PNC Infratech shares soar nearly 4% after emerging as L1 bidder for ₹297 crore AAI project; Check other developments

This comes on the back of the announcement that the company emerged as the lowest (L1) bidder for the ₹297 crore project to develop Lal Bahadur Shastri International Airport in Varanasi, it said in a regulatory filing dated Tuesday.

At around 11:07 am, the PNC Infratech stock was trading 1.43% higher at ₹308.25 per equity share.

The tender floated by the Airports Authority of India (AAI) comprises the extension of the runway, along with re-carpeting and strengthening of the existing runway and allied works for a broad consideration of ₹297.01 crore, exclusive of GST. The order will take 18 months to be executed.

Other orders

In August, PNC Infratech received a letter of award (LoA) from NHPC for setting up a 300 megawatt (MW) interstate transmission system (ISTS) connected solar power project, with 150 MW/600 MWh energy storage system (ESS).

The scheduled commencement of supply date (SCSD) will be 24 months from the effective date of the power purchase agreement (PPA). Furthermore, the PPA (operation period) will be for a period of 25 years from the SCSD, the filing stated.

The order was signed for a broad consideration of ₹3.13 per kilowatt-hour (kWh), the Uttar Pradesh-headquartered company said.

In a separate regulatory filing dated August 1, PNC Infratech bagged an order worth ₹3,488.86 crore (including 18% GST) from South Eastern Coalfields Limited (SECL).

It received the LoA for handling, transport, and other mining services, including hiring of HEMM (heavy earth-moving machinery) for overburden (OB, i.e., layers of soil and rock) removal and coal extraction by surface miner, along with loading and transportation of extracted coal to different destinations at the Gewa OCP expansion project.

PNC Infratech stock performance

The share rose 1.46% over the week but has fallen 2.89% over the month. The scrip surged 15.68% over six months. On a year-to-date basis, PNC Infratech shares declined 7.70%.

While the stock hit a 52-week low of ₹240 on May 9, 2025, it reached a year’s high of ₹469.65 apiece on October 16, 2024.

PNC Infratech has a total market capitalisation of ₹7,962.98 crore, as of September 3, 2025, according to data on the NSE.