Shares of PNC Infratech Ltd surged 3% on 3 September after the corporate introduced securing a Rs 297 crore tender for the constructing of Lal Bahadur Shastri Worldwide Airport in Varanasi.
In line with an change submitting, the corporate emerged because the lowest (L1) bidder in a young issued by the Airports Authority of India (AAI) for the event of Varanasi’s Lal Bahadur Shastri Worldwide Airport.
The undertaking, value Rs 297.01 crore excluding GST, includes extending the runway, re-carpeting, strengthening the prevailing runway, and associated works. The contract can be executed inside 18 months. The undertaking’s monetary bids opened on 2 September 2025, in response to the discharge.
Earlier, in July, the enterprise emerged as an L1 bidder in a young issued by South Japanese Coalfields. The undertaking is costing Rs 2956.66 crore and must be accomplished inside 5 years.
PNC Infratech reported a 24.99% lower in internet revenue to Rs 431.41 crore for the quarter ended June 2025, in comparison with Rs 575.17 crore in the identical interval final 12 months. Income from operations decreased 34.36% to Rs 1,422.80 crore from Rs 2,167.51 crore.
The corporate is an infrastructure growth and building agency in India. The company specialises in large-scale initiatives involving highways, bridges, airports, electrical energy transmission, water provide, and concrete infrastructure.
PNC Infratech, recognized for its distinctive execution capabilities, has accomplished a number of historic initiatives, together with sections of the Yamuna Expressway, the Purvanchal Expressway, and airport runway expansions in Varanasi and Allahabad.
At 2:27 pm, the shares of PNC Infratech had been buying and selling 1.84% larger at Rs 309.50 on NSE.
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