PNC Infratech Share Price Surges on Major Order Win

Market Performance

PNC Infratech share price witnessed a notable rise in early trading on July 29, gaining 3.25% on the Bombay Stock Exchange (BSE).

• Opening Price: ₹308.15
• Previous Close: ₹298.45
• Price Gain: ₹9.70
• Percentage Increase: 3.25%

The stock movement reflects positive investor sentiment following a significant order win announcement.

Main News: ₹2,957 Cr Mining Services Order Secured

PNC Infratech has secured a substantial contract worth ₹2,956.66 crore from South Eastern Coalfields, marking a major milestone for the company.

• The company emerged as the first lowest bidder in a competitive tender.
• The contract involves handling, transport, and mining services.
• Project Scope:
  • Hiring of HEMM (Heavy Earth Moving Machinery)
  • Overburden (OB) removal
  • Coal extraction using surface miners
  • Loading and transporting coal
• Project Location: Gevra OCP Expansion, Chhattisgarh

This development is expected to strengthen the company's presence in the mining services sector.

Company Details

Apart from the latest order:

• On July 16, PNC Infratech was also declared as the lowest bidder for setting up:
  • 1200 MW ISTS-connected solar power projects
  • 600 MW / 2400 MWh Energy Storage Systems
  • Quoted Tariff: ₹3.13 per kWh
  • Project Location: Pan-India

These wins underline the company's diversified project portfolio across mining and renewable sectors.

Financial Overview

Market Capitalisation

• Current Market Cap: ₹7,905.25 crore

52-Week Stock Movement

• 52-Week High: ₹518.05 (August 12, 2024)
• 52-Week Low: ₹235.70 (April 7, 2025)
• Current Price: ₹308.15
• % Below 52-Week High: 40.52%
• % Above 52-Week Low: 30.74%

The data suggests the stock is currently trading at a relatively attractive valuation, closer to its yearly lows.

Summary of the Article

PNC Infratech share price recorded a 3% intraday jump on July 29 after clinching a massive ₹2,957 crore order from South Eastern Coalfields. The scope of the work includes key mining operations at the Gevra OCP expansion site in Chhattisgarh. This follows a series of recent order wins, including a major solar and energy storage project bid success on July 16.

With consistent contract wins and diversification into mining and renewable infrastructure, PNC Infratech continues to demonstrate robust operational capabilities. The stock, though down from its 52-week peak, is trading comfortably above its yearly low, reflecting a strong investor interest driven by its project execution track record.