PNC Infratech Shares Surge Over 11% After Early Project Completion

PNC Infratech saw a significant rise of 11.3% in its stock price on December 11, 2024, morning, reaching an intraday high of ₹346 per share. This increase in share price came after the company’s subsidiary, Hathras Highways, successfully completed a ₹738 crore project two months ahead of schedule.

Stock Performance

By 10:08 AM, PNC Infratech’s stock price was up by 10.51%, trading at ₹343.4 per share on the BSE. In contrast, the BSE Sensex remained almost unchanged at 81,508.02. The company’s market capitalization stood at ₹8,809.55 crore, with the stock’s 52-week high at ₹574.5 per share and 52-week low at ₹282.2 per share.

Early Completion of Key Project

The project, which involves the four-laning of a highway in Uttar Pradesh, was initially scheduled for completion by December 31, 2024. However, it was finished ahead of time on October 31, 2024. As a result, PNC Infratech’s subsidiary achieved provisional completion 2 months earlier than expected and is eligible for an early completion bonus of ₹1.428 crore from the National Highways Authority of India (NHAI), along with the first annuity payment.

About PNC Infratech

Established in 1999 and headquartered in Agra, Uttar Pradesh, PNC Infratech is a leading infrastructure development company in India. The company specialises in large-scale projects across highways, bridges, airports, power transmission, water supply, and urban infrastructure. It has successfully executed several major projects, including sections of the Yamuna Expressway and Purvanchal Expressway. PNC Infratech participates in both Build-Operate-Transfer (BOT) and Hybrid Annuity Model (HAM) projects and plays a key role in driving India’s infrastructure development.

Stock Performance Over the Last Year

Over the past year, PNC Infratech share price has risen by 7.6%, compared to a 16.5% increase in the BSE Sensex.

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