PNC Infratech Shares in Focus After Rs 194 Crore EPC Order Win
- 2nd June 2026
- 12:00 PM
- 2 min read
Summary
PNC Infratech shares rose in early trade on June 2 after the company received a Letter of Acceptance from the Lucknow Development Authority, Uttar Pradesh, for an EPC project worth Rs 194.40 crore, excluding GST. The contract covers the construction of a four-lane flyover at the Shaheed Path intersection on the right-hand bank of the Gomti River in Lucknow.Lucknow | June 2, 2026
PNC Infratech received the LoA from the Lucknow Development Authority for an Engineering, Procurement and Construction project valued at Rs 194.40 crore, excluding GST. The project involves building a four-lane flyover along with two loops and two ramps at the Shaheed Path intersection on the right-hand bank of the Gomti River. The contract is to be executed within 24 months.
An EPC contract is awarded to a single entity responsible for engineering, procurement, and construction of the entire project.
How Did PNC Infratech Shares React?
PNC Infratech shares were trading at Rs 211.15 on the BSE at 09:20am, up Rs 3.75 or 1.81% on the day. The previous session close was Rs 207.40, up Rs 2.90 or 1.42%. The stock touched a day high of Rs 212.90 and a day low of Rs 208.20. The market capitalisation of the company stands at Rs 5,320.62 crore.
The stock’s 52-week high stands at Rs 331.80, recorded on July 17, 2025, and its 52-week low at Rs 157.95, recorded on March 30, 2026. At current levels, the stock trades 37.49% below its 52-week high and 31.31% above its 52-week low.
What Else Is in PNC Infratech’s Recent Order Pipeline?
On May 29, PNC Infratech emerged as the lowest bidder (L1) for an Airports Authority of India project worth Rs 302.44 crore for infrastructure works at Pantnagar Airport in Uttarakhand. On May 22, the company received Rs 228.90 crore from the National Highways Authority of India under a settlement agreement executed as part of the Vivad Se Vishwas III Contractual Disputes Scheme of the Government of India.
Outlook
The Lucknow flyover project adds to PNC Infratech’s active order pipeline across road and airport infrastructure. The 24-month execution timeline places completion within the current infrastructure spending cycle.
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