PNCINFRA

** PNC Infratech PNCI.NS rises 3.4% to 309 rupees; marks biggest intraday pct gain since June 5

** Infrastructure co declared lowest bidder by South Eastern Coalfields (SELC) for mining in Chhattisgarh

** Contract value at 29.57 bln rupees ($340.5 mln)

** Stock sees busiest session since July 17, with more than 645,112 shares traded - 27.3x of 30-day avg

** YTD, PNCI falls 7.5%

($1 = 86.8550 Indian rupees)

(Reporting by Rudra Pratap Singh in Bengaluru)

(([email protected]))

July 28 (Reuters) - PNC Infratech Ltd PNCI.NS:

• CO LOWEST BIDDER FOR PROJECT VALUED AT 29.57 BILLION RUPEES

Source text: ID:nBSEbT78DT

Further company coverage: PNCI.NS

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** Shares of PNC Infratech Ltd PNCI.NS rise as much as 6.6% to 331.8 rupees
** Infrastructure company emerged as lowest bidder in tender issued by NHPC Ltd NHPC.NS for setting up of inter-state transmission system (ISTS) connected solar power projects
** Out of total capacity, company awarded 300 MW ISTS-connected solar power project with 150 MW/600 MWh energy storage system at a tariff of 3.13 rupees/kWh
** Stock on track to gain for fourth straight day
** More than 3.8 mln shares traded as of 9:39 a.m. IST, 3.8x their 30-day moving avg
** Mean rating of stock is 'buy'; their median PT is 373.5 rupees - data compiled by LSEG
** PNCI last up 4.7%, cutting YTD losses to 6.7%

(Reporting by Meenakshi Maidas in Bengaluru)

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July 16 (Reuters) - PNC Infratech Ltd PNCI.NS:

• PNC INFRATECH LTD- EMERGED AS ONE OF LOWEST BIDDERS IN TENDER FLOATED BY NHPC

• PNC INFRATECH LTD- ORDER FOR CONSIDERATION OF 3.13 RUPEES/KWH

Source text: [ID:]

Further company coverage: PNCI.NS

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April 22 (Reuters) - PNC Infratech Ltd PNCI.NS:

• WINS EPC PROJECT FOR FLYOVER IN BHARATPUR

• PROJECT QUOTED PRICE IS 2.40 BILLION RUPEES

Source text: ID:nBSE7c2jd6

Further company coverage: PNCI.NS

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Feb 10 (Reuters) - PNC Infratech Ltd PNCI.NS:

• DEC-QUARTER CONSOL NET PAT 813.9 MILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 14.7 BILLION RUPEES

Source text: ID:nBSEyrj61

Further company coverage: PNCI.NS

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** Shares of PNC Infratech PNCI.NS climb as much as 12.4% to 347.9 rupees; on track for best day in over six months

** Infra development firm completed its Hathras Highways project under the National Highways Authority of India

** Co now eligible for early completion bonus worth 44.3 mln rupees ($522,051.67); overall project cost is at 7.38 bln rupees

** PNCI eyes busiest trading session since late May, with volumes at 17.7x the 30-day avg

** Analysts' avg rating on stock is "buy", median PT is 400 rupees - LSEG data

** Stock last up 9.7%, trimming YTD losses to 3.3%

($1 = 84.8575 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** HG Infra Engineering HGIN.NS adds 2% to 1,357.50 rupees

** Co gets project from Gujarat Urja Vikas Nigam to set up 250MW/500 MWH battery energy storage system in the western state

** HGIN did not disclose any financial details

** Stock rated "strong buy" on avg vs peers PNC Infratech PNCI.NS and Ashoka Buildcon's ABDL.NS "buy" rating - LSEG

** HGIN's median PT is 1,779 rupees

** YTD, stock up ~60% vs ABDL's ~83% gain; PNCI down 17%

(Reporting by Dimpal Gulwani in Bengaluru)

(([email protected]))

** Shares of PNC Infratech PNCI.NS fall as much as 7.1% to 295.55 rupees, hitting their lowest since May 2023; last down ~4%

** Construction co reports a ~44% fall in Sept-qtr consol profit after tax to 834.6 million rupees ($9.9 million) while rev from ops fell 25%

