Mid-cap construction sector stock PNC Infratech share price gains 4% on ₹240 Crore order win
Stock Market Today: Mid cap construction sector stock PNC Infratech share price gained up to 4% during the intraday trades on Monday. PNC Infra had announced ₹ 240 Crore order win over the weekend.
Mid-cap construction sector stock PNC Infratech over the week end ( on Saturday 7 June 2025) announced winning ₹ 240 crore order. In its intimation to the National Stock Exchange of India Ltd and the BSE or the Bombay Stock Exchange, PNC Infratech announced Receipt of 'Letter of Acceptance' from PWD-Rajasthan.
The scope of works for the PNC Infratech as per the received Letter of Acceptance' from PWD-Rajasthan is for construction of a flyover in Bharatpur . The PNC Infratech in its release said that "Company has received Letter of Acceptance dated 06.06.2025 from PWD-Rajasthan for the project namely "Construction of Flyover from Heeradas Chouraha to Kumher Gate Chouraha in Bharatpur City, Bharatpur" on 07.06.2025.
The domestic Engineering, Procurement and Construction (EPC) order is to be completed by PNC Infratech in 24 months from the issue of order. The broad consideration of the order or contract as per PNC Infratech or the Awarded value id Rs. 239.94 Crore.
Mid-cap construction sector stock PNC Infratech share price that opened at ₹ 307.80. At the time of opening PNC Infratech share price was up close too 1% over the previous days closing price of ₹ 305.10. The PNC Infratech share price thereafter gained further the intraday highs of ₹ 319.80 which translated into intraday gains of close to 4% for the PNC Infratech share price.
The PNC Infratech share price has been rebounding well and had risen more than 28% during the last one month as order wins and Q4 Results have lifted streets confidence on forward prospects of Mid-cap construction sector stock PNC Infratech
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Standard
10 hours ago
- Business Standard
Solarium Re-Enters into Manufacturing Solar Modules: latest Technology & 1 GW Capacity
PNN New Delhi [India], June 11: Solarium Green Energy Limited (Solarium), a market leader in rooftop solar projects in India, is planning to re-enter the manufacturing of Solar Modules using the latest technology of fully automated machinery with higher capacity. The facility will be installed with a production capacity of ~1000 MW (megawatt) at Ahmedabad, Gujarat, India, at an estimated project capex cost of ~Rs70 crore + requisite working capital via a mix of debt to equity in a ratio of 3:1. This strategic move is part of the company's backward integration initiative. In EPC projects, solar modules typically account for approximately 50-60% of the total project cost. By setting up an in-house module manufacturing facility, the company aims to mitigate cost volatility, expedite project execution, and secure its supply chain along with improvement in margins. The facility will focus on the production of Crystalline Silicon Solar PV Modules, utilizing advanced technologies such as TOPCon cells, half-cut cells, and bifacial cells using imported tabber-stringers, laminators, and sun simulators to ensure high-quality output and efficiency. Commenting on the strategic move of backward integration and foray into manufacturing, Mr. Ankit Garg, Chairman and Managing Director, Solarium commented, "We are excited to re-enter the manufacturing space and are confident of the synergy this module manufacturing will bring to our supply chain. There are 3 key components in a Solar Plant; Solar Module, Inverter & Structure. At 85% plant utilization, the plant can generate a revenue of Rs.1,000+ crore annually (If Modules get sold in the market). While captive consumption of Modules, by eliminating third-party markups, we expect the gross margin to improve by 5%-8% in the projects where these modules will be used." Additionally, Solarium is also initiating the manufacturing of structures--one of the three core components of a solar plant--at its existing facility in Bavla, Gujarat. This move will further enhance execution capabilities and reduce project timelines. In line with its integrated strategy, Solarium recently announced a collaboration with WattPower Systems Pvt. Ltd. to expand the distribution of high-quality solar inverters across Madhya Pradesh and Maharashtra. The Ahmedabad manufacturing facility is aimed at mitigating supply chain risks arising from trade-related disruptions, geopolitical uncertainties, and price volatility. With the industry's future prospects looking robust on the back of India's solar energy potential to reach about 750 GW by 2047, any additional capacity available post captive consumption will be used to cater the other EPC players/B2B segment by selling the Solar Modules alone. The upcoming in-house manufacturing capacity is expected to strengthen Solarium's bidding capabilities across both B2G and B2B segments, positively influencing its ability to secure a higher volume of orders going forward. This move will also build greater trust with B2C customers through guaranteed quality and reliability. The commercial operation is expected to be commissioned from Q4 of the current FY. About Solarium: Founded in the year 2018, Solarium is a leading provider of turnkey solar solutions, offering a complete range of services such as design, engineering, procurement, testing, installation, commissioning, and full-scale operation and maintenance (O & M), along with a variety of solar products such as PV modules, inverters, and Availability Based Tariff (ABT) meters. The company is founded by first-generation entrepreneurs with 21+ years of combined experience in the solar space. The company is among the market leaders in the residential rooftop projects for the B2C segment in the residential category, with 65+ MW projects executed across 18,000+ homes via in-house sales team and 350+ channel partners. The company also caters to commercial & industrial projects and Government projects with 35+ MW rooftop projects and 30+ MW ground mounted projects executed over the years. Solarium has gained a significant market share by offering comprehensive solar solutions at competitive prices, backed by exceptional execution and high customer satisfaction.
