On June 28, PNC Infratech’s share was trading slightly lower after the firm signed a franchise agreement with the road transport ministry.

The company will build a four-lane highway bounce of NH-731A in Uttar Pradesh on hybrid allowance mode. The bid project cost is Rs 819 crore.

PNC Infratech contracted a concession agreement with the Ministry through Uttar Pradesh Public Works Department and a special purpose vehicle, Prayagraj Kaushambi Highway Package 3 Private Limited, incorporated by it for the project.

The project plans to build in 24 months and function for 15 years.
At 9:50 am, PNC Infratech was trading at Rs 334.95, down Rs 1.50, or 0.45%, on the BSE.

The share moved a 52-week high of Rs 354.55 on February 3, 2023, and a 52-week low of Rs 226.30 on June 29, 2022.
It trades 5.53% below its 52-week high and 48.01% above its 52-week low.