PNCINFRA

March 31 (Reuters) - PNC Infratech Ltd PNCI.NS:

• DEVENDRA KUMAR AGARWAL RESIGNS AS CFO

Source text: ID:nBSE4TMV6H

Further company coverage: PNCI.NS

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Feb 9 (Reuters) - PNC Infratech Ltd PNCI.NS:

• PNC INFRATECH LTD DEC-QUARTER CONSOL NET PAT 767.5 MILLION RUPEES

• PNC INFRATECH LTD DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 12 BILLION RUPEES

Source text: ID:nBSE1kFSsx

Further company coverage: PNCI.NS

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Rewrites with statement from Adani Enterprises

By Gopika Gopakumar

MUMBAI, Nov 19 (Reuters) - India's Adani Enterprises ADEL.NS said on Wednesday that creditors of Jaiprakash Associates JAIA.NS have approved its takeover proposal for the bankrupt infrastructure group.

Earlier in the day, Reuters, citing two officials, reported that the creditors, mostly Indian banks, opted for Adani's 135-billion-rupee ($1.53 billion) bid over Vedanta's VDAN.NS higher 170-billion-rupee offer because it included larger upfront payments preferred by stakeholders.

Adani Enterprises did not disclose the value of its offer in its statement.

Besides Adani and Vedanta, other bidders included Dalmia Bharat DALB.NS, Jindal Power JDPO.BO and PNC Infratech PNCI.NS. Controlling shareholder Manoj Gaur also submitted a last-minute bid, which was later withdrawn, the report said.

Jaiprakash Associates, once one of India's largest infrastructure conglomerates, owes creditors 550 billion rupees. Insolvency proceedings under India's bankruptcy laws were initiated last June, making it one of the biggest ongoing bankruptcy cases in the country.

Vedanta's bid entailed a five-year payment timeline, significantly longer than the 1.5-2 years proposed by Adani, swaying creditor preferences, one of the officials said.

"Creditors have voted in favor of Adani. Now the committee of creditors (CoC) will take a final decision, likely reaffirming this outcome, and submit it to the National Company Law Tribunal (NCLT)," one of them added.

The National Asset Reconstruction Company (NARCL), which acquired Jaiprakash's loans from a lender consortium led by State Bank of India SBI.NS, leads the list of claimants in the ongoing resolution process.

Emails sent to Manoj Gaur and NARCL were not immediately answered.

A spokesperson from Vedanta had said the company respects the CoC's "commercial discretion".

($1 = 88.5350 Indian rupees)

(Reporting by Gopika Gopakumar; Editing by Sonia Cheema)

((Gopika.Gopakumar@thomsonreuters.com;))

Oct 13 (Reuters) - PNC Infratech Ltd PNCI.NS:

• PNC INFRATECH LTD - INCORPORATED SUBSIDIARY PNC RENEWABLE ENERGY

Source text: ID:nBSEcdMWDY

Further company coverage: PNCI.NS

((reuters.briefs@thomsonreuters.com;))

** Construction firm PNC Infratech PNCI.NS rises as much as 4.25% to 319.7 rupees

** Co chosen for a bridge and road construction project in the state of Bihar, valued at 4.96 billion rupees ($56.23 million)

** The project is scheduled to be completed within three years

** YTD, PNCI stock down ~7%

($1 = 88.2160 Indian rupees)

(Reporting by Ananta Agarwal in Bengaluru)

((Ananta.Agarwal@thomsonreuters.com))

Sept 19 (Reuters) - PNC Infratech Ltd PNCI.NS:

• PNC INFRATECH LTD - RECEIVES LOA FOR BRIDGE AND ROAD PROJECT IN BIHAR

• PNC INFRATECH LTD - PROJECT VALUED AT 4.96 BILLION RUPEES

Source text: ID:nBSEc21GB2

Further company coverage: PNCI.NS

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Sept 18 (Reuters) - PNC Infratech Ltd PNCI.NS:

• PNC INFRATECH - RECEIPT OF FROVISIONAL COMPLETION CERTIFICATE FOR PROJECT EXECUTED BY UNIT

Source text: ID:nnAZN4JIZB6

Further company coverage: PNCI.NS

((reuters.briefs@thomsonreuters.com;))

