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PNC Infratech wins a ₹380 crore contract for a bridge and highway project in Uttar Pradesh and Bihar. The project is slated for a construction period of 910 days. The PNC Infratech share price closed at ₹458.85, marking a 0.91% dip, yet yielding a 42.57% return over 12 months.
PNC Infratech Limited has been awarded a major highway and bridge construction project valued at ₹380 crore in Uttar Pradesh and Bihar. The company emerged as the lowest bidder, securing the contract for the "construction of an additional 3-lane bridge over River Ganga, connecting Buxar and Bharauli on NH-922," through a hybrid annuity mode (HAM).
With this new project, PNC Infratech continues to contribute to the development of critical infrastructure in India, aligning with the broader goal of improving connectivity and fostering economic growth.
The project encompasses not only the construction of the 3-lane bridge but also the development of associated highway infrastructure. This significant infrastructure project is slated for a construction period of 910 days. Upon completion, PNC Infratech will be responsible for operating the bridge and its related infrastructure for a duration of 15 years.
The project is being executed under the hybrid annuity model, a public-private partnership model that blends elements of the traditional EPC (Engineering, Procurement, and Construction) and BOT (Build-Operate-Transfer) models. This approach ensures both the timely completion of the project and sustained operation and maintenance for years to come.
PNC Infratech's share price performance has been noteworthy over the past year. On Tuesday, the PNC Infratech share price closed at ₹458.85, reflecting a 0.91% dip from the previous session. Despite this minor decline, the stock has delivered a return of 42.57% over the last 12 months.
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