PNCINFRA

Oct 13 (Reuters) - PNC Infratech Ltd PNCI.NS:

• PNC INFRATECH LTD - INCORPORATED SUBSIDIARY PNC RENEWABLE ENERGY

Source text: ID:nBSEcdMWDY

Further company coverage: PNCI.NS

(([email protected];))

** Construction firm PNC Infratech PNCI.NS rises as much as 4.25% to 319.7 rupees

** Co chosen for a bridge and road construction project in the state of Bihar, valued at 4.96 billion rupees ($56.23 million)

** The project is scheduled to be completed within three years

** YTD, PNCI stock down ~7%

($1 = 88.2160 Indian rupees)

(Reporting by Ananta Agarwal in Bengaluru)

(([email protected]))

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

• PNC INFRATECH LTD - RECEIVES LOA FOR BRIDGE AND ROAD PROJECT IN BIHAR

• PNC INFRATECH LTD - PROJECT VALUED AT 4.96 BILLION RUPEES

Source text: ID:nBSEc21GB2

Further company coverage: PNCI.NS

(([email protected];))

Sept 18 (Reuters) - PNC Infratech Ltd PNCI.NS:

• PNC INFRATECH - RECEIPT OF FROVISIONAL COMPLETION CERTIFICATE FOR PROJECT EXECUTED BY UNIT

Source text: ID:nnAZN4JIZB6

Further company coverage: PNCI.NS

(([email protected];))

** India's PNC Infratech PNCI.NS rises as much as 6.7% to two-month high of 325 rupees

** An Indian competition watchdog approves company's proposal to acquire construction company Jaiprakash Associates JAIA.NS

** About 2.9 milion shares of PNCI change hands so far, ~9x of 30-day daily average volume

** Fourteen analysts, which track the company, have avg rating of "buy"; median PT at 378 rupees

** YTD, stock down 2.6%

(Reporting by Vivek Kumar M)

(([email protected];))

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

• SUBSIDIARY RECEIVES APPOINTED DATE FOR HIGHWAY PROJECT

Source text: ID:nNSE4yPXx7

Further company coverage: PNCI.NS

(([email protected];))

** Shares of PNC Infratech PNCI.NS up 1.6% to 310 rupees

** Construction co declared lowest bidder for a tender worth 4.96 bln rupees ($56.7 mln)

** Tender for construction of high level bridge and approach road in eastern Indian state of Bihar

** Stock set to rise most in a session since July 29

** Avg rating of 16 analysts is "buy" and median PT is 378 rupees, ~22% higher than current price - data compiled by LSEG

** YTD, down ~7%

($1 = 87.5060 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru)

(([email protected]; +91 8697274436;))

** PNC Infratech PNCI.NS rises 2.7% to 312 rupees, their biggest intraday pct-gain since late July

** Construction co wins contract worth 2.97 billion rupees ($33.94 million) from Airports Authority of India for extension of runway at Varanasi airport

** Stock rated "buy" on avg; median PT is 378 rupees - data compiled by LSEG

** Stock down 8.9% YTD

($1 = 87.5060 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru)

(([email protected]))

** 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

(([email protected];))

** 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)

(([email protected];))

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

(([email protected];))

** Shares of PNC Infratech PNCI.NS gain 10.7% to 316.8 rupees

** Stock set for biggest one-day rise since December 2024, if gains hold

** Construction co forecasts over 20% rev growth in FY26; targets 150 billion rupees ($1.75 billion) order inflows

** ICICI Securities says co unlocking 20 bln rupees surplus cash via asset monetisation by H1FY26, will help it pursue more infra projects; maintains "Add" rating, hikes TP by 9.5% to 294 rupees

** Co's Q4 net profit plunged 81% Y/Y, hurt by lower orders and delayed execution; rev dropped 34%

** Avg rating on stock is "buy"; median PT is 381 rupees - data compiled by LSEG

** Stock down 5% YTD

($1 = 85.9040 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru)

(([email protected]))

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

(([email protected];;))

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

(([email protected];;))

** 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)

(([email protected];))

** 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:

• GETS LETTERS OF ACCEPTANCE FOR PROJECTS WORTH 22.68 BILLION RUPEES, 23.62 BILLION RUPEES

Source text for Eikon: ID:nBSE9WByK2

Further company coverage: PNCI.NS

(([email protected];;))

** 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

(([email protected];;))

** Shares of GR Infraprojects GINF.NS rise as much 4.4% to 1,715 rupees

** Stock among top gainers on Nifty midcap 50 index .NIMDCP50, which is up 0.53%

** The construction and engineering co said on Wednesday it got a letter of acceptance worth 9.04 bln rupees (~$108 mln)

** Order from Maharashtra Metro Rail Corp for design and construction of elevated metro viaduct

** Nine analysts covering the stock have a "hold" rating; median PT is 1,615 rupees - LSEG data

** Stock up 48% so far this year vs a 22% rise in rival PNC Infratech's PNCI.NS shares and a 78% jump in HG Infra HGIN.NS

($1 = 83.9550 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

(([email protected];;))

** 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

(([email protected];))

** 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)

(([email protected];))

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

(([email protected];))