Latest news with #PNCInfra
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Business Standard
5 days ago
- Business
- Business Standard
Civil construction stock gains 7% in trade after bagging order from NHPC
PNC Infratech shares jumped 6.6 per cent on Thursday, logging an intraday high at ₹331.8 per share on the National Stock Exchange (NSE). At 12:56 PM, PNC Infra share price was trading 3.89 per cent higher at ₹323.35 per share on the NSE. In comparison, the NSE Nifty was down 0.14 per cent at 25,177.35. The company's market capitalisation stood at ₹8,295.19 crore. The 52-week high of the stock was at ₹534.4 per share, and the 52-week low of the stock was at ₹240 per share. What led to the surge in PNC Infra shares? The stock jumped after the company emerged as one of the lowest (L1) bidders in a tender floated by NHPC. Under the contract, PNC Infra will set up a 300 MW solar power project with a 150MW/600MWh energy storage system. This is part of a larger 1200 MW interstate solar project tender under tariff-based competitive bidding, awarded at a price of ₹3.13/kWh. "We wish to inform you that our company has emerged as one of the Lowest (Ll) Bidders in a tender floated by NHPC Limited for "Setting up of 1200 MW ISTS (Inter State Transmission System) Connected Solar Power Projects with 600MW/2400MWh Energy Storage Systems (ESS) on anywhere in India basis under Tariff Based Competitive Bidding (TBCB) with Green Shoe Option" at a quoted price of Rs. 3.13/kwh," the filing read. It added: Out of the above-mentioned total quantity, the company has been allotted 300 MW ISTS Solar Power Project with 150MW600MWh Energy Storage System (ESS) at the said quoted price through an electronic (online) reverse action mechanism. The order is scheduled to be executed in 24 months from the effective date of the Power Purchase Agreement (PPA). The PPA will remain in effect for 25 years from the start of supply. About PNC Infratech PNC Infratech Limited is an Indian infrastructure company. The firm specialises in end-to-end development, construction, operation, and management across core infrastructure sectors. The company has executed projects in core infrastructure sectors, including expressways, highways, bridges, flyovers, airport runways, water supply, industrial area development, and other infrastructure activities with an established track record of successful execution of projects across geographies.
Mint
09-06-2025
- Business
- Mint
Mid-cap construction sector stock PNC Infratech share price gains 4% on ₹240 Crore order win
Stock Market Today: Mid cap construction sector stock PNC Infratech share price gained up to 4% during the intraday trades on Monday. PNC Infra had announced ₹ 240 Crore order win over the weekend. Mid-cap construction sector stock PNC Infratech over the week end ( on Saturday 7 June 2025) announced winning ₹ 240 crore order. In its intimation to the National Stock Exchange of India Ltd and the BSE or the Bombay Stock Exchange, PNC Infratech announced Receipt of 'Letter of Acceptance' from PWD-Rajasthan. The scope of works for the PNC Infratech as per the received Letter of Acceptance' from PWD-Rajasthan is for construction of a flyover in Bharatpur . The PNC Infratech in its release said that "Company has received Letter of Acceptance dated 06.06.2025 from PWD-Rajasthan for the project namely "Construction of Flyover from Heeradas Chouraha to Kumher Gate Chouraha in Bharatpur City, Bharatpur" on 07.06.2025. The domestic Engineering, Procurement and Construction (EPC) order is to be completed by PNC Infratech in 24 months from the issue of order. The broad consideration of the order or contract as per PNC Infratech or the Awarded value id Rs. 239.94 Crore. Mid-cap construction sector stock PNC Infratech share price that opened at ₹ 307.80. At the time of opening PNC Infratech share price was up close too 1% over the previous days closing price of ₹ 305.10. The PNC Infratech share price thereafter gained further the intraday highs of ₹ 319.80 which translated into intraday gains of close to 4% for the PNC Infratech share price. The PNC Infratech share price has been rebounding well and had risen more than 28% during the last one month as order wins and Q4 Results have lifted streets confidence on forward prospects of Mid-cap construction sector stock PNC Infratech
