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Four firms participated in the bidding and the price bids have been opened on Thursday with PNC’s bid being the lowest, it said.
The project is to be constructed in 30 months and operated for 15 years post construction.
This is the tenth hybrid annuity highway project secured by the company so far.
Shares of PNC Infratech were trading at Rs 201.80 in afternoon trade on the BSE, higher by 1.43 per cent over its previous closing price.
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