PNC Infra bags orders

about 5 months ago
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PNC Infratech, in a JV with SPML Infra Limited, has received Letters of Award (LOAs) for 3 new EPC Projects "Survey, Design, Preparation of DPR, Construction, Commissioning and O&M for 10 years of Rural Water Supply" for a total village of 2475 from the State Water Supply & Sanitation Mission, Namami Gange & Rural Water Supply Department, Government of Uttar Pradesh.

The value of the order is Rs.2337 crore.

This works in favor of PNC Infratech as it has a 90% share in the JV.

Projects are to be constructed in 12 months upon signing of the agreements and operated for 10 years, post commissioning.

Though the stock opened over 1% lower at Rs.275, from there is rose to an intraday high at Rs.288.45. Its 52-week high is at Rs.395.55.

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