India's PNC Infratech gains on 3 billion-rupee project win

PNC Infratech

01/06/2026 07:18

** Shares of PNC Infratech PNCI.NS up 4% to 213 rupees    
** Construction firm declared as lowest bidder for a project worth 3.02 bln rupees ($31.8 mln)
** Co wins engineering, procurement and construction (EPC) project at Patnagar Airport in India's northern state of Uttarakhand
** Stock set for its best session since April 22
** Avg rating of 15 analysts covering the stock is "buy" and median PT is 273 rupees, ~30% higher than current price - data compiled by LSEG
** YTD, PNCI down ~16%


($1 = 94.8875 Indian rupees)

 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))