** India's PNC Infratech PNCI.NS rises as much as 6.7% to two-month high of 325 rupees

** An Indian competition watchdog approves company's proposal to acquire construction company Jaiprakash Associates JAIA.NS

** About 2.9 milion shares of PNCI change hands so far, ~9x of 30-day daily average volume

** Fourteen analysts, which track the company, have avg rating of "buy"; median PT at 378 rupees

** YTD, stock down 2.6%

(Reporting by Vivek Kumar M)

((VivekKumar.M@thomsonreuters.com;))

Sept 10 (Reuters) - PNC Infratech Ltd PNCI.NS:

• SUBSIDIARY RECEIVES APPOINTED DATE FOR HIGHWAY PROJECT

Source text: ID:nNSE4yPXx7

Further company coverage: PNCI.NS

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** Shares of PNC Infratech PNCI.NS up 1.6% to 310 rupees

** Construction co declared lowest bidder for a tender worth 4.96 bln rupees ($56.7 mln)

** Tender for construction of high level bridge and approach road in eastern Indian state of Bihar

** Stock set to rise most in a session since July 29

** Avg rating of 16 analysts is "buy" and median PT is 378 rupees, ~22% higher than current price - data compiled by LSEG

** YTD, down ~7%

($1 = 87.5060 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru)

((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))

** PNC Infratech PNCI.NS rises 2.7% to 312 rupees, their biggest intraday pct-gain since late July

** Construction co wins contract worth 2.97 billion rupees ($33.94 million) from Airports Authority of India for extension of runway at Varanasi airport

** Stock rated "buy" on avg; median PT is 378 rupees - data compiled by LSEG

** Stock down 8.9% YTD

($1 = 87.5060 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru)

((aleefjahan.cs@thomsonreuters.com))

** PNC Infratech PNCI.NS rises 3.4% to 309 rupees; marks biggest intraday pct gain since June 5

** Infrastructure co declared lowest bidder by South Eastern Coalfields (SELC) for mining in Chhattisgarh

** Contract value at 29.57 bln rupees ($340.5 mln)

** Stock sees busiest session since July 17, with more than 645,112 shares traded - 27.3x of 30-day avg

** YTD, PNCI falls 7.5%

($1 = 86.8550 Indian rupees)

(Reporting by Rudra Pratap Singh in Bengaluru)

((rudrapratap.singh@thomsonreuters.com))

July 28 (Reuters) - PNC Infratech Ltd PNCI.NS:

• CO LOWEST BIDDER FOR PROJECT VALUED AT 29.57 BILLION RUPEES

Source text: ID:nBSEbT78DT

Further company coverage: PNCI.NS

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** Shares of PNC Infratech Ltd PNCI.NS rise as much as 6.6% to 331.8 rupees
** Infrastructure company emerged as lowest bidder in tender issued by NHPC Ltd NHPC.NS for setting up of inter-state transmission system (ISTS) connected solar power projects
** Out of total capacity, company awarded 300 MW ISTS-connected solar power project with 150 MW/600 MWh energy storage system at a tariff of 3.13 rupees/kWh
** Stock on track to gain for fourth straight day
** More than 3.8 mln shares traded as of 9:39 a.m. IST, 3.8x their 30-day moving avg
** Mean rating of stock is 'buy'; their median PT is 373.5 rupees - data compiled by LSEG
** PNCI last up 4.7%, cutting YTD losses to 6.7%

(Reporting by Meenakshi Maidas in Bengaluru)

((meenakshi.maidas@thomsonreuters.com;))

July 16 (Reuters) - PNC Infratech Ltd PNCI.NS:

• PNC INFRATECH LTD- EMERGED AS ONE OF LOWEST BIDDERS IN TENDER FLOATED BY NHPC

• PNC INFRATECH LTD- ORDER FOR CONSIDERATION OF 3.13 RUPEES/KWH

Source text: [ID:]

Further company coverage: PNCI.NS

((reuters.briefs@thomsonreuters.com;))

