PNC Infratech shares rise 4% after receiving Letter of Acceptance for ₹495 crore Bihar project

The counter opened the day at ₹317.50, up from the previous close of ₹306.65. Shares of PNC Infratech were trading 3.19% higher at ₹315.80 apiece at 9:22 AM.

The rise in the share price comes after the company announced that it has received a Letter of Acceptance (LOA) from the Bihar State Road Development Corporation (BSRDC) in an exchange filing dated September 19, 2025.

The order includes the construction of a runway bridge along with re-carpeting Hathouri-Atrar-Bavangama-Aurai Road in Bihar. The project, spanning 21.30 km, will be executed in EPC (engineering, procurement and construction) mode. The contract is valued at ₹495.54 crore and is expected to be completed within a period of 1,095 days (three years).

Earlier this month, the Competition Commission of India approved PNC Infratech’s proposed acquisition of Jaiprakash Associates, which is under insolvency.

Other orders

On September 3, the EPC company announced that it had been declared the L1 bidder for the ₹297.01 crore project (excluding GST) to develop the Lal Bahadur Shastri International Airport in Varanasi. The tender issued by the Airports Authority of India (AAI) includes extending the runway, re-carpeting and strengthening the existing one, along with associated works. The project is expected to be completed within 18 months.

In August, the company secured a letter of award (LoA) from NHPC for establishing a 300 megawatt (MW) interstate transmission system (ISTS)-connected solar power project, which also incorporates a 150 MW/600 MWh energy storage system (ESS).

According to the Uttar Pradesh-based company, the contract was finalised at a tariff of ₹3.13 per kilowatt-hour (kWh).

Separately, in a regulatory filing during August, the company reported winning an order worth ₹3,488.86 crore, inclusive of 18% GST, from South Eastern Coalfields Limited (SECL).

PNC Infratech share price

Over the last five trading sessions, PNC Infratech shares gained 2.83% and also rose 1.59% in the last month. The shares soared 14.51% in the period of six months, however, declined 4.44% on an year-to-date basis.

The stock touched its 52-week high of ₹469.65 on October 16, 2024 and its 52-week low of ₹240 on May 9, 2025. The company’s market capitalisation stands at ₹7,850.10 crore as recorded on September 22.