PNC Infratech secures HAM projects worth Rs 885 crore

News: PNC Infratech has been declared L1 bidder for NHAI's project namely "Four-laning of Mathura Bypass to Gaju village section of in Uttar Pradesh on HAM mode". The bid project cost was at Rs.885 crore

Views: PNC’s order book at the end of Q3FY22 was at | 14,382 crore (including rural drinking water supply project). While inflows during 9MFY22 were muted due to heightened competitive intensity, the recent HAM project win would strengthen its overall order book position. The management had guided for inflows worth Rs. 4,000-5,000 crore in Q4FY22 while the company has already secured the targeted quantum of projects

Impact: Positive