Announced Fri, 26 Jun · 14:58 IST
PNC Infratech subsidiaries get CARE A Stable rating on Rs 1,847 Cr facilities
PNCINFRA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.2%1-day move
₹231.00
prior close
₹231.50
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.0-1.4-1.5-1.9-1.2-0.0+1.9+2.4+4.9+3.5+6.3———
Up moveDown movePending
AI summary
Care Ratings assigned CARE A with Stable outlook to long-term bank facilities of three PNC Infratech subsidiaries. Varanasi Kolkata Highway Package 6 got Rs 714.5 Cr, Package 3 got Rs 632.5 Cr, and Package 2 got Rs 500 Cr. Total bank facilities rated at about Rs 1,847 Cr. All three are fresh rating assignments, indicating new borrowing arrangements for these road project SPVs.
Likely market impact
Positive: subsidiaries secure investment-grade rating for about Rs 1,847 Cr in bank facilities, supporting road project funding.