** Shares of PNC Infratech PNCI.NS gain 10.7% to 316.8 rupees

** Stock set for biggest one-day rise since December 2024, if gains hold

** Construction co forecasts over 20% rev growth in FY26; targets 150 billion rupees ($1.75 billion) order inflows

** ICICI Securities says co unlocking 20 bln rupees surplus cash via asset monetisation by H1FY26, will help it pursue more infra projects; maintains "Add" rating, hikes TP by 9.5% to 294 rupees

** Co's Q4 net profit plunged 81% Y/Y, hurt by lower orders and delayed execution; rev dropped 34%

** Avg rating on stock is "buy"; median PT is 381 rupees - data compiled by LSEG

** Stock down 5% YTD

($1 = 85.9040 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru)

((aleefjahan.cs@thomsonreuters.com))

April 22 (Reuters) - PNC Infratech Ltd PNCI.NS:

• WINS EPC PROJECT FOR FLYOVER IN BHARATPUR

• PROJECT QUOTED PRICE IS 2.40 BILLION RUPEES

Source text: ID:nBSE7c2jd6

Further company coverage: PNCI.NS

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Feb 10 (Reuters) - PNC Infratech Ltd PNCI.NS:

• DEC-QUARTER CONSOL NET PAT 813.9 MILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 14.7 BILLION RUPEES

Source text: ID:nBSEyrj61

Further company coverage: PNCI.NS

((Reuters.Briefs@thomsonreuters.com;;))

** Shares of PNC Infratech PNCI.NS climb as much as 12.4% to 347.9 rupees; on track for best day in over six months

** Infra development firm completed its Hathras Highways project under the National Highways Authority of India

** Co now eligible for early completion bonus worth 44.3 mln rupees ($522,051.67); overall project cost is at 7.38 bln rupees

** PNCI eyes busiest trading session since late May, with volumes at 17.7x the 30-day avg

** Analysts' avg rating on stock is "buy", median PT is 400 rupees - LSEG data

** Stock last up 9.7%, trimming YTD losses to 3.3%

($1 = 84.8575 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

((Manvi.Pant@thomsonreuters.com; +918447554364;))

** HG Infra Engineering HGIN.NS adds 2% to 1,357.50 rupees

** Co gets project from Gujarat Urja Vikas Nigam to set up 250MW/500 MWH battery energy storage system in the western state

** HGIN did not disclose any financial details

** Stock rated "strong buy" on avg vs peers PNC Infratech PNCI.NS and Ashoka Buildcon's ABDL.NS "buy" rating - LSEG

** HGIN's median PT is 1,779 rupees

** YTD, stock up ~60% vs ABDL's ~83% gain; PNCI down 17%

(Reporting by Dimpal Gulwani in Bengaluru)

((dimpal.gulwani@thomsonreuters.com))

** Shares of PNC Infratech PNCI.NS fall as much as 7.1% to 295.55 rupees, hitting their lowest since May 2023; last down ~4%

** Construction co reports a ~44% fall in Sept-qtr consol profit after tax to 834.6 million rupees ($9.9 million) while rev from ops fell 25%

** Avg rating of 14 analysts covering PNCI at "buy" while peers HG Infra Engineering HGIN.NS and G R Infraprojects GINF.NS rated "strong buy" and "hold", respectively

** PNCI's median PT is at 525 rupees - LSEG data

** Stock down ~13% so far this year vs a ~41% and ~36% rise in HGIN and GINF, respectively

($1 = 84.3930 Indian rupees)

(Reporting by Dimpal Gulwani in Bengaluru)

((dimpal.gulwani@thomsonreuters.com))

** Shares of PNC Infratech PNCI.NS fall an exchange-allowed maximum of 20% to 366.80 rupees, hitting their lowest level since Jan. 10

** PNCI says Indian road and transport ministry has barred co from participating in any tender process of the ministry for one year

** Action comes after India's crime-fighting agency (CBI) filed a charge sheet against co earlier this year

** Stock set for its worst day since March 2020

** Nearly 5 mln shares traded, 6.5x their 30-day avg

(Reporting by Nishit Navin in Bengaluru)

