Midcap Infra Company Signs Concession Agreement For HAM Project With MORT&H, GoI

PNC Infratech Ltd. announces the signing of a concession agreement for a HAM Project with the Ministry of Road Transport & Highways (MORT&H) (the '(Authority") for a bid project cost of Rs. 819.00 Crore on Jun 26, 2023. The company in a regulatory filing on Jun 27, 2023, informed the same stock exchange.

Announces signing of concession agreement for a HAM Project of MoRTH, GoI

PNC Infratech Limited informs signing of a concession agreement between Ministry of Road Transport & Highways Government of India represented by Director General (Road Development) & Special Secretary, through Public Works Department, Uttar Pradesh represented by Chief Engineer (NH), PWD, Uttar Pradesh and the Special Purpose Vehicle incorporated by the Company namely Prayagraj Kaushambi Highway Package 3 Private Limited for implementation of the following Hybrid Annuity Mode (HAM) Project on 26 June 2023:

SN.	Project Name	Bid Project Cost (Rs. Crore)	Project Length
1	Construction of 4-lane highway from Km 49.155 to Km 74.700 (Singraur Uphar to Baranpur Kadipur Ichauli) of NH- 731A with paved shoulders (i/c Ganga Bridge) in the state of Uttar Pradesh on Hybrid Annuity Mode (Package - III)	819	25.545 km

The above project is to be constructed in 24 months upon declaration of appointed date and operated for 15 years, post construction.

Stock Movement

On Wednesday, the stock is currently trading 1.83% down at Rs 330.30 apiece on BSE. Its 52-week high is Rs 354.55 apiece recorded on Feb 03, 2023, and its 52-week low is Rs 226.30 apiece, recorded on Jun 29, 2022, respectively.

The stock gave 4.57% positive return in the past 1 week, and 16.72% positive return in the past 3 months, respectively. It jumped 43.70% in the past 1 year. It gave 137.01% positive return in the past 3 years, whereas, it gave 129.99% positive return in the past 5 years.

About - PNC Infratech Ltd.

PNC Infratech is a midcap Infra sector company. It is one of the front-ending Indian infrastructure investment, development, construction, operation and management companies in the country. It has a market capitalisation of Rs 8,479.90 crore.