Shares of this infrastructure company were buzzing on the bourses today!

The company undertakes infrastructure projects, including highways, bridges, flyovers, power transmission lines and towers, airport runways, industrial area development, water supply & irrigation, and other infrastructure activities.

On February 2, in a volatile trading session, the S&P BSE Sensex closed up by 0.38% at 59932.24. Regarding sectoral performance, FMCG and IT were among the top gainers, while Power and Oil and Gas were the top losers. Talking about stock-specific action, PNC Infratech Ltd was among the top gainers in BSE group ‘A’.

The shares of PNC Infratech Ltd surged 4% and closed trading at Rs 347.45. The stock opened at Rs 335 and made an intraday high and low of Rs 351.8 and Rs 328.25, respectively. The company has a market capitalisation of Rs 8913 crore and the stock is trading at a PE multiple of 16.59x.

About PNC Infratech Limited

PNC Infratech Limited is one of the front-ending infrastructure development, construction, and management companies in the country. The company undertakes infrastructure projects, including highways, bridges, flyovers, power transmission lines and towers, airport runways, industrial area development, water supply & irrigation, and other infrastructure activities.

PNC has successfully executed more than 80 major infrastructure projects across various states in India. The company executes projects across varied implementation formats, including item rate, EPC (Design-Build), BOT-Annuity, BOT-Toll, OMT, Operation & Management and Hybrid Annuity Mode (HAM) projects across sectors. The company has executed projects in 16 states across the country. About 80% of the revenue comes from EPC projects, while the rest 20% comes from toll/annuity.

Integrated Business Model

• Equipment Bank- Owning a fleet of contemporary equipment makes quick mobilisation possible and guarantees the ongoing availability of essential equipment. It enhances control, which lowers costs and speeds up project completion.

• Own Quarries/Raw Material Sourcing - It has ownership of quarries which helps in securing raw materials and project completion within the scheduled time & budget.

• In-house Design & Engineering- It controls the entire process from project conception to project commissioning, which enables the provision of customised solutions to meet the needs of individual clients.