CARE Ratings assigns CARE A; Stable rating to subsidiaries of PNC Infra; Stock climbs ~3%

The credit rating agency rated the facilities of PNC Unnao Highways and PNC Meerut Haridwar Highways.

Oct 26, 2021 11:10 IST India Infoline News Service

CARE Ratings Limited has assigned credit rating on the Long Term Bank Facilities of two Subsidiaries of PNC Infratech Limited.

The credit rating agency has assigned CARE A; Stable rating to credit facilities of PNC Unnao Highways Private Limited Rs63r.24cr. It also assigned CARE A; Stable rating to PNC Meerut Haridwar Highways Private Limited Rs514cr.

At around 11.20 am, PNC Infratech Ltd was trading at Rs340 per piece up by Rs8.8 or 2.66% from its previous closing of Rs331.20 per piece on the BSE.
The scrip opened at Rs336.95 and has touched a high and low of Rs344.35 and Rs331.25 respectively.

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