PNC Infra surges after Karnataka order win - Highlight Investment Research

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Wednesday 18 July 2018

PNC Infra surges after Karnataka order win

Constructions engineering company PNC Infratech rose over 3% after bagging an order worth Rs1,157cr for a highway project in Karnataka, according top a BSE filing.

The company announced the signing of a concession agreement on 16 July 2018 between National Highways Authority of India and Special Purpose Vehicle incorporated for the following Hybrid Annuity Mode (HAM) NH project, secured recently by the company.

Further, the project relates to four laning of Challakere to Hariyur section of NH 150 A and will be constructed in 24 months upon declaration of the appointed date and operated for 15 years, post construction.



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