PNC Infratech shares in focus after Rs 2,957-crore mining contract win in Chhattisgarh
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PNC Infratech shares target price
Shares of PNC Infratech will be in focus on Tuesday after the infrastructure company emerged as the L1 (lowest) bidder for a mining services contract awarded by South Eastern Coalfields Limited (SECL), Bilaspur, Chhattisgarh.The project involves overburden removal, coal extraction using surface miners, and the loading and transportation of coal to various destinations at the Gevra OCP Expansion Project . The total quoted value of the contract stands at Rs 2,956.66 crore, excluding GST. Financial bids for the project were opened on July 28, 2025. The contract duration is five years.Last month, PNC Infratech also announced receiving a Letter of Acceptance (LoA) from the Public Works Department (PWD), Rajasthan, for the construction of a flyover in Bharatpur city.The Rs 239.94 crore project involves the construction of a flyover from Heeradas Chouraha to Kumher Gate Chouraha and will be executed under an engineering, procurement and construction (EPC) contract. The project is expected to be completed within two years.According to Trendlyne, the average target price for PNC Infratech is Rs 388, implying an upside of about 30% from current levels. Among the 16 analysts tracking the stock, the consensus recommendation is 'Strong Buy'.In Monday's trade, the stock closed at Rs 298.45, down 1.78%. While it has gained over 8% in the past three months, the stock remains 42% lower over the last 12 months. It hit a 52-week high of Rs 529.80 on July 29, 2024, and a 52-week low of Rs 235.70 on April 7, 2025.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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