Shares of PNC Infratech Ltd surged 2% to hit a day’s high of Rs 314.45 on 29th July, after the firm announced yesterday that it had emerged as the L1 (lowest) bidder for a mining services contract floated by South Eastern Coalfields Limited (SECL) in Bilaspur, Chhattisgarh.

PNC Infratech will handle mining services, including the transport of overburden, hiring of heavy equipment (HEMM) for overburden removal, coal extraction using surface miners, and loading and transporting coal, at the Gevra OCP expansion project in Chhattisgarh.

The contract is valued at Rs 2,956.66 crore (excluding GST) and will be executed over a five-year period. Financial bids were opened on 28th July, 2025.

Last month, the company also received a letter of acceptance from the Rajasthan PWD for building a flyover in Bharatpur. The Rs 239.94-crore EPC project, awarded on 6th June, 2025, involves constructing a flyover from Heeradas Chouraha to Kumher Gate Chouraha and is to be completed in two years.

At 10:35 AM, the shares of PNC Infratech were trading 1.99% higher at Rs 305 on NSE.

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