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The Economic Times
The Economic Times
Veer Sharma

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

PNC Infratech NHAI

Shares of infrastructure company PNC Infratech tanked as much as 20% to their day’s low of Rs 140 on the BSE on Tuesday after the National Highways Authority of India (NHAI) extended the debarment of Awadh Expressway Pvt Ltd to the company for three years.

The move will prevent PNC Infratech from participating in bids floated by the Ministry of Road Transport and Highways (MoRTH), NHAI and their executing agencies during the period.

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