PNC Infratech Ltd Share Price – NSE  /  BSE

Infrastructure Developers & Operators, Small Cap

The company informed that PNC Raebareli had submitted ‘Eligible Disputes’ to National Highways Authority of India (NHAI) under the ‘Vivad Se Vishwas II (Contractual Disputes)’ Scheme for Rs 107.16 crore (excluding future simple interest of 9% p.a.).

The order was for the project ‘two laning with paved shoulders of 166.44 km long Raebareli to Jaunpur section of NH-231’ project in Uttar Pradesh under NHDP IVA on BOT (annuity) basis of NHAI as the Concessionaire, seeking 'one-time settlement' under the Scheme.

The amount was later revised to Rs 114.58 crore on 30 September 2023 (excluding interest). Lastly, a settlement agreement for an amount of Rs 117.15 crore (net of TDS) had been executed between NHAI and the PRHPL on 2 April 2024.

In terms of the aforementioned settlement agreement, PRHPL received Rs 114.81 crore (net of TDS) on 15 April 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’s consolidated net profit jumped 32.4% to Rs 185 crore on 13.5% increase in net sales to Rs 2046.64 crore in Q3 FY24 over Q3 FY23.

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PNC Infratech has received affirmation in credit ratings from CARE for bank facilities of Rs 6,700 crore at CARE AA+; Stable/ CARE A1+.

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Project includes construction of western Bhopal bypass as 4- lane with paved shoulder along with service road starts from Km 424.0 to Jabalpur-Bhopal Road and end at Km 21.0 of Bhopal Dewas Road (SH-28) in the state of Madhya Pradesh on Hybrid Annuity Mode (HAM).

The bid cost of the project is Rs 1,174 crore.

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’s consolidated net profit jumped 32.4% to Rs 185 crore on 13.5% increase in net sales to Rs 2046.64 crore in Q3 FY24 over Q3 FY23.

The scrip fell 2.11% to settle at Rs 437.05 on Thursday, 7 March 2024.

The domestic market is closed today, on account of Mahashivratri.

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Shares of PNC Infratech jumped 12.33% in the past three sessions. It has risen 32% in three months and 53% in one year.

On the technical front, the stock's daily RSI (relative strength index) stood at 55.42. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30.

On the daily chart, the stock was trading above its 50-day, 100-day and 200-day simple moving average (SMA) placed at 396.66, 368.31 and 353.55, respectively. These levels will act as crucial support zones in near term.

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’s consolidated net profit jumped 32.4% to Rs 185 crore on 13.5% increase in net sales to Rs 2046.64 crore in Q3 FY24 over Q3 FY23.

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