PNC Infratech Ltd.PNCINFRA₹319.30 +6.77%

PNC Infratech Ltd. has been declared the L1 (first lowest) bidder for a large-scale mining contract floated by South Eastern Coalfields Limited (SECL). The estimated value of the contract is ₹2,956.66 crore (exclusive of GST), and it involves comprehensive mining services at the Gevra Open Cast Expansion Project in Chhattisgarh.

The scope of work includes handling, transportation, and other mining services, such as hiring of heavy earth-moving machinery (HEMM) for overburden removal, coal extraction using surface miners, and loading and transportation of the extracted coal to various destinations.

SECL, a subsidiary of Coal India Limited, is one of India’s largest coal producers. The Gevra OCP is among SECL’s most critical projects and is being expanded to meet India’s growing energy needs. This contract plays a key role in improving operational capacity and logistical efficiency at the mine.

Post the announcement, shares of PNC Infratech surged up to 7%, reaching an intraday high of ₹321.95. 

Over the last five years, this stock has given multibagger returns of more than 125%. 

Let’s take a look at its Factor Analysis scores:

Note: The stock price mentioned is as of 3:30 PM.

Disclaimer

Investments in securities market are subject to market risks, read all the related documents carefully before investing. This is for informational purposes and should not be considered as recommendations.

Kindly refer to  https://share.market/ for more details.

PhonePe Wealth Broking Private Limited is a member of NSE & BSE with SEBI Regn. No.: INZ000302639, Depository Participant of CDSL Depository with SEBI Regn. No.: IN-DP-696-2022, Research Analyst with SEBI Regn No: INH000013387, BSE RA Enlistment Number: 5887, and Mutual Fund distributor with AMFI Registration No: ARN- 187821. Member ID: BSE- 6756, NSE- 90226. 

Registration granted by SEBI, enlistment as Research Analyst, and Certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors

Registered office – 2, Floor 3, Wing A, Block A, Salarpuria Softzone, Service Road, Green Glen Layout, Bellandur, Bengaluru South, Bengaluru, Karnataka – 560103, INDIA.

CIN: U65990KA2021PTC146954.