Announced Sat, 1 Aug · 16:42 IST
PNC Infratech wins arbitration award of Rs 244.09 Cr against UP PWD
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
+2.0%1-day move
₹246.00
prior close
₹249.09
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.0-0.9-0.9-1.5+2.0+3.4-2.2-8.9-14.5-9.3————
Up moveDown movePending
AI summary
PNC Infratech won an arbitration award of Rs. 244.09 crore from UP PWD for an EPC project on the Sonauli to Gorakhpur section of NH 29E. The tribunal ordered the amount to be paid within 6 months, with 9 percent annual interest if delayed. Realization will positively impact the company's financials.
Likely market impact
Positive - Rs 244 Cr receivable strengthens financials; upside depends on actual collection from the UP government.