&w=3840&q=100)
Business Standard
16 hours ago
- Business Standard
Texmaco Rail shares rally 5% on bagging ₹44.04-crore order; Check details
Texmaco Rail & Engineering share price jumped 4.6 per cent in trade on Wednesday, June 11, 2025, logging an intraday high at ₹185 per share on BSE. At 11:45 AM, Texmaco shares were trading 3.31 per cent higher at ₹182.55 per share on the BSE. In comparison, the BSE Sensex was up 0.32 per cent at 82,654.24. The company's market capitalisation stood at ₹7,292.28 crore. Its 52-week high was at ₹296.6 per share and 52-week low was at ₹115.1 per share. In the past one year, Texmaco shares have lost 16 per cent as compared to Sensex's rise of around 8 per cent. Texmaco Rail order details On Tuesday, after market hours, the company announced that it had secured an order from Mumbai Railway Vikas Corporation Ltd. The order value is estimated at ₹44.04 crore and has to be completed within 18 months. Under the contract, Texmaco is expected to supply, construct, install, test and commission a 1x25 kV, 110/25 kV traction substation (TSS) with 40/56 MVA AC traction transformers, along with 2 sectioning posts (SPs) and related works for the 3rd and 4th railway lines under Central Railway. "We wish to inform you that Mumbai Railway Vikas Corporation Limited vide its letter dated June 9, 2025, has awarded an order of Rs. 44.04 Crore to the Company for supply, construction, installation, testing and commissioning of traction transformers, SPs & associated works," the filing read. About Texmaco Rail The company is involved in the business of manufacturing Rolling Stock, such as wagons, coaches, EMUs, loco shells and parts, etc., Hydro Mechanical Equipments, Steel Castings, Rail EPC, Bridges and other steel structures. The company has been the leading and most reliable freight car manufacturer over the past 8 (eight) decades. Its freight cars serve a host of core industries like cement, steel, defence, fertiliser, oil, alumina, thermal power projects, chemical plants, etc. These include custom-built special purpose freight cars for movement of large oversize consignments. Besides the domestic market, the company has made a significant thrust in overseas markets.
India Today
17 hours ago
- India Today
Delhi Skill and Entrepreneurship University opens 2025 admissions window
Delhi Skill and Entrepreneurship University (DSEU) has officially opened its admissions for the academic year 2025–26, offering an extensive range of programmes across diploma, undergraduate, and postgraduate levels. With registration open from May 28 to June 22, 2025, DSEU aims to bridge the gap between education and employment by aligning its courses with industry under the Delhi Skill and Entrepreneurship University Act in 2020, DSEU has rapidly grown into one of India's top skill-focused institutions. In 2024, Outlook magazine ranked it the second-best skill university in India, a recognition that reflects its emphasis on practical learning and entrepreneurial university offers over 100 programmes across 21 campuses, including diplomas in robotic automation and precision engineering, BTech courses in data science and network security, and specialised degrees like BA (Hons) in Spanish and BDes in Gems and Jewellery Design. Short-term certificate courses in areas such as welding, digital marketing, HVAC, and conservation of textiles are also MODEL WITH INDUSTRY INTEGRATION Admissions to most BTech programmes will be based on JEE Main scores, while other courses require Class10 or 12 standard qualifications, or NSQF-level credits. Notably, DSEU also facilitates lateral entry, multiple entry-exit options, and recognition of prior learning (RPL), aligning with the National Education Policy (NEP).The counselling process will begin with preference locking from June 23, and the first round of seat allotment will be announced on June 26. Special counselling sessions are scheduled for defence personnel, PwD, and Kashmiri migrant university's fee structure ranges from Rs 10,000 to ?87,000 per semester depending on the program type, with fee concessions of up to 60% for SC/ST/PwD a commitment to skilling, reskilling, and upskilling India's workforce, Vice-Chancellor Professor Ashok Kumar Nagawat has urged students to 'build not just careers, but legacies.' Interested candidates are advised to visit regularly for Reel
