NHAI Bars PNC Infratech for 3 Years Over Kanpur-Lucknow Expressway Defects
NHAI penalizes PNC Infratech, barring it from bidding for 3 years. Action stems from structural defects on Kanpur-Lucknow Expressway. Source: Hindustan Times
Stock news timeline · PNCINFRA
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23 Aug 2026 – 21 Sep 2026 · Times in IST
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NHAI penalizes PNC Infratech, barring it from bidding for 3 years. Action stems from structural defects on Kanpur-Lucknow Expressway. Source: Hindustan Times
FIIs sold ₹2,977.9 crore in Indian equities as Nifty hit a 5-month low at 23,119; DIIs absorbed ₹2,686 crore. Financial, defence, and crude-linked stocks fell; IT stocks gained 3%, Tata Chemicals surged 20%, and PNC Infratech dropped 20%. Source: CNBC TV 18
PNC Infratech's stock hit a six-year low, plunging 20% to ₹140.40, following NHAI's three-year debarment of Awadh Expressway Pvt Ltd, impacting its tender participation. With an order book of ₹19,100 crore, 56% in road contracts, PNC Infra faces a bleak FY29 outlook, despite diversifying into irrigation, railways, and renewable energy. Source: Business Standard
PNC Infratech Ltd received NHAI letter extending Awadh Expressway's debarment for 3 years. Debarment restricts bids with MoRTH/NHAI; financial implications will be disclosed later. Source: BSE
PNC Infratech Ltd's 27th AGM will be held on Sep 30, 2026 via video conferencing. Key agenda includes financial statements, dividend declaration, director appointments, and auditor ratifications. Source: BSE
CARE Ratings upgraded Yamuna Highways' rating to CARE AA+ (Stable). PNC Infratech sees improved credit profile despite rated amount cut. Source: ScoutQuest