Hot Pursuit     17-Jan-24
PNC Infra rises on Rs 117-cr road project win
PNC Infratech added 1.55% to Rs 412.55 after the firm received letter of award (LoA) from Madhya Pradesh Road Development Corporation (MPRDC) for road construction project worth Rs 1,174 crore.
The order entails construction of Western Bhopal Bvpass as 4-lane with paved shoulders along with service road starting from Jabalpur-Bhopal Road (NH-46) and end Bhopal-Dewas Road (SH-28) in the State of Madhya Pradesh on hvbrid annuity mode (HAM).

The project is to be constructed in 24 months while the operation period is 15 years post construction.

PNC Infratech is engaged in India's infrastructure development through the construction of highways including BOT (built, operate and transfer projects), HAM (Hybrid Annuity Model), airport runways, bridges, flyovers and power transmission projects, among others.

The company's consolidated net profit increased 12% to Rs 147.91 crore on 6.5% jump in net sales to Rs 1,911.38 crore in Q2 FY24 over Q2 FY23.

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