PNC Infratech soared almost 6% to Rs.158.85, with a 52-week high and low at Rs.228.40 and Rs.130 respectively.
The company announced yesterday after market hours the signing of concession agreement on 16 July 2018 between National Highways Authority of India and PNC Challakere (Karnataka) Highways Private Limited [Special Purpose Vehicle]. This is for implementation of project of Four Laning of Challakere to Hariyur section of NH 150 A, in the state of Karnataka on Hybrid Annuity Mode.
The bid project cost is Rs.1157 crore. The project is to be constructed in 24 months upon declaration of appointed date and operated for 15 years, post construction.