Shares of PNC Infratech Limited jumped 5% on Tuesday, July 29, 2025, after the company announced a major project win from South Eastern Coalfields Limited (SECL). As of 9:16 AM, the shares were trading 3.61% higher at Rs 309.00.
In an official regulatory filing, the company confirmed that it has emerged as the L1 (Lowest Bidder) for a large-scale mining services contract for SECL’s Gevra OCP Expansion Project in Chhattisgarh. The quoted value of the project stands at ₹2,956.66 crore, exclusive of GST.
The scope of the contract includes handling, transport, and other mining services. Specifically, it involves hiring Heavy Earth Moving Machinery (HEMM) for overburden removal, coal extraction using surface miners, and transporting the extracted coal to different locations. The project is expected to be executed over a period of five years.
This is a domestic contract and was awarded by SECL, a key subsidiary of Coal India Limited, based in Bilaspur, Chhattisgarh. PNC Infratech clarified that there is no promoter or related party involvement in this deal, and the award does not fall under any related party transactions. The announcement was made following the opening of financial bids on July 28, 2025.
The company also stated that, in compliance with SEBI’s insider trading norms, the trading window for designated employees and connected persons will remain closed and will reopen 48 hours after the declaration of its quarterly financial results for the period ending June 30, 2025.
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