** Avg rating of 14 analysts covering PNCI at "buy" while peers HG Infra Engineering HGIN.NS and G R Infraprojects GINF.NS rated "strong buy" and "hold", respectively

** PNCI's median PT is at 525 rupees - LSEG data

** Stock down ~13% so far this year vs a ~41% and ~36% rise in HGIN and GINF, respectively

($1 = 84.3930 Indian rupees)

(Reporting by Dimpal Gulwani in Bengaluru)

(([email protected]))

** Shares of PNC Infratech PNCI.NS fall an exchange-allowed maximum of 20% to 366.80 rupees, hitting their lowest level since Jan. 10

** PNCI says Indian road and transport ministry has barred co from participating in any tender process of the ministry for one year

** Action comes after India's crime-fighting agency (CBI) filed a charge sheet against co earlier this year

** Stock set for its worst day since March 2020

** Nearly 5 mln shares traded, 6.5x their 30-day avg

(Reporting by Nishit Navin in Bengaluru)

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** Shares of construction and engineering co PNC Infratech PNCI.NS rise 5.1% to 469 rupees

** Co received two orders worth 22.68 bln rupees ($270 mln) and 23.62 bln rupees, respectively

** Both orders are for construction and engineering purposes from Maharashtra State Road Development Corp

** Fifteen analysts covering stock on avg have a "buy" rating; median PT is 563 rupees - LSEG data

** Stock up 28% YTD up to last close vs a 74% and 84% gain, respectively, for HG Infra Engineering HGIN.NS and Ashoka Buildcon ABDL.NS

($1 = 84.0630 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)

(([email protected] ; ( +91 8078332441))

Oct 15 (Reuters) - PNC Infratech Ltd PNCI.NS:

• INCORPORATED SUBSIDIARY AS SPECIAL PURPOSE VEHICLE TO EXECUTE NEW PROJECT

Source text for Eikon: ID:nBSE8FYlV3

Further company coverage: PNCI.NS

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** Shares of PNC Infratech Ltd PNCI.NS rise as much as 4% to 458 rupees

** Construction co receives letter of acceptance for project at contract value of 20.4 bln rupees ($242.7 mln)

** Contract from the City & Industrial Development Corporation of Maharashtra (CIDCO) includes development of roads and electrical works

** Stock on track to snap 2 months of losses; gained 2.3% so far this month

** More than 917,000 shares traded as of 9:31 a.m. IST, vs 30-day moving avg of 525,564 shares

** Mean rating of 15 analysts rating the stock is 'buy'; their median PT is 563 rupees - LSEG data

** PNCI last up 3.2%, adding to YTD gains of 29.3% so far

($1 = 84.0610 Indian rupees)

(Reporting by Meenakshi Maidas in Bengaluru)

(([email protected];))

Oct 11 (Reuters) - PNC Infratech Ltd PNCI.NS:

• GETS LETTER OF ACCEPTANCE FOR PROJECT WORTH 20.40 BILLION RUPEES

Source text for Eikon: ID:nNSEbq9DxC

Further company coverage: PNCI.NS

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** Shares of PNC Infratech PNCI.NS rise 5.2% to 451 rupees

** Construction and engineering co said on Wednesday it was won a project worth 20.91 bln rupees ($249.1 mln)

** Order from City and Industrial Development Corp of Maharashtra for construction of road and other structures

** More than 1 mln shares change hands, 2.2x its 30-day avg

** Avg rating of 15 analysts is a 'buy;' their median PT is 563 rupees - LSEG data

** Stock up 22% so far this year

($1 = 83.9430 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)

(([email protected] ; ( +91 8078332441))

Oct 9 (Reuters) - PNC Infratech Ltd PNCI.NS:

• DECLARED L1 BIDDER FOR PROJECT WORTH 20.91 BILLION RUPEES

Source text for Eikon: [ID:]

Further company coverage: PNCI.NS

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** Shares of G R Infraprojects GINF.NS rise 4.5% to 1,741 rupees, highest since early Aug

