PNC Infratech Wins ₹2956 Crore Mining Contract from SECL

Big news from the infrastructure sector! 🏗️ PNC Infratech Limited (PNCINFRA), a prominent player in India’s construction and infrastructure development, has just announced a major win. The company has emerged as the L-1 (First Lowest) bidder for a substantial new contract.

The Details of the Deal:

South Eastern Coalfields Limited (SECL), based in Bilaspur, Chhattisgarh, has selected PNC Infratech for a crucial project. The contract is 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 the state of Chhattisgarh.”

This is a significant domestic project, valued at a whopping ₹2,956.66 Crores (exclusive of GST). The contract spans a period of five years, indicating a long-term commitment and a steady revenue stream for PNC Infratech.

What This Means for PNC Infratech:

Securing such a large-scale contract from a major public sector undertaking like SECL underscores PNC Infratech’s expertise and competitive edge in the mining and infrastructure services domain. This win is expected to bolster the company’s order book and strengthen its presence in the vital coal mining sector, particularly in Chhattisgarh, a key coal-producing state. It’s a clear sign of the company’s continued growth trajectory and operational capabilities. 💪

Keep an eye on PNC Infratech as they embark on this exciting new venture! ✨

source: Corporate Announcement

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