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PNC Infratech secures a project worth Rs.1,738 crore

PNC Infratech has secured a project worth Rs.1,738 crore.

The company has emerged as the lowest bidder for the 42.7 km long 4th package of Lucknow-Ghazipur six lane access controlled Purvanchal expressway project, from Siddhi Ganeshpur to Sansarpur (District Sultanpur) in Uttar Pradesh, on EPC basis for a value of Rs.1,738.44 crore. The construction period for the project is 30 months.

Furthermore, the company has reported a net profit of Rs.111.52 crore, during the quarter ended March 31,2018 and its board of directors has approved a final dividend of 25% per equity share of face value of Rs.2 each, for the financial year ended March 31, 2018.

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