** Engineering and construction co is lowest bidder at 9.04 bln rupees ($108.2 mln) for tender to build metro viaduct

** Avg rating of nine analysts on GINF is "hold"; median PT 1,615 rupees -LSEG data

** Stock now up ~52% YTD, more than PNC Infratech PNCI.NS (~24%) but trailing HG Infra HGIN.NS (~81%)

($1 = 83.5470 Indian rupees)

(Reporting by Dimpal Gulwani in Bengaluru)

(([email protected]))

Aug 27 (Reuters) - PNC Infratech Ltd PNCI.NS:

• DECLARED AS L-1 BIDDER BY NATIONAL HIGHWAYS AUTHORITY OF INDIA

• BID PROJECT COST OF 3.8 BILLION RUPEES

Source text for Eikon: ID:nBSE3JWwLS

Further company coverage: PNCI.NS

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** Shares of G R Infraprojects GINF.NS fall 4.8% to 1,686 rupees, set for worst day in nearly two months

** Engineering and construction co posts a 50% fall in June-quarter consol net profit while rev from ops drops 18%

** Avg rating of nine analysts covering the stock at "hold"; median PT is 1,584.50 rupees

** Stock up ~47% YTD vs a ~40% and ~87% jump in rivals PNC Infratech PNCI.NS and HG Infra Engineering HGIN.NS, respectively

(Reporting by Dimpal Gulwani in Bengaluru)

(([email protected]))

** Indian road developers must work to diversify across segments since "their ability to win adequate road orders at desired margins" is "under question", says brokerage Nuvama

** Brokerage flags high competition and ordering activity lull in first two months of FY25

** Road construction declined 12% y/y in April-May period with no new projects from National Highways Authority of India (NHAI) - note

** Nuvama says interim budget's 3% y/y rise in road capex is "muted" and "accentuates the concerns on road awards"

** Brokerage prefers PNC Infratech PNCI.NS for "robust balance sheet", stock up 2.2% on the day

** Rivals IRB Infrastructure Developers IRBI.NS and Dilip Buildcon DIBL.NS up 0.4% and 0.8% respectively

** Road capex allocation in July budget to "watch out for"; with elections behind, muted road ordering trend seen in FY24 may change by end-FY25 - note

(Reporting by Hritam Mukherjee in Bengaluru)

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June 19 (Reuters) - PNC Infratech Ltd PNCI.NS:

• FOUR OFFICIALS OF COMPANY WERE DETAINED BY CBI IN THEIR CUSTODY

• OFFICIALS HAVE NOW BEEN RELEASED AND SENT FOR JUDICIAL REMAND

• OPERATIONS OF COMPANY FUNCTIONING WITHOUT ANY IMPEDIMENT AND CONTINUE TO REMAIN FLUENT

Further company coverage: PNCI.NS

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** Shares of PNC Infratech PNCI.NS fall 8% to 479 rupees

** Co said that the Central Bureau of Investigation conducted searches at the residences of co's MD, wholetime director, and its corporate office in Agra

** The searches at these locations led to the arrest of four company employees, co adds

** Co's MD and wholetime director were not arrested but they have been summoned to appear before the CBI in New Delhi

** Searches in connection with bribery case involving 1 mln rupees ($11,976.77)

** Stock heads for third consecutive session of losses, if trend holds

** Stock has risen ~38% YTD

($1 = 83.4950 Indian rupees)

(Reporting by Yagnoseni Das in Bengaluru)

(([email protected]))

June 10 (Reuters) - PNC Infratech Ltd PNCI.NS:

• PNC INFRATECH - CLARILICATION ON NEWS ARTICLE "CBL ARRESTS NHAI CM, 6 OTHERS FOR RS 10 LAKH BRIBERY CASE IN MADHYA PRADESH"

• PNC INFRATECH LTD - CBI CONDUCTED A SEARCH AT RESIDENCE OF MD AND WHOLE-TIME DIRECTOR OF CO AND ALSO AT CORPORATE OFFICE, AT AGRA

• PNC INFRATECH - SEARCH BY CENTRAL BUREAU OF INVESTIGATION IS COMPLETED AT ALL OF CO'S LOCATIONS NOW

• PNC INFRATECH LTD - Y K JAIN AND T R RAO WERE NOT ARRESTED AS APPEARING IN NEWS MEDIA ITEM

• PNC INFRATECH - SUMMON HAS BEEN SERVED ON Y K JAIN, MD TO APPEAR BEFORE CBI OFFICE

Source text for Eikon: [ID:]

