PNC Infratech Incorporates Wholly Owned Subsidiary for Renewable Energy Operations

PNC Infratech Limited has incorporated a new wholly owned subsidiary to strengthen its presence in the renewable energy sector. The company announced the formation of PNC REI Private Limited as a Special Purpose Vehicle (SPV) on December 31, 2025, in compliance with SEBI Listing Regulations.

Subsidiary Details and Capital Structure

The newly incorporated subsidiary operates under the Corporate Identification Number U35105UP2025PTC240153. The company has established a solid financial foundation for its renewable energy operations.

Parameter:	Details
Authorized Capital:	₹15.00 lakh (1,50,000 equity shares of ₹10.00 each)
Paid-up Capital:	₹15.00 lakh (1,50,000 equity shares of ₹10.00 each)
Business Focus:	Renewable energy and related operations
Current Status:	Yet to commence business operations

Strategic Background and Purpose

The incorporation follows PNC Infratech's earlier achievement as the L-1 bidder declared by NHPC Limited in July 2025. This strategic move positions the company to capitalize on opportunities in the renewable energy sector through a dedicated subsidiary structure.

PNC REI Private Limited has been established specifically to handle renewable energy projects and related activities. The SPV structure provides operational flexibility and focused management for the company's renewable energy initiatives.

Regulatory Compliance and Related Party Status

The subsidiary incorporation adheres to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. As a wholly owned subsidiary, PNC REI Private Limited qualifies as a related party of PNC Infratech Limited.

Compliance Aspect:	Details
Related Party Status:	Yes, as wholly owned subsidiary
Transaction Basis:	All transactions at arm's length
Regulatory Framework:	SEBI Listing Regulations 2015
Industry Sector:	Renewable Energy

The company has confirmed that any future transactions with the wholly owned subsidiary will be conducted on an arm's length basis, ensuring transparency and regulatory compliance. This incorporation represents PNC Infratech's commitment to expanding its infrastructure capabilities in the growing renewable energy sector.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.48%	-1.48%	+1.73%	-18.44%	-22.56%	+45.10%

PNC Infratech Limited has announced that CARE Ratings Limited has reaffirmed credit ratings for two of its subsidiary companies' long-term bank facilities, totaling ₹1,035.52 crores, with a stable outlook. The company informed stock exchanges about these developments through a regulatory filing under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Rating Reaffirmations Details

CARE Ratings Limited has reaffirmed credit ratings for the subsidiary companies with stable outlook across both entities. The rating actions cover substantial bank facility amounts totaling ₹1,035.52 crores across the two highway development subsidiaries.

Subsidiary Company	Facility Amount	Credit Rating	Rating Action	Outlook
Akkalkot Highways Private Limited	₹811.50 crores	CARE A+	Reaffirmed	Stable
PNC Raebareli Highways Private Limited	₹224.02 crores	CARE AA-	Reaffirmed	Stable

Subsidiary Company Performance

Akkalkot Highways Private Limited maintains its CARE A+ rating for long-term bank facilities worth ₹811.50 crores. This rating reaffirmation indicates sustained creditworthiness and operational performance of the highway development subsidiary.

PNC Raebareli Highways Private Limited received a CARE AA- rating reaffirmation with stable outlook for its facility amount of ₹224.02 crores.

Regulatory Compliance

PNC Infratech has fulfilled its disclosure obligations by informing both BSE Limited and National Stock Exchange of India Limited about these rating developments.

The rating reaffirmations from CARE Ratings demonstrate maintained financial stability and creditworthiness of PNC Infratech's subsidiary companies in the highway infrastructure development sector. Both subsidiaries continue to operate with stable outlook ratings, reflecting consistent operational and financial performance in their respective highway projects.