PNC Infratech, engaged in the infrastructure development and construction business, today announced that the company has received Letter of Acceptance (LOA) for an EPC project namely "Upgradation of Canal System" from Pothireddypadu Head Regulator and BCR Complex in Andhra Pradesh for Rs 10,007.2 million.
"PNC Infratech announces receipt of Letter of Acceptance (LOA) for an EPC Project namely "Upgradation of Canal System from Pothireddypadu Head Regulator and BCR Complex from foreshore of Srisailam Reservoir and Improvements to existing SRBC/GNSS Canal up to berm level from Banakacherla Complex to Gorukallu Balancing Reservoir from KM 0.000 to KM 56.775 in Andhra Pradesh" from the Water Resources Department, Government of Andhra Pradesh, on 30.11.2020 for a value of Rs. 10,007.2 million."
Shares of the company gained Rs 4.20, or 2.46%, to settle at Rs 175. The total volume of shares traded was 51,569 at the BSE (Tuesday).