, with expertise in execution of major infrastructure projects, including highways, bridges, flyovers, airport runways, power transmission lines, development of industrial areas and other infrastructure activities.