PNC Infratech Share Price Surges 14% Following Award of Two Highway Contracts

PNC Infratech Share Price Surges 14% After Emergence as Lowest Bidder in NHAI Projects

PNC Infratech, a leading infrastructure company, witnessed a significant surge in its share price on Wednesday, extending its rally for the second session. The company emerged as the lowest bidder in two National Highways Authority of India (NHAI) projects, leading to a rally in its share price.

The share price of PNC Infratech surged as much as 13.72% to ₹237.00 apiece on the BSE, with heavy trading volumes supporting the rally. Around 95 lakh equity shares of PNC Infratech changed hands on stock exchanges, significantly higher than its one week average trading volume of 5 lakh shares and one month average volumes of 7 lakh shares.

PNC Infratech said it emerged as the First Lowest (L1) bidder in tenders floated by NHAI for two Highway Development and Implementation (HAM) based National Highway Projects. The first project involves the construction of a 4 Lane highway from Barabanki Design Chainage to Mustafabad Design Chainage on the section of NH-927 in Uttar Pradesh, with a quoted bid project cost (BPC) of ₹1,728 crore. The second project is for the construction of a 4 Lane highway from Mustafabad Design Chainage to Biswariya Design Chainage on the section of NH-927 in Uttar Pradesh, with a quoted BPC of ₹1,755 crore.

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The aggregate bid project cost for both the projects is ₹3,483 crore, exclusive of Goods and Services Tax (GST). The time period by which the contracts are to be executed is 24 months for each project.

PNC Infratech's order book visibility remains strong, with an unexecuted order book of ₹19,346 crore as of Q3FY26.

Share Price Performance

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At 2:10 PM, PNC Infratech share price was trading 7.25% higher at ₹223.50 apiece on the BSE.