Rs 20,530 crore order book: This multibagger civil construction company signs agreement with NHAI for projects worth Rs 3,260 crore!
Shares of this company have given about 35 per cent returns in the last one year.
PNC Infratech Limited informed in the exchange filing that the company has signed a concession agreement between the National Highways Authority of India and the Special Purpose Vehicles incorporated by the company for three Hybrid Annuity Mode (HAM) Highway Projects for an aggregate bid project cost of Rs. 3264.43 crores.
The first agreement involves the construction of a 6-lane greenfield Varanasi - Ranchi - Kolkata highway from the junction with Chandauli - Chainpur Road near Khainti village to the junction with Bhabhua - Adhaura road near Palka village. The project is worth Rs 891 crore.
The second agreement involves the construction of a 6-lane greenfield Varanasi - Ranchi - Kolkata Highway from the junction with Bhabhua - Adhaura Road in Bhairopur village to Konki. The project is worth Rs 1113.43 crore.
The third agreement involves the construction of a 6-lane greenfield Varanasi - Ranchi Kolkata Highway from Pachmon village to Anarbansalea village. The project is worth Rs 1260 crore.
PNC Infratech Limited is one of the front-ending infrastructure development, construction, and management companies in the country. The company undertakes infrastructure projects, including highways, bridges, flyovers, power transmission lines and towers, airport runways, industrial area development, and other infrastructure activities.
Today, the stock opened at Rs 354.95, with a high and low of Rs 367.90 and Rs 347.05. The stock closed trading at Rs 350.30, up by 1.88 per cent.
In the last three years, the shares of the company have given about 130 per cent returns and in the last 1 year, the stock has given about 15 per cent returns. The company has an order book of Rs 20,530 crore. And investors should keep a close eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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