Announced Wed, 1 Jul · 19:04 IST
Subsidiary Kanpur Lucknow Expressway gets rating upgrade to CARE AA-
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
+2.4%1-day move
₹230.98
prior close
₹231.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.9-0.6-0.5-1.2+2.4+4.9+3.0+3.5+3.6+6.5+1.7———
Up moveDown movePending
AI summary
PNC Infratech has informed that CARE Ratings has upgraded the long-term bank facilities of its subsidiary Kanpur Lucknow Expressway Private Limited from CARE A (Stable) to CARE AA- (Positive). The rating applies to facilities worth Rs. 119.75 crore. This signals improved creditworthiness of the subsidiary which operates the Kanpur-Lucknow expressway project.
Likely market impact
Positive for PNC Infratech as the upgrade reflects stronger credit profile of its subsidiary, likely lowering borrowing costs and boosting investor confidence.