Latest news with #GevraOCPExpansionProject
Business Upturn
6 days ago
- Business
- Business Upturn
PNC Infratech bags Rs 3,489 crore coal project from South Eastern Coalfields
By Aditya Bhagchandani Published on August 1, 2025, 15:30 IST PNC Infratech Limited has secured a major contract from South Eastern Coalfields Limited (SECL), valued at ₹3,488.86 crore (inclusive of GST). The company received the Letter of Acceptance (LoA) on August 1, 2025, for a large-scale mining and coal transportation project at the Gevra OCP Expansion Project in Chhattisgarh. The contract entails 'Handling, Transport and Other Mining Services — Hiring of HEMM for OB Removal and Coal Extraction by Surface Miner and Loading and Transportation of Extracted Coal to different destinations.' The project is slated for execution over a five-year period. PNC Infratech emerged as the L1 (lowest) bidder for the domestic project, which is among its largest mining services contracts. The deal does not fall under related party transactions, nor does it involve any promoter group interest, the company confirmed. This win further strengthens PNC Infratech's diversified order book and its growing presence in the mining services space. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Standard
29-07-2025
- Business
- Business Standard
PNC Infratech successfully bids for Rs 2,956.65 cr project of South Eastern Coalfields
PNC Infratech has emerged L1 (First Lowest) Bidder in a tender floated by South Eastern Coalfields (SECL) for "Handling, Transport and Other Mining Services - Hiring of HEMM for OB Removal and Coal Extraction by Surface Miner and Loading and Transportation of Extracted Coal to different destinations at Gevra OCP Expansion Project in the state of Chhattisgarh" for a quoted amount of Rs. 2,956.65 crore exclusive of GST. The financial bids were opened on 28 July 2025.
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Business Standard
29-07-2025
- Business
- Business Standard
PNC Infratech shares advance 5% on winning ₹2,956-crore order; Details
PNC Infratech shares gained 5.4 per cent, logging an intra-day high at ₹314.85 per share. At 11:21 AM, PNC Infratech share price was trading 3.02 per cent higher at ₹307.45 per share on BSE. In comparison, the BSE Sensex slipped 0.05 per cent to 80,849.19. The market capitalisation of the company stood at ₹7,887.3 crore. The 52-week high of the company stood at ₹529.8 per share, and the 52-week low was at ₹235.7. What led to rally in PNC Infratech shares? The stock gained after the company emerged as an L1 Bidder in a tender floated by South Eastern Coalfields. The project is worth ₹2956.66 crore and has to be executed within five years. Under the contract, PNC Infratech will be hiring heavy mining equipment (HEMM) for overburden removal and coal extraction using surface miners, along with loading and transporting the coal to various locations at the Gevra OCP Expansion Project in Chhattisgarh. "We hereby inform you that our company has emerged Ll (First Lowest) Bidder in a tender floated by South Eastern Coalfields Limited (SECL) for "Handling, Transport and Other Mining Services - Hiring of HEMM for OB Removal and Coal Extraction by Surface Miner and Loading and Transportation of Extracted Coal to different destinations at Gevra OCP Expansion Project in the state of Chhattisgarh," the filing read. About PNC Infratech PNC Infratech is an infrastructure development and construction company in India. The company specialises in executing large-scale projects across highways, bridges, airports, power transmission, water supply, and urban infrastructure. Known for its strong execution capabilities, PNC Infratech has delivered several landmark projects, including sections of the Yamuna Expressway, Purvanchal Expressway, and airport runway expansions at Varanasi and Allahabad. The company undertakes Build-Operate-Transfer (BOT) and Hybrid Annuity Model (HAM) projects, ensuring a diversified portfolio that spans road construction, urban development, and water management under initiatives like the Jal Jeevan Mission. With a robust order book driven by contracts from agencies like NHAI and state governments, PNC Infratech is a key contributor to India's infrastructure growth.
Economic Times
29-07-2025
- Business
- Economic Times
PNC Infratech shares surge over 5% after Rs 2,957-crore mining contract win in Chhattisgarh
Live Events PNC Infratech shares target price (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of PNC Infratech surged 5.5% to their day's high of Rs 314.85 on the BSE 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, 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 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 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 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)
Time of India
29-07-2025
- Business
- Time of India
PNC Infratech shares in focus after Rs 2,957-crore mining contract win in Chhattisgarh
PNC Infratech shares: The project encompasses overburden removal, coal extraction through surface miners, and the loading and transportation of coal to multiple locations as part of the Gevra OCP Expansion Project. The total quoted contract value is ₹2,956.66 crore, excluding GST. Financial bids were opened on July 28, 2025, and the contract is set to span five years. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads 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, 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 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 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 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)
