Rs 17,792 crore order book: Civil construction company emerges as lowest bidder (L1) for order of Rs 2956,65,99,909 from South Eastern Coalfields Ltd

DSIJ Intelligence-1 / 29 Jul 2025/ Categories: Mindshare, Trending

Rs 17,792 crore order book: Civil construction company emerges as lowest bidder (L1) for order of Rs 2956,65,99,909 from South Eastern Coalfields Ltd

The stock is up by 34 per cent from its 52-week low of Rs 235.70 per share.

PNC Infratech Limited has been declared the L1 (First Lowest) Bidder by South Eastern Coalfields Limited (SECL) for a significant mining services contract. The tender, for "Handling, Transport and Other Mining Services - Hiring of HEMM for OB Removal and Coal Extraction by Surface Miner and Loading and Transportation of Extracted Coal to different destinations at Gevra OCP Expansion Project" in Chhattisgarh, was awarded to PNC Infratech Limited for a quoted amount of Rs 2,956,65,99,909 (exclusive of GST). The financial bids for this domestic contract were opened on July 28, 2025.

This substantial order, involves comprehensive mining operations, including overburden removal and coal extraction. The project is situated at the Gevra OCP Expansion Project and is set to be executed over a period of five years. This successful bid reinforces PNC Infratech Limited's position in the infrastructure and mining services sector in India.

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About the Company

PNC Infratech Limited was incorporated on August 09, 1999, as PNC Construction Company Private Limited. The Company was converted into a limited company in 2001 and was renamed PNC Infratech Limited in 2007. PNC Infratech Limited is one of the front-end infrastructure development, construction, and management companies in the country. The company undertakes infrastructure projects, including highways, bridges, flyovers, power transmission lines and towers, airport runways, industrial area development, and other infrastructure activities.

The company has a market cap of over Rs 7,800 crore. As of March 31, 2025, the company has a robust order book of Rs 17,792 crore (including contracts worth Rs 4,097 crore where the Appointed date is awaited) is over 3.2 times FY25 revenue. The shares of the company have a PE of 10x, an ROE of 15 per cent and an ROCE of 14 per cent. The stock is up by 34 per cent from its 52-week low of Rs 235.70 per share.

Disclaimer: The article is for informational purposes only and not investment advice.