PNCINFRA

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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** HG Infra Engineering HGIN.NS rises 4.6% to 1,520.8 rupees

** Construction and engineering co gets letter of award from Ministry Of Road Transport And Highways to improve and upgrade a national highway

** Bid worth 8.99 bln rupees (~$106 mln)

** Stock rated "strong buy" on avg; median PT is 1,779 rupees - LSEG

** HGIN up 75% YTD vs rival Ashoka Buildcon's ABDL.NS two-fold surge and PNC Infratech's PNCI.NS 12% fall

($1 = 84.8590 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)

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** 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)

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** 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)

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** 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)

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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)

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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 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

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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)

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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)

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** 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)

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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)

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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)

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** 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)

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

• APPROVED COMPANY ENTERING INTO MASTER SECURITIES PURCHASE AGREEMENT WITH HIGHWAY INFRASTRUCTURE TRUST

• CO, UNIT AGREED TO SELL 100% STAKE IN ONE OR MORE TRANCHES IN TWELVE SPECIAL PURPOSE VEHICLES TO BUYER

• APPROXIMATE AGGREGATE ENTERPRISE VALUE OF ALL TARGET SPVS OF 90.06 BILLION RUPEES

Source text for Eikon: ID:nNSE5TpHKz

Further company coverage: PNCI.NS

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** Shares of PNC Infratech PNCI.NS rise as much as 4% to 359 rupees, currently trading 3.2% higher

** The infrastructure construction co said late on Friday it achieved financial closure for a highway project of 8.19 bln rupees ($98.48 mln)

** Stock set to rise for a third straight session, if gains hold

** PNCI rose for six straight weeks, gaining 9.3% during the period

** Trading vol is 1.4x the 30-day daily avg, tops 750,000 for the fourth time in Dec, and fifth time in three months

** Avg rating of the 14 analysts on PNCI is "strong buy" and median PT is 432 rupees - LSEG data

** Stock extends YTD gains to ~24%, on track to rise for third straight year

($1 = 83.1640 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru)

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** Shares of PNC Infratech PNCI.NS rise as much as 6.1%, biggest intraday pct gain since July 20

** Infra company declared lowest bidder for 11.74 bln rupees ($141.15 mln) highway project

** Stock sees most active day since Aug. 14, trading volumes at 3x the 30-day avg, as of 11:30 a.m. IST

** Stock posted five straight weeks of gains until Friday

** PNCI, however, eyes losses for this quarter

** Average rating of 16 analysts covering the stock is "strong buy," their media PT is 432 rupees - ~20% more than the current price

** Stock last up 2%, taking YTD gains to ~21%

($1 = 83.1750 Indian rupees)

(Reporitng by Nishit Navin in Bengaluru)

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PNC Infratech Ltd PNCI.NS:

• PNC INFRATECH LTD- DECLARED L1 BIDDER IN A MADHYA PRADESH ROAD DEVELOPMENT PROJECT

• PNC INFRATECH LTD- BID PROJECT COST OF 11.74 BILLION RUPEES

Source text for Eikon: ID:nBSEc0htWZ

Further company coverage: PNCI.NS

** Shares of PNC Infratech PNCI.NS rise as much as 4.40%, biggest intraday percentage gain in a month, to 342.90 rupees apiece

** Infrastructure company accepts 2.55 billion rupees ($30.58 million) offered by National Highways Authority of India (NHAI) towards dispute settlement on Dec. 13

** Trading volume is 665,827 shares as of 3:16 p.m. IST, 1.4 times the 30-day avg - LSEG data

** The mean rating of 16 analysts tracking PNCI is 1.4, which implies "buy"; median PT is 432 rupees

** Including today's gains, PNCI shares up 17.5% in 2023 so far

($1 = 83.4000 Indian rupees)

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))