Care Ratings has upgraded the credit rating on the long-term bank facilities of Hardoi Highways Private Limited, a subsidiary of PNC Infratech. The rating has been upgraded to CARE AA+; Stable from CARE A; Stable. The amount outstanding is ₹438.57 Crore, reduced from ₹443.00 Crore in the previous assessment. This upgrade reflects an improved outlook for the subsidiary.
Hardoi Highways Rating Improvement
PNC Infratech announced that Care Ratings Limited has upgraded the credit rating for the long-term bank facilities of its subsidiary, Hardoi Highways Private Limited. The announcement was made on September 23, 2025.
Revised Credit Rating Details
The credit rating has been upgraded to CARE AA+; Stable from the previous rating of CARE A; Stable. This revision applies to the outstanding amount of ₹438.57 Crore (previously ₹443.00 Crore) in long-term bank facilities for Hardoi Highways Private Limited.
Source: BSE
