PNC Infratech shares jump 3% after winning Rs 240 crore Rajasthan infrastructure contract
By Aman Shukla Published on June 9, 2025, 09:52 IST
PNC Infratech Ltd shares gained 3% in early trading following the company's announcement of securing a Letter of Acceptance (LoA) dated June 6, 2025, from the Public Works Department (PWD), Rajasthan. The contract involves the construction of a flyover connecting Heeradas Chouraha to Kumher Gate Chouraha in Bharatpur city.
Awarded on an Engineering, Procurement, and Construction (EPC) basis, the project is valued at ₹239.94 crore and is expected to be completed within 24 months. The infrastructure development aims to significantly reduce traffic congestion and improve urban mobility in Bharatpur, a key urban hub in Rajasthan.
The contract is entirely domestic, with no involvement of promoters or promoter group in the awarding entity. This win strengthens PNC Infratech's foothold in the road and infrastructure sector, supporting its strategic focus on India's urban infrastructure growth.
PNC Infratech shares opened at ₹308.90 and reached a high of ₹316.35, with the day's low at ₹308.90. The stock's 52-week high stands at ₹539.50, while the 52-week low is ₹240.00.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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