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Showing posts with the label PNC Infratech

PNC Infratech Limited commences toll operations on Kanpur-Kabrai section of National Highway-86

PNC Kanpur Highways Limited, a wholly owned subsidiary of PNC Infratech Limited, has commenced toll operations with effect from 7th May 2015 on the Kanpur-Kabrai section of National Highway - 86. PNC Infratech was awarded the project for two-laning with paved shoulder from 7.430 km to 130.100 km in the state of Uttar Pradesh by NHAI on DBFOT basis. The total project cost was Rs. 458.5 Crore, including a grant of Rs. 123.0 Crore. The concession period for the project is 12 years from the appointed date, including 18 months construction period. The stretch has two toll collection points at Aliayapur and Khanna at 43.500 km and 105.500 km respectively.
PNC Infratech Limited is an infrastructure construction, development and management company, with expertise in execution of major infrastructure projects, including highways, bridges, flyovers, airport runways, power transmission lines, development of industrial areas and other infrastructure activities. It provides EPC services on a fixed…

PNC Infratech shares list at over 2% premium

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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. PNC Infr…

PNC Infratech Limited allots 38.62 lakh shares @ Rs. 378 aggregating to Rs. 146 crore to anchor investors

·Anchor investors include Goldman Sachs India, HDFC Trustee Co Ltd., Birla Sun Life Trustee Co. Ltd., DSP Blackrock India, Reliance Capital Trustee Co. Ltd., Reliance Mutual Fund, L&T Mutual Fund, Sundaram Mutual Fund and Kotak Mutual Fund. ·Public Offer opens on 8th May 2015 and closes on May 12, 2015 ·Price Band fixed from Rs. 355 to Rs. 378 per Equity Share

PNC Infratech Limited (“PNC INFRATECH” or our “Company” or the “Company” or the “Issuer”) has finalized the allocation of 3,861,511 equity shares to anchor investors at Rs. 378 (upper end of Price Band) aggregating to approximately around Rs. 146 crore. The anchor investors include Goldman Sachs India, HDFC Trustee Co Ltd., Birla Sun Life Trustee Co. Ltd., DSP Blackrock India, Reliance Capital Trustee Co. Ltd., Reliance Mutual Fund, L&T Mutual Fund, Sundaram Mutual Fund and Kotak Mutual Fund. 
The anchor allotment was as follows: GOLDMAN SACHS INDIA FUND – 2,64,530 equity shares (6.85%); HDFC TRUSTEE COMPANY LTD - HDFC CORE…