PNC Infratech Limited has informed the Exchange about Bagging/Receiving of orders/contracts
PNCINFRA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
PNC Infratech Limited has announced winning two highway construction contracts from the National Highways Authority of India (NHAI). The company emerged as the L1 (lowest) bidder for both projects with a combined bid project cost of Rs. 3,483 crore, exclusive of GST. Project I involves constructing a 4-lane highway of 43 km in Uttar Pradesh for Rs. 1,728 crore, while Project II covers 58.5 km for Rs. 1,755 crore. Both are HAM (Hybrid Annuity Model) projects under the NH(O) Scheme with a 24-month execution period each. The orders are domestic and there are no related party transactions involved.
This order represents a massive addition to PNC Infratech's order book, likely exceeding 30-40% of annual revenue, signaling strong execution visibility and revenue growth potential for the next 2-3 years. The stock is likely to react positively to this announcement.