Page 2 - Pnc Infratech

HG Infra, PNC rally up to 13% on winning road projects in Maharashtra

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.

PNC Infratech sale could lead to valuation upgrades for road assets

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 to acquire 12 road projects for Rs 9,005 cr

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 Q2 results: Net profit rises 11.9% to Rs 147.90 crore

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.

Stocks to watch: Tata Steel, NMDC, PNC Infra, Natco Pharma, MTAR Tech

Stocks to watch on June 19, 2023: From Tata Steel to NMDC, here are the top stocks to watch in Monday's trading session

PNC Infra surges 6% amid reports of KKR unit eyeing its road assets

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.

PNC Infra rallies 8% on bagging Rs 819 crore highway project

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

Stocks to watch: L&T, Coffee Day, Tata Motors, PNC Infratech, Gati, Carysil

Stocks to watch today: From Tata Motors to Coffee Day Enterprises, here are few stocks likely to see action in Tuesday's trade

Stocks to watch: Cipla, Axis Bank, PNC Infratech, RailTel, Glenmark Pharma

Stocks to watch today: From Cipla to Axis Bank, here are top stocks to watch out in Wednesday's trading session

Analysts pick road-construction stocks on strong order book, NHAI pipeline

At the bourses, shares of HG Infra Engineering, KNR Constructions, and KEC International have surged up to 9.3 per cent since February 1

Infrastructure stocks in focus; PNC, HG Infra, Ashoka Buildcon soar upto 7%

HG Infra and PNC Infratech hit respective 52-week highs in trades so far on Monday

Insurer must pay heed to surveyor's findings

The National Commission observed that failure to carry out the impossible task of closing the road couldn't be considered a failure to take reasonable precautions

PNC Infratech bags Rs 1,458 crore order from NHAI; stock climbs 6%

The 1,458 crore Uttar Pradesh highway construction project is around 79 kilometers in length and is estimated to be constructed in 24 months

PNC Infra surges 9%, nears record high on strong order book position

As of March 31, 2021, the value of contracts under PNC Infartech's execution stood at Rs 11,648 crore

Stocks to watch: Home First Finance, Airtel, PVR, Indigo Paints, RIL

Renuka Ramnath-led Multiples Private Equity sold nearly 12 lakh shares of multiplex chain operator PVR worth Rs 179 crore through open market transactions

Stocks to watch: HCL Tech, Bharti Airtel, PVR, SAIL, IB Housing, SBI, HFCL

Voting on DHFL bids by committee of creditors ends today

PNC Infra gains 11% in 2 days after funds buy 10% stake via open market

Many institutional investors bought nearly 10 per cent stake in the road & highways company

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

PNC Infratech was up 8 per cent at Rs 189 after the company in JV with SPML Infra, announced receipt of LOA for an EPC project for 10 years of Rural Water Supply Project in UP.

In the spotlight: Growth signs visible for road infrastructure players

Analysts expect better order flows, improving labour availability and rising construction activities to boost second half performance

PNC Infratech: Order book, monetisation of HAM projects to unlock value

The company would be requiring around Rs 1,000 crore equity requirement for its HAM projects over the next three years, which would be met from internal accruals