PNC Infratech shares jump 6% after firm signs NHAI orders worth ₹3,483 crore; details here

Civil construction company PNC Infratech shares surged nearly 6% on Friday, July 17, after the firm signed National Highways Authority of India (NHAI) orders worth a total of ₹3,483 crore for two projects, as per an exchange filing.

Shares of PNC Infratech gained around 6% to ₹258 apiece on Friday’s market session, compared to ₹244.04 at the previous stock market close, according to NSE data. The company announced the order book update during market hours on July 17.

After hitting the intraday high, the company shares retracted their gains, trading 0.22% higher during the afternoon session on Friday’s market.

The company signed “two HAM projects with National Highways Authority of India (NHAI) for bid project cost of ₹3,483 crore on July 16, 2026,” said PNC Infratech in its NSE filing.

Project details

PNC Infratech disclosed that the company will establish a special purpose vehicle (SPV) with the National Highways Authority of India, where the firm will build two highway projects for a total bid cost of ₹3,483 crore.

The company will establish Barabanki Mustafabad Highway Private Limited and Mustafabad Biswariya Highway Private Limited as the two SPVs for the projects, according to the exchange filing.

As per the deal details, PNC Infratech will construct a four-lane highway from Barabanki Design Chainage to Mustafabad Design Chainage in Uttar Pradesh for a total project cost of ₹1,728 crore.

While the second project will be the construction of a four-lane highway from Uttar Pradesh’s Mustafabad Design Chainage to Biswariya Design Chainage for a total project cost of ₹1,755 crore, according to the NSE filing.

The company also disclosed that both projects are set to be constructed within 24 months from the date of order declaration and will be operated within 15 years after the construction.

NSE filings data showed that both projects, worth a total of ₹3,483 crore, exceeds the company’s revenue from core operations, which was at ₹1,616.98 crore for the quarter ended March 2026.

The data also showed that the order book update was more than 50% of the company’s market capitalisation as of the trading session on Friday, July 17.

PNC Infratech share price trend

NSE data showed that PNC Infratech shares have lost 23% of their value in the last five years, are down 30% in the last three years, and have dropped over 23% in the past one year period.

On a year-to-date (YTD) basis, the small-cap stock has lost 2.6% in the current calendar year, but the shares have risen 15% in the last one-month period, as per the exchange data. The company’s stock was trading 0.7% higher in the last five market sessions.

Shares of PNC Infratech surged to their 52-week high of ₹331.80 on July 17, 2025, while the 52-week low was at ₹158.17 on March 30, 2026. The company’s market capitalisation (m-cap) was at ₹6,282 crore as of the trading session on Friday, July 17, 2026.