PNC Infratech Wins Rs 380-Crore Highway And Bridge Construction Project

One of the top infrastructure development, investment, construction, operation, and management firms in India is PNC Infratech Ltd. The organization possesses a wealth of experience and demonstrated proficiency in carrying out projects in fundamental infrastructure domains, including but not limited to expressways, highways, bridges, flyovers, airport runways, water supply, industrial area development, and other related infrastructure operations. PNC Infrastructure Ltd. has a proven track record of effectively completing projects in a variety of geographical areas. Offering a comprehensive range of infrastructure implementation solutions under one roof, we provide design, engineering, procurement, construction, and operations and maintenance (O&M) services in fixed-sum turnkey (EPC), “Design-Build-Finance-Operate-Transfer” (DBFOT) toll, annuity, hybrid annuity, operate-maintain-transfer, and other formats.

PNC Infratech got the Rs. 380 crore project:

The National Highways Authority of India (NHAI) has awarded a project worth Rs 380 crore to PNC Infratech, the lowest-bidding contractor. PNC Infratech has been deemed the L1 (first lowest) bidder for the highway and bridge project, which includes building an extra 3-lane bridge over the River Ganga, according to the company’s announcement. This bridge will span NH-922 in Uttar Pradesh and Bihar, linking Buxar and Bharauli. The project, whose hybrid annuity mode of execution is planned, has a bid project cost of Rs 380 crore.

The project will take 910 days to build, and after construction, it will be in operation for more than 15 years. PNC Infratech reported a significant 218% increase in net profit for the quarter ended June 2024, reaching Rs 575.17 crore.

PNC Infratech Ltd. stock is up more than 2% today:

PNC Infratech stock price is currently trading at Rs. 461.05 per share, with the stock reaching a high of Rs. 472.95 per share, marking a more than 2% increase in the intraday segment following the successful bid for a project on the river Ganga.

Conclusion: PNC Infratech Ltd. won the project with the lowest bid and now faces the challenge of completing it in 190 days with a strong emphasis on quality construction, which will support the company in the long run.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.