PNC Infratech, Arfin India gain 7-8% on order wins

Shares of PNC Infratech and Arfin India gained 7 percent and 8 percent respectively intraday Tuesday on the back of order received by the companies.PNC Infratech has been declared the L1 (lowest) bidder for NHAI project of six laning Chitradurga - Davanagere including Chitradurga bypass in the state of Karnataka under NHDP V, to be executed on hybrid annuity mode for a bid project cost of Rs 1434 crore. This is the second hybrid annuity project won by the company with construction period of two and a half years and operation period of 15 years. Arfin India has bagged an order worth Rs 107 crore from JSW Steel for supply to its three units located at Bellary, Dolvi & Salem for the financial year 2017-18.At 09:25 hrs PNC Infratech was quoting at Rs 104.75, up Rs 4.05, or 4.02 percent and Arfin India was quoting at Rs 500 up Rs 19.60, or 4.08 percent on the BSE.Posted by Rakesh Patil