PVV Infra wins 2 highway wayside amenity orders from NHAI's SPV NHLML
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 10.7 pts more than Nifty Microcap 250 and 11.8 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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PVV Infra received two Letters of Award from NHLML (a 100 percent SPV of NHAI) for developing, operating and maintaining wayside amenities on NH-44 at Dabra and NH-752D at Dhanodiya in Madhya Pradesh on a DBOT basis. Combined annual lease rent is about Rs 2.49 crore. The company has also bid for 4 more WSA sites in Andhra Pradesh and Uttar Pradesh, with results awaited.
Positive — new government-backed orders expand presence in highway infrastructure. Absolute value is modest; watch for outcomes of 4 pending bids.