Further company coverage: PNCI.NS

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May 28 (Reuters) - PNC Infratech Ltd PNCI.NS:

• PNC INFRATECH LTD - RECEIVED 563.9 MILLION RUPEES AS BONUS FOR EARLY COMPLETION OF ONE EPC PROJECT

Source text for Eikon: ID:nNSE22Dmd9

Further company coverage: PNCI.NS

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** Shares of PNC Infratech PNCI.NS up 2%, on pace to snap a four-day losing run

** PNC gets 1.15 bln rupees ($13.8 mln) as part of a contract dispute settlement between its unit and National Highways Authority of India

** Stock had lost ~6.5% over past four days, but is still up 26% YTD, incl session's gains

** YTD, its peers KNR Constructions KNRL.NS and J Kumar Infraprojects JKIP.NS have risen 1.7% and 6%, respectively

** Analysts avg rating on PNCI is "buy" - LSEG data

(Reporting by Navamya Ganesh Acharya in Bengaluru)

(([email protected]; +91 8805175330 ;))

March 7 (Reuters) - PNC Infratech Ltd PNCI.NS:

• EXECUTION OF CONCESSION AGREEMENT FOR A HAM PROJECT WITH M.P. ROAD DEVELOPMENT CORPORATION

Source text for Eikon: ID:nBSE2DhXjc

Further company coverage: PNCI.NS

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** Shares of PNC Infratech PNCI.NS up as much as 4.9%, hitting record high of 469 rupees

** PNCI has been awarded 6.99 bln rupees ($84.3 million)project to build a 4-lane elevated flyover in the state of Madhya Pradesh

** Stock has been trading above its 200-day moving avg since late November

** Stock heads for third consecutive session of gains, if trend holds

** Average rating of 14 analysts tracking PNCI is "buy", median PT is 506.5 rupees - LSEG data

** Including session gains, PNCI is up 29.3% YTD after rising about 22% in 2023

($1 = 82.8860 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru)

(([email protected]; +91 8805175330 ;))

** Shares of PNC Infratech PNCI.NS up 4.2% to 459 rupees

** Construction co's qtrly profit rose 32%, rev up 13.5%

** More than 1 mln shares traded, roughly the same as 30-day avg

** Avg rating of 14 analysts covering the stock is "Strong Buy"; their median PT is 432 rupees - LSEG

** Stock rose 21.8% in 2023, its third straight year of gains

(Reporting by Aleef Jahan in Bengaluru)

(([email protected]))

** Shares of PNC Infratech PNCI.NS up 2% at 413.20 rupees

** PNC awarded 11.74 bln rupees ($141 mln) project to build a 4-lane bypass in Madhya Pradesh state

** Stock on track for a seventh session of gains in a row, incl on plans to sell stake in 12 SPVs

** More than 1.3 mln shares traded, higher than 30-day avg but tracking in-line with vol jump in last six sessions

** Average rating of 14 analysts tracking the stock is "buy", median PT is 432 rupees - LSEG data

($1 = 83.1325 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru)

(([email protected]; +91 8805175330 ;))

** Shares of PNC Infratech Ltd PNCI.NS rise as much as 10.6% to a record high of 427.9 rupees

** The infrastructure construction firm says PNC Infratech and its unit agreed to sell their 100% stake in 12 special purpose vehicles (SPV) to Highway lnfrastructure Trust

** Enterprise value of the transaction is 90.06 bln rupees ($1.09 bln) - PNC Infratech

** Stock on track to gain for sixth straight day, if current trend holds

** Stock trading above 50-, 200-day simple moving average since Dec 21, after co achieved financial closure for 3 highway projects

** More than 5.1 mln shares traded so far this week already, over 5.8 mln shares traded last week

** Eight of 14 brokerages rate the stock "strong buy" and rest "buy"; their median PT is 432 rupees, slightly higher than current record high - LSEG data

** Stock gained 21.9% in 2023

(Reporting by Meenakshi Maidas in Bengaluru)

(([email protected];))