PNC Infratech Limited recently informed exchanges that the company has been declared the first lowest (L1) bidder for a significant infrastructure project in Bharatpur, Rajasthan.
The project involves the construction of a flyover stretching from Heeradas Chouraha to Kumher Gate Chouraha within Bharatpur city. The development will be carried out on an Engineering, Procurement, and Construction (EPC) mode and is valued at Rs. 239.94 crore.
Awarded by the Public Works Department (PWD) of Rajasthan, this is a domestic contract, underlining the continued trust placed in PNC Infratech’s execution capabilities for key urban infrastructure projects. The construction timeline for this flyover has been set at 24 months from the date of commencement.
In the meantime, PNC Infratech shares closed today at ₹279.50, slightly up from the opening of ₹279.45. The stock touched a high of ₹284.90 and a low of ₹278.00 during the day. Despite current volatility, it remains well below its 52-week high of ₹574.80, but above the 52-week low of ₹244.00.
