PNC Infratech share price will remain in focus on September 22 following the company received LoA for a project in Bihar worth Rs 495.5 crore.
The company has received Letter of Acceptance (LOA) from Bihar State Road Development Corporation (BSRDC) for the project namely construction of high level bridge and approach road on Hathouri-Atrar-Bavangama-Aurai Road in Bihar.
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Earlier in this month, the Competition Commission of India (CCI) has approved the proposed acquisition of Jaiprakash Associates by PNC Infratech. Jaiprakash Associates is currently undergoing the corporate insolvency resolution process under the Insolvency and Bankruptcy Code.
Also, company has emerged as the lowest bidder for the…