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Business Standard
09-06-2025
- Business
- Business Standard
PNC Infratech shares rise 5% in trade after company bags ₹240-crore order
PNC Infratech share price jumped 4.8 per cent in trade on Monday, June 9, 2025, logging a day's high at ₹319.8 per share on BSE. The stock was in demand after the company bagged an order worth ₹239.94 crore from PWD-Rajasthan. At 12:26 PM, PNC Infra shares were trading 3.64 per cent higher at ₹316.2 per share on the BSE. In comparison, the BSE Sensex was up 0.4 per cent at 82,518.47. The company's market capitalisation stood at ₹8,111.77 crore. Its 52-week high was at ₹539 per share and 52-week low was at ₹235.7 per share. PNC Infra order details The company, on Saturday, informed that it has received a Letter of Acceptance (LoA) from PWD-Rajasthan. The project is for construction of a flyover from Heeradas Chouraha to Kumher Gate Chouraha in Bharatpur City, Bharatpur. The order has to be completed within 2 years or 24 months. "We are pleased to inform you that our Company has received a Letter of Acceptance dated 06.06.2025 from PWD-Rajasthan for the project namely "Construction of Flyover from Heeradas Chouraha to Kumher Gate Chouraha in Bharatpur City, Bharatpur" on June 7, 2025" the filing read. About PNC Infratech PNC Infratech is an infrastructure development and construction company in India. The company specialises in executing large-scale projects across highways, bridges, airports, power transmission, water supply, and urban infrastructure. Known for its strong execution capabilities, PNC Infratech has delivered several landmark projects, including sections of the Yamuna Expressway, Purvanchal Expressway, and airport runway expansions at Varanasi and Allahabad. The company undertakes Build-Operate-Transfer (BOT) and Hybrid Annuity Model (HAM) projects, ensuring a diversified portfolio that spans road construction, urban development, and water management under initiatives like the Jal Jeevan Mission. With a robust order book driven by contracts from agencies like NHAI and state governments, PNC Infratech is a key contributor to India's infrastructure growth.
Mint
09-06-2025
- Business
- Mint
Mid-cap construction sector stock PNC Infratech share price gains 4% on ₹240 Crore order win
Stock Market Today: Mid cap construction sector stock PNC Infratech share price gained up to 4% during the intraday trades on Monday. PNC Infra had announced ₹ 240 Crore order win over the weekend. Mid-cap construction sector stock PNC Infratech over the week end ( on Saturday 7 June 2025) announced winning ₹ 240 crore order. In its intimation to the National Stock Exchange of India Ltd and the BSE or the Bombay Stock Exchange, PNC Infratech announced Receipt of 'Letter of Acceptance' from PWD-Rajasthan. The scope of works for the PNC Infratech as per the received Letter of Acceptance' from PWD-Rajasthan is for construction of a flyover in Bharatpur . The PNC Infratech in its release said that "Company has received Letter of Acceptance dated 06.06.2025 from PWD-Rajasthan for the project namely "Construction of Flyover from Heeradas Chouraha to Kumher Gate Chouraha in Bharatpur City, Bharatpur" on 07.06.2025. The domestic Engineering, Procurement and Construction (EPC) order is to be completed by PNC Infratech in 24 months from the issue of order. The broad consideration of the order or contract as per PNC Infratech or the Awarded value id Rs. 239.94 Crore. Mid-cap construction sector stock PNC Infratech share price that opened at ₹ 307.80. At the time of opening PNC Infratech share price was up close too 1% over the previous days closing price of ₹ 305.10. The PNC Infratech share price thereafter gained further the intraday highs of ₹ 319.80 which translated into intraday gains of close to 4% for the PNC Infratech share price. The PNC Infratech share price has been rebounding well and had risen more than 28% during the last one month as order wins and Q4 Results have lifted streets confidence on forward prospects of Mid-cap construction sector stock PNC Infratech Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
