PNC Infratech

The project was due on December 31, 2024, but was completed by October 31, 2024

Earlier, during its annual general meeting on September 28, 2024, the company had approved the sale of 12 road assets

The fall in PNC Infratech share price came after the company reported a weak set of numbers in the September quarter of financial year 2025 (Q2FY25)

Reliance could seek support around its 100-WMA in the run-up to the bonus record date; Whereas, PNC Infratech too has witnessed a 'Death Cross' and could slide another 21% from here on.

PNC Infratech plunged 18% to Rs 299 in intra-day trade on Tuesday, with a combined 7.25 million shares representing 2.82% of total equity having changed hands on the NSE and BSE till 09:42 AM

PNC Infra along with its arms PNC Khajuraho and PNC Bundelkhand Highways, has been disqualified from participating in any tender process by the MoRTH for a period of 1 year, starting from Oct 18.

PNC Infratech shares surged 5.45 per cent at Rs 470.40 per share on the BSE

Shares of civil construction firm PNC Infratech soared as much 6.1 per cent at Rs 467.75 per share on the BSE in Monday's intraday trade

The PNC Infratech share soared after the company announced that it has been declared at the lowest bidder for a project of Rs 2,090.59 crore from CIDCO

The PNC Infratech stock soared after the company announced that it has emerged as the lowest bidder (L-1) for a project worth Rs 380 crore.

ICICI Securities believe there could be an interim overhang until there is clarity and final decision from NHAI is taken.

The stock prices zoomed after the National Highway Authority of India (NHAI)and PNC Kanpur Highways, a subsidiary of the company, agreed to settle the amount of Rs 398.60 crore

Thus far in the current calendar year, HG Infra has zoomed nearly 90 per cent and PNC Infratech soared 44 per cent, against 2.5 per cnt rise in the S&P BSE Sensex.

National highway bid pipeline has recovered from a low of Rs 15,900 cr in December 2023 to Rs 68,400 cr in January 2024

Highway Infrastructure Trust has signed definitive agreements with PNC Infratech Ltd and PNC Infra Holdings Ltd for acquisition of 12 road projects at an enterprise value of Rs 9,005.7 crore. The target portfolio comprise 11 Hybrid Annuity (HAM) concessions from NHAI and 1 toll road concession from Uttar Pradesh State Highways Authority (UPSHA) and represents about 3,800 lane kms in the states of Rajasthan, Uttar Pradesh, Madhya Pradesh and Karnataka, Highway Infrastructure Trust (HIT) said in a statement. Out of the 12 projects, 10 projects are currently operational and balance 2 projects are under-construction, which will be acquired post commencement of operations, the trust said. "We look forward to integrating these assets into our portfolio and to continue our journey of high-quality asset management backed by world class ESG standards," said Neeraj Sanghi, Chief Executive Officer, Highway Concessions One (Investment Manager to HIT). Gaurav Chandna, Head Strategic Finance, .

PNC Infratech on Tuesday reported an 11.9 per cent increase in consolidated net profit at Rs 147.90 crore for the quarter ended September 30, 2023. The company had posted consolidated net profit (from continuing operations) of Rs 132.12 crore in the corresponding quarter of the previous financial year. The consolidated income of the company during the July-September period increased to Rs 1,932.35 crore, over Rs 1,819.15 crore in the year-ago period, PNC Infratech said in a regulatory filing. PNC Infratech is a domestic infrastructure company engaged in the execution of projects in core infrastructure sectors including expressways, highways, bridges, flyovers, airport runways, water supply, industrial area development and other infrastructure activities.

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KKR's roads Highways Infrastructure Trust is in talks to acquire a portfolio of 12 road projects from the company for an enterprise value of about Rs 9,000 crore.

The company has been declared L1 (lowest) bidder for a highway project for Ministry of Road Transport & Highways (MORT&H) with a bid project cost of Rs 819 crore

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