PNC Infratech Ltd Share Price – NSE /  BSE

Infrastructure Developers & Operators, Small Cap

PNC Infratech announced that Care Ratings has reviewed the long term bank facilities of PNC Aligarh Highways amounting to Rs 430 crore (reduced from Rs 474.38 crore) at CARE AA+ while continuing rating watch with positive implications.

Powered by Capital Market - Live News

The nature of order entails four laning of NH 530B from Gaju village to Devirragar bypass in the state of Uttar Pradesh on hybrid annuity mode (HAM) (Package- 1C).

The bid project cost stood at Rs 738 crore plus price index multiple amount as per the concession agreement.

The project's appointed date was 2 January 2023 and scheduled completion date was 31 December 2024. The company achieved 'provisional completion' (PCOD) with effect from 31 October 2024, 2 months ahead of the scheduled completion. Hence, it became eligible for early completion bonus to an extent of Rs 4.43 crore payable to concessionaire by Authority (NHAI) along with 1st annuity.

The provisional completion certificate dated 7 December 2024 declaring the project fit for entry into commercial operation with effect from 31 October 2024 has been issued by the independent engineer on 10 December 2024.

PNC Infratech is engaged in India's infrastructure development through the construction of highways including BOT (built, operate and transfer projects), HAM (Hybrid Annuity Model), airport runways, bridges, flyovers and power transmission projects, among others.

The company reported 43.57% drop in consolidated net profit to Rs 83.46 crore on 25.34% decline in revenue from operations to Rs 1,427.05 crore in Q2 FY25 over Q2 FY24.

Powered by Capital Market - Live News

Jupiter Wagons Ltd, UltraTech Cement Ltd, Titagarh Rail Systems Ltd, Latent View Analytics Ltd are among the other stocks to see a surge in volumes on BSE today, 11 December 2024.

PNC Infratech Ltd saw volume of 3.95 lakh shares by 10:46 IST on BSE, a 6.49 fold spurt over two-week average daily volume of 60830 shares. The stock increased 11.50% to Rs.346.50. Volumes stood at 57640 shares in the last session.

Jupiter Wagons Ltd saw volume of 3.44 lakh shares by 10:46 IST on BSE, a 4.85 fold spurt over two-week average daily volume of 70860 shares. The stock increased 9.02% to Rs.541.95. Volumes stood at 28299 shares in the last session.

UltraTech Cement Ltd notched up volume of 30736 shares by 10:46 IST on BSE, a 4.69 fold spurt over two-week average daily volume of 6553 shares. The stock rose 2.25% to Rs.12,010.00. Volumes stood at 2048 shares in the last session.

Titagarh Rail Systems Ltd clocked volume of 3.96 lakh shares by 10:46 IST on BSE, a 3.97 times surge over two-week average daily volume of 99876 shares. The stock gained 8.77% to Rs.1,339.55. Volumes stood at 66283 shares in the last session.

Latent View Analytics Ltd recorded volume of 1.19 lakh shares by 10:46 IST on BSE, a 3.14 times surge over two-week average daily volume of 38060 shares. The stock gained 3.97% to Rs.514.50. Volumes stood at 85650 shares in the last session.

Powered by Capital Market - Live News

PNC Infratech announced that CARE Ratings has reviewed credit rating on the long- term bank facilities (Rs 460.92 crore) of PNC Chitradurga Highways (subsidiary of the company) at CARE AA. The ratings continue to on rating watch with developing implications.

Powered by Capital Market - Live News