PNC Infratech surges 5% on securing Rs 6.99 billion order

01 Mar 2024 CW Team

According to the company's filing, the LoA is related to the construction of a four-lane elevated corridor/flyover from Maharani Laxmibai Pratima to A.B. Road (N.ll. 46) near Girwai Police Chouki on the Swarn Rekha River in Gwalior City (2nd phase) in the state of Madhya Pradesh. The project is set to be executed on an engineering, procurement, and construction (EPC) basis, with a total order value of Rs 6.99 billion.

In January, PNC Infratech was also granted the contract for constructing the Western Bhopal Bypass, entailing the development of a 4-lane road with paved shoulders along with service roads. The total cost for this project amounts to Rs 11.74 billion.

The company has established itself as a leading player in the EPC sector within the road industry over the years. It has diversified its revenue streams to include other segments like water supply and irrigation.

The company is well-positioned to capitalize on the government?s ambitious plans for highway and expressway development. The National Highways Authority of India (NHAI) is prioritizing greenfield expressways, presenting significant potential in both EPC and HAM modes.

Government initiatives such as Bharatmala Pariyojana, Sagarmala, the Atal Mission for Rejuvenation and Urban Transformation, the Jal Jeevan Mission, and the Prime Minister?s Gati Shakti National Master Plan are expected to enhance the infrastructure sector, according to the domestic brokerage firm Axis Securities.

The company's shares have delivered positive returns over the past three years, with a 30% increase so far this year.

In Q3 FY24, the company reported a 32.14% YoY increase in its consolidated net profit, reaching Rs 1.85 billion compared to Rs 1.40 billion in the year-ago quarter.

Shares of PNC Infratech, an infrastructure company, experienced a 5% surge, this increase was announced in an exchange filing where the company stated that it had received a Letter of Acceptance from the Madhya Pradesh Public Works Department. According to the company's filing, the LoA is related to the construction of a four-lane elevated corridor/flyover from Maharani Laxmibai Pratima to A.B. Road (N.ll. 46) near Girwai Police Chouki on the Swarn Rekha River in Gwalior City (2nd phase) in the state of Madhya Pradesh. The project is set to be executed on an engineering, procurement, and construction (EPC) basis, with a total order value of Rs 6.99 billion. In January, PNC Infratech was also granted the contract for constructing the Western Bhopal Bypass, entailing the development of a 4-lane road with paved shoulders along with service roads. The total cost for this project amounts to Rs 11.74 billion. The company has established itself as a leading player in the EPC sector within the road industry over the years. It has diversified its revenue streams to include other segments like water supply and irrigation. The company is well-positioned to capitalize on the government?s ambitious plans for highway and expressway development. The National Highways Authority of India (NHAI) is prioritizing greenfield expressways, presenting significant potential in both EPC and HAM modes. Government initiatives such as Bharatmala Pariyojana, Sagarmala, the Atal Mission for Rejuvenation and Urban Transformation, the Jal Jeevan Mission, and the Prime Minister?s Gati Shakti National Master Plan are expected to enhance the infrastructure sector, according to the domestic brokerage firm Axis Securities. The company's shares have delivered positive returns over the past three years, with a 30% increase so far this year. In Q3 FY24, the company reported a 32.14% YoY increase in its consolidated net profit, reaching Rs 1.85 billion compared to Rs 1.40 billion in the year-ago quarter.

Infrastructure Urban

07 Oct 2025

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Infrastructure Transport

07 Oct 2025

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

Infrastructure Transport

07 Oct 2025

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..