PNC Infratech Stock Up by More Than 3% Today; Company Gets New Order of Rs 239.94 Crore
By Ankur Chandra | Published at: Jun 9, 2025 06:44 PM IST
PNC Infratech Ltd (NSE: PNCINFRA, BSE: 539150) climbed 3.2% to ₹314.95 in Monday’s trade, following confirmation that it has formally secured a ₹239.94 crore EPC order from the Public Works Department (PWD) of Rajasthan.
The project, originally announced as being under consideration on April 22, 2025, has now been cemented with the issuance of the Letter of Acceptance (LoA) on June 6, 2025, and its disclosure to exchanges on June 7, 2025.
What Are the Highlights of the Flyover Project in Bharatpur City?
The contract involves the construction of a major flyover in Bharatpur, linking Heeradas Chouraha to Kumher Gate Chouraha. It will be executed on an Engineering, Procurement, and Construction (EPC) basis and is scheduled for completion over a period of 24 months.
Key Project Terms
| Particulars | Details |
|---|---|
| Awarding Authority | PWD – Rajasthan |
| Scope of Work | EPC contract for flyover construction |
| Location | Bharatpur City, Rajasthan |
| Contract Value | ₹239.94 crore |
| Execution Timeline | 24 months |
| Promoter/Group Involvement | None |
| Related Party Transaction | Not Applicable |
This is a domestic project with no promoter group interest and does not qualify as a related party transaction under SEBI norms.
What Was the Market’s Response?
Investors responded positively to the update, as PNC Infratech’s shares rose by 3.2% from the previous close of ₹305.15.
| Metric | Value |
|---|---|
| Last Traded Price | ₹314.95 |
| Change | +₹9.80 (+3.21%) |
| Day’s High / Low | ₹313.95 / ₹308.90 |
| VWAP | ₹311.02 |
| 52-Week High / Low | ₹552.15 / ₹240.00 |
| Market Capitalization | ₹7,984.78 crore |
| Free Float Market Cap | ₹3,493.40 crore |
| Adjusted P/E Ratio | 9.60 |
| Volume Traded (Lakhs) | 1.47 |
What’s the Strategic Significance of This Project?
The Bharatpur flyover contract adds to PNC Infratech’s growing portfolio of transport infrastructure projects and reinforces its position as a key EPC player in North India. The company is expected to leverage its execution track record to deliver the project within the stipulated timeline.
About PNC Infratech Ltd
PNC Infratech Ltd, incorporated in 1999 and listed since May 26, 2015, is a prominent player in India’s infrastructure space. The company operates in sectors including roads, bridges, airports, and urban infrastructure, and is part of the NIFTY 500 index. It has a consistent record of securing and executing government contracts across India.
REF:
https://www.nseindia.com/get-quotes/equity?symbol=PNCINFRA
https://nsearchives.nseindia.com/corporate/PNCINFRA_07062025183710_LOA_07062025.pdf
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