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News: PNC infra emerged as L1 bidder for two EPC road projects of MSRDC for the construction of access-controlled Pune ring road in Pune district spanning a length of 13.8 KM with the project costing ₹ 2486 crore and to be constructed over a period of 30 months. The second road project for the construction of access-controlled expressway connector from Jalna to Nanded with the project costing ₹2508 crore and to be constructed over a period of 30 months.
Views: PNC’s order book (OB) was healthy at ₹ 17380 crore, 2.3x book to bill. With the two orders, the revenue visibility will improve. With monetised assets and cash inflow thereafter, PNC is well placed to capture healthy growth pie from the road ordering ahead.
Impact: Positive