CARE Ratings Limited on Wednesday has reaffirmed credit rating on the Long Term Bank Facilities of PNC Infratech Limited’s
subsidiaries. The credit rating agency reaffirmed CARE A- / Stable on PNC Bundelkhand Highways Private Limited Rs604cr credit facilities.
CARE also reaffirmed CARE A / Stable rating on PNC Challakere (Karnataka) Highways Private Limited Rs440cr facilities.
At around 12.08 PM, PNC Infratech Ltd was trading at Rs287.35 per piece down by Rs4.65 or 1.59% from its previous closing of Rs292 per piece on the BSE.
The scrip opened at Rs292 and has touched a high and low of Rs293.05 and Rs286.05 respectively during intraday trade on Friday.