Stock Market Today: PNC Infratech Ltd’s share price jumped by 11% on Wednesday, reaching an all-time high of ₹512 on the NSE. This surge was driven by improved revenue prospects after the company announced it was the lowest bidder (L1) for two major road projects by the Maharashtra State Road Development Corporation (MSRDC), with a combined value of ₹4,994 crore.
The first project involves constructing the Access Controlled Pune Ring Road in Pune District, from Indori to Chimbali, on an EPC (Engineering Procurement and Construction) basis. This project is valued at ₹2,486 crore and is expected to be completed in 30 months by PNC Infratech.
The second project entails building an Access Controlled Expressway Connector from Jalna to Nanded, also in Maharashtra, on an EPC basis. This project, worth ₹2,508 crore, covers a length of 28.895 km and is also expected to be completed in 30 months by PNC Infratech.
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