Shares of PNC Infratech Ltd ended 2% greater after hitting a day’s excessive of Rs 313.85 on fifth September, following the corporate’s announcement that it had emerged because the lowest bidder for a Rs 495.54 crore development challenge in Bihar.
PNC Infratech has acquired an order from the Bihar State Highway Growth Company (BSRDC) to construct a high-level bridge and method highway on the Hathouri-Atrar-Bavangama-Aurai Highway. The bids have been opened on 4th September. The challenge is anticipated to be accomplished in three years.
This comes simply three days after PNC Infratech secured one other contract from the Airports Authority of India (AAI). They have been the bottom bidder for work at Lal Bahadur Shastri Worldwide Airport in Varanasi. The Rs 297.01 crore challenge entails extending and strengthening the runway. It additionally consists of re-carpeting and associated works, with completion focused in one-and-a-half years.
At 3:30 PM, the shares of PNC Infratech ended 2% greater at Rs 311.15 on NSE.
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