PNC Infratech has been awarded a project involving four laning of Etah to Kasganj road in Uttar Pradesh for a contract value of Rs 2.32 billion. The company received the Letter of Award (LoA) from Public Works Department (PWD), Uttar Pradesh, on July 25, 2016.

This is the third EPC contract won by the company in the current financial year. Previously the company has won one state road project and one airport runway project in the current year, aggregating to Rs 2.60 billion.

The company's order book now stands at over Rs 54 billion including the above two L1 projects, for which letters of award are yet to be received. PNC also won a highway project of NHAI in Rajasthan on July 14, 2016 on hybrid annuity model for a bid project cost of Rs 8.81 billion.

Shares of the company gained Rs 9.65, or 1.73%, to trade at  Rs 566.10.  The total volume of shares traded  was  3,324 at the BSE (9.49 a.m., Tuesday).