PNC Infratech share price added more than 2 percent in the early trade on September 22 following the company received LoA for a project in Bihar worth Rs 495.5 crore.
At 09:25am, PNC Infratech was quoting at Rs 315.15, up Rs 8.15, or 2.65 percent, on the BSE.
The company has received Letter of Acceptance (LOA) from Bihar State Road Development Corporation (BSRDC) for the project namely construction of high level bridge and approach road on Hathouri-Atrar-Bavangama-Aurai Road in Bihar.
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Earlier in this month, the Competition Commission of India (CCI) has approved the proposed acquisition of Jaiprakash Associates by PNC Infratech. Jaiprakash Associates is currently undergoing the corporate insolvency resolution process under the Insolvency and Bankruptcy Code.
Also, company has emerged as the lowest bidder for the development of Lal Bahadur Shastri International Airport, Varanasi.
The project includes the extension of the runway along with re-carpeting, strengthening of the existing runway, and allied works, with a quoted amount of Rs 297.01 crore.
The share touched a 52-week high of Rs 470.40 and a 52-week low of Rs 235.70 on 16 October, 2024 and 07 April, 2025, respectively.
Currently, the stock is trading 33 percent below its 52-week high and 33.71 percent above its 52-week low.
The market capitalisation of the company stands at Rs 8,084.83 crore.
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