PNC Infratech emerges L1 bidder for HAM project

News: PNC Infratech has been declared L1 bidder for NHAI's 33 km four laning road project in Uttar Pradesh on HAM mode. The bid project cost was at Rs.738 crore.

Views: PNC’s order book at the end of Q3FY22 was at ~Rs.12,000 crore. While inflows for the company during 9MFY22 were muted due to heightened competitive intensity, inflows improved drastically during Q4FY22 and it secured projects worth ~Rs.9200+ crore. The recent project wins will strengthen the company's overall order book position and revenue visibility ahead.

Impact: Positive