Skip to main content

PNC Infratech shares list at over 2% premium

Shares of PNC Infratech today listed on the stock exchanges with a premium of over 2 per cent against the issue price of Rs 378 a share. The stock debuted at Rs 381, up 0.79 per cent, on BSE. On NSE, PNC Infratech listed at Rs 387, a gain of 2.38 per cent.
 
L to R: Mr. DK Maheshwari (AVP, PNC), Mr. Yogesh K Jain (MD, PNC), Mr. Pradeep Kumar Jain (CMD, PNC), Mr. Chakresh K Jain (MD, PNC), Mr. Naveen K. Jain (Director) and Mr. Anil K. Rao (Director, PNC) at the listing ceremony of PNC Infratech Ltd. at NSE
Currently, the company commands a market valuation of Rs 1,911.22 crore.

In terms of volume, 6.66 lakh shares of the company changed hands at BSE while over 24 lakh shares were traded at NSE in the morning trade.

The initial public offer (IPO) of the Agra-based company was subscribed 1.54 times earlier this month.

The company runs projects in Rajasthan, Punjab, Haryana, Uttarakhand, Uttar Pradesh, Delhi, Bihar, West Bengal, Assam, Madhya Pradesh, Maharashtra, Karnataka and Tamil Nadu.
 
- L to R: Mr. Mohanjit Singh (ICICI Securities), Mr. DK Agarwal (CFO, PNC), Mr. Anil K. Rao (Director, PNC), Mr. Chakresh K. Jain (MD, PNC), Mr. Pradeep Kumar Jain (CMD, PNC), Mr. Naveen K. Jain (Director), Mr. Yogesh K Jain (MD, PNC), Mr. Sunil Chawla (Non-Executive Director), Mr. DK Maheshwari (AVP, PNC) and Mr. Venkatraghavan S (IDFC Securities) at the listing ceremony of PNC Infratech Ltd. at NSE   
PNC Infratech Ltd. is an Indian infrastructure construction, development and management company, with expertise in the execution of major infrastructure projects, including highways, bridges, flyovers, power transmission lines, airport runways, development of industrial areas and other infrastructure activities. It provides EPC services on a fixed-sum turnkey basis as well as on an item rate basis for various infrastructure projects. They also execute projects on a BOT (including on a DBFOT basis), operate them during the concession period on toll or annuity basis and subsequently transfer the projects. The company has executed or is executing projects across various states in India covering Rajasthan, Punjab, Haryana, Uttarakhand, Uttar Pradesh, Delhi, Bihar, West Bengal, Assam, Madhya Pradesh, Maharashtra, Karnataka and Tamil Nadu. The Company has executed 42 major infrastructure projects on an EPC basis, acquiring experience particularly in the timely execution of EPC contracts since its incorporation. They have an established track record in executing large construction projects particularly in the roads and highways and airport runways sectors. The Company’s order book in terms of total value of contracts including escalation was Rs. 78,497.00 million as on March 31, 2015 and Rs. 60,857.80 million as on March 31, 2014
Labels:

Comments

Post a Comment

Popular posts from this blog

Smallcase Platform: 2025 Wealth Creation Strategies to Achieve Your Investment Goals

  By Dr. Vikas Gupta, CEO and Chief Investment Strategist, OmniScience Capital In the intricate world of finance, wealth creation is a universal aspiration among investors, though few truly attain it. With a plethora of investment products, philosophies, and strategies available, the challenge is identifying an approach that not only offers returns but also minimizes risk. At OmniScience Capital, we believe the key to successful wealth creation lies in a scientific and disciplined investment strategy. Our unique offerings, rooted in the principles of Scientific Investing, are designed to help you achieve your financial goals with confidence. Pioneering Global Investing and Outperforming on Smallcase Platform OmniScience Capital, a global investment management firm specializing in global and Indian equities, is a pioneer in global investing and growth vectors such as Defense and Digital Transformation. Our strategies have consistently identified and capitalized on growth vectors tha...
Post a Comment
Read more

India’s Economic Slowdown: Navigating Challenges with Resilience and how planetary alignments are suggesting an optimistic economic outlook

 By Aryan Prem Rana, Founder, VRIGHT PATH GROUP (www.vrightpath.com ) India, the world’s fastest-growing major economy, faces a challenging phase as GDP growth slows. The latest figures show Q2 growth dipping to 5.4%, the lowest in seven quarters. This decline comes as 63 of the Nifty 100 companies miss revenue estimates, raising concerns about underlying economic health. Growth Engines Sputtering The economic slowdown is most pronounced in key sectors: • Manufacturing growth has dropped to 2.2%, a sharp decline from last year’s 14.3%. • Urban consumption, a cornerstone of economic growth, is weakening. Industry stalwarts such as Reliance, HUL, and Maruti have seen market corrections of 15-23%. RBI’s Balanced Approach The Reserve Bank of India (RBI) has responded with measured policies, holding the repo rate steady at 6.5% for the eleventh consecutive meeting. This neutral policy stance balances inflation control with growth needs. In a key liquidity-boosting move, the RBI redu...
Post a Comment
Read more

Press Release: Prachay Capital Limited (Company/ Issuer / Prachay Capital) Announces Public Issue of Secured NCDs

Prachay Capital Limited, an RBI-registered Non-Banking Financial Company – Investment and Credit Company (NBFC-ICC), has announced the public issue of its Secured, Rated, Redeemable Non-Convertible Debentures (NCDs) to raise up to ₹100 Crore. The BBB-/Stable CRISIL-rated NCDs offer investors a 13% p.a. return with monthly interest payments, making it a fixed-income investment opportunity. The proceeds from this issue of NCDs will be primarily used for the stated fund utilization. Speaking about the issue, Mr Girish Murlidhar Lakhotiya, Managing Director, Prachay Capital Limited said: "This NCD issue is a key step in Prachay Capital’s expansion strategy. With our focus on structured corporate lending and investment in private debt instruments, we aim to generate strong and sustainable returns for our investors while maintaining a robust financial profile. Prachay Capital has zero delays in servicing liabilities and has Gross NPA of 0% on its Assets Under Management (AUM). The Compa...
Post a Comment
Read more