PNC receives LoA for EPC projectsPNCINFRA - 245 Change: -1.70 (-0.69 %)
News: PNC Infratech, in joint venture with SPML Infra, has announced receipt of letters of award for three new EPC projects viz. “Survey, Design, Preparation of DPR, Construction, Commissioning and O&M for 10 years of rural water supply for a total village of 2475 in the districts of Uttar Pradesh" from the State Water Supply & Sanitation Mission, Namami Gange & Rural Water Supply Department, Uttar Pradesh government . Approximate aggregate value of projects is Rs.2,337 crore. Projects are to be constructed in 12 months upon signing of the agreements. The company’s share in the JV is 90%
Views: PNC’s order book (OB) at the end of Q2FY22 was at Rs..13,178 crore (2.6x TTM revenues to bill). While inflows for the company were muted during YTD FY22, the recent order win is likely to strengthen its overall order book position.