PNC Infratech shares gain 2% on Rs 772-crore Haryana Rail Infrastructure project

The share touched a 52-week high of Rs 354.55 and a 52-week low of Rs 219.35 on 03 February, 2023 and 20 June, 2022, respectively.

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The PNC Infratech share price gained more than 2 percent in early trade on April 10 as the company won an EPC project from Haryana Rail Infrastructure Development Corporation.

The infrastructure company has received Letter of Acceptance (LoA) for a project worth Rs 771.46 crore from Haryana Rail Infrastructure Development Corporation, PNC Infratech said in a release to the exchanges.

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The project include design and construction of civil works (earthwork, bridges, station buildings, retaining walls and other miscellaneous works) from km 29.68 to 49.70 and from km 55.60 to 61.50 and its connectivity to the Indian Railways network from New Patli to Patli station and New Patli to Sultanpur station, including modifications/ civil works at Sultanpur station in connection with laying of New BG Double Railway Line of HORC Project, in Haryana. The project is to be executed in 30 months.

Earlier this month, the company had received the Letters of Award from the National Highways Authority of India (NHAI) for 3 projects worth Rs 3,264.43 crore.

At 9:19am, PNC Infratech was quoting at Rs 294.00, up Rs 6.75, or 2.35 percent, on the BSE.

The share touched a 52-week high of Rs 354.55 and a 52-week low of Rs 219.35 on 03 February, 2023 and 20 June, 2022, respectively. It is trading 17.08 percent below its 52-week high and 34.03 percent above its 52-week low.