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Ircon International, PNC Infratech advance up to 9% on order wins

Shares of IRCON International, PNC Infratech, and Gayatri Projects gained up to 9 per cent on the BSE in intra-day trade on Friday after these companies announced winning orders. IRCON International was up 9 per cent at Rs 96.05 after the company said it has been awarded the work of upgradation of Gurgaon- Palaud,-Rewari section of NH-352W (design length of 46.110 km) 35 feeder route in Haryana on Hybrid Annuity Mode valuing Rs 900 crore on competitive bidding basis by National Highways Authority of India (NHAI). This work will be undertaken and executed by a Special Purpose Vehicle (Concessoonaire as a limited liability company) which shall be incorporated by IRCON as its whoIIy-owned subsidiary company, it said.

Stocks to watch: UPL, Canara Bank, IRCTC, Wipro, Ircon Int l, PNC Infratech

Here s a list of stocks that may remain in focus today. UPL: Shares of UPL will continue to be in focus on Friday after the management clarified that the matter flagged by a whistleblower was an old matter and was reported to the audit committee in 2017. After an independent probe, the matter was closed, it said. PNC Infra: PNC Infratech Limited in Joint Venture with SPML Infra, has announced receipt of Letter of Acceptance (LOA) for an EPC roject for 10 years of Rural Water Supply Project in 952 villages in Devipatan Division of Uttar Pradesh. Approximate value of the Project is Rs 952 crore.

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