PNC Infratech jumps 9% after bagging two EPC projects worth Rs 1,548 crore

The bids for these contracts were submitted in January this year and opened in March.

Shares of PNC Infratech surged nearly 9 per cent on the BSE on Friday after the company announced it has bagged two highway construction contracts worth over Rs 1,500 crore, after the Union government cancelled the lowest bid submitted by the Chinese company, Jiangxi Construction.

At 09:25 am, the stock was trading 6.57 per cent higher at Rs 149 on the BSE. It hit a high of Rs 152.35 in the opening deals against Thursday's close of Rs 139.95. In comparison, the benchmark S&P BSE Sensex was trading around 0.6 per cent lower at 37,925 levels. 

In an announcement to