PNC Infratech shares tank 20%. What’s triggering the steep plunge on Tuesday?

PNC Infratech shares plunged after NHAI extended the debarment of Awadh Expressway to the company for three years, restricting its participation in key road project bids. The company is evaluating legal remedies, while its ongoing projects remain unaffected.

PNC Infratech shares tank 20%. What’s triggering the steep plunge on Tuesday?

PNC Infratech shares tank 20%. What’s triggering the steep plunge on Tuesday?

What Happened

PNC Infratech shares plunged after NHAI extended the debarment of Awadh Expressway to the company for three years, restricting its participation in key road project bids. The company is evaluating legal remedies, while its ongoing projects remain unaffected.

Key Details

Original reporting provided by Economic Times Markets.

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