((nishit.navin@thomsonreuters.com;))

** Shares of construction and engineering co PNC Infratech PNCI.NS rise 5.1% to 469 rupees

** Co received two orders worth 22.68 bln rupees ($270 mln) and 23.62 bln rupees, respectively

** Both orders are for construction and engineering purposes from Maharashtra State Road Development Corp

** Fifteen analysts covering stock on avg have a "buy" rating; median PT is 563 rupees - LSEG data

** Stock up 28% YTD up to last close vs a 74% and 84% gain, respectively, for HG Infra Engineering HGIN.NS and Ashoka Buildcon ABDL.NS

($1 = 84.0630 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)

((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))

Oct 15 (Reuters) - PNC Infratech Ltd PNCI.NS:

• GETS LETTERS OF ACCEPTANCE FOR PROJECTS WORTH 22.68 BILLION RUPEES, 23.62 BILLION RUPEES

Source text for Eikon: ID:nBSE9WByK2

Further company coverage: PNCI.NS

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** Shares of PNC Infratech Ltd PNCI.NS rise as much as 4% to 458 rupees

** Construction co receives letter of acceptance for project at contract value of 20.4 bln rupees ($242.7 mln)

** Contract from the City & Industrial Development Corporation of Maharashtra (CIDCO) includes development of roads and electrical works

** Stock on track to snap 2 months of losses; gained 2.3% so far this month

** More than 917,000 shares traded as of 9:31 a.m. IST, vs 30-day moving avg of 525,564 shares

** Mean rating of 15 analysts rating the stock is 'buy'; their median PT is 563 rupees - LSEG data

** PNCI last up 3.2%, adding to YTD gains of 29.3% so far

($1 = 84.0610 Indian rupees)

(Reporting by Meenakshi Maidas in Bengaluru)

((meenakshi.maidas@thomsonreuters.com;))

Oct 11 (Reuters) - PNC Infratech Ltd PNCI.NS:

• GETS LETTER OF ACCEPTANCE FOR PROJECT WORTH 20.40 BILLION RUPEES

Source text for Eikon: ID:nNSEbq9DxC

Further company coverage: PNCI.NS

((Reuters.Briefs@thomsonreuters.com;;))

** Shares of PNC Infratech PNCI.NS rise 5.2% to 451 rupees

** Construction and engineering co said on Wednesday it was won a project worth 20.91 bln rupees ($249.1 mln)

** Order from City and Industrial Development Corp of Maharashtra for construction of road and other structures

** More than 1 mln shares change hands, 2.2x its 30-day avg

** Avg rating of 15 analysts is a 'buy;' their median PT is 563 rupees - LSEG data

** Stock up 22% so far this year

($1 = 83.9430 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)

((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))

Oct 9 (Reuters) - PNC Infratech Ltd PNCI.NS:

• DECLARED L1 BIDDER FOR PROJECT WORTH 20.91 BILLION RUPEES

Source text for Eikon: [ID:]

Further company coverage: PNCI.NS

((Reuters.Briefs@thomsonreuters.com;;))

** Shares of G R Infraprojects GINF.NS rise 4.5% to 1,741 rupees, highest since early Aug

** Engineering and construction co is lowest bidder at 9.04 bln rupees ($108.2 mln) for tender to build metro viaduct

** Avg rating of nine analysts on GINF is "hold"; median PT 1,615 rupees -LSEG data

** Stock now up ~52% YTD, more than PNC Infratech PNCI.NS (~24%) but trailing HG Infra HGIN.NS (~81%)

($1 = 83.5470 Indian rupees)

(Reporting by Dimpal Gulwani in Bengaluru)

((dimpal.gulwani@thomsonreuters.com))

Aug 27 (Reuters) - PNC Infratech Ltd PNCI.NS:

• DECLARED AS L-1 BIDDER BY NATIONAL HIGHWAYS AUTHORITY OF INDIA

• BID PROJECT COST OF 3.8 BILLION RUPEES

Source text for Eikon: ID:nBSE3JWwLS

Further company coverage: PNCI.NS

((Reuters.Briefs@thomsonreuters.com;))