Shares of PNC Infratech Limited surged 8.70% on Wednesday, April 22, after the company announced it has emerged as the lowest bidder for two National Highway projects in Uttar Pradesh with a combined bid project cost of ₹3,483 crore.
The stock opened at ₹226.11 on the day, touching a session high of ₹234.86 and a low of ₹226.11. The 52-week range stands between ₹158.17 and ₹331.80.
According to the company’s exchange filing, the financial bids for both projects were opened on April 21, 2026. The first project involves the construction of a 4-lane highway from Barabanki Design Chainage Km 0+000 to Mustafabad Design Chainage Km 43+030, with a quoted bid project cost of ₹1,728 crore. The second project covers the construction of a 4-lane highway from Mustafabad Design Chainage Km 43+030 to Biswariya Design Chainage Km 101+515, with a quoted bid project cost of ₹1,755 crore.
Both contracts have been awarded by the National Highways Authority of India and are to be executed under the Hybrid Annuity Model. Each project is expected to be completed within 24 months. The projects are part of the NH(O) Scheme and are domestic in nature with no related party interest.
PNC Infratech Limited is a Uttar Pradesh-based infrastructure construction company engaged in the development of highways, bridges, flyovers, power transmission lines, and other civil infrastructure projects, primarily for government clients across India.
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