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InfrastructureAfter close

NARCL files insolvency against Era Infra Group companies

after close1 source ↓written by the desknot a recommendation

₹2,386.51 cr
₹385.38 cr
defaults
₹2,772 cr

The National Company Law Tribunal (NCLT) has admitted insolvency pleas against Haridwar Highways Project Limited for ₹2,386.51 cr and Era Infrastructure (India) Ltd. for ₹385.38 cr. These actions were initiated by the National Asset Reconstruction Company Limited (NARCL) due to combined defaults of nearly ₹2,772 cr. This development may impact market sentiment around infrastructure stocks.

The proceedings come as the parent company, Era Infra Engineering Limited, seeks to intervene but faces dismissal amid ongoing insolvency issues.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 10 Nov 2025, 16:09 IST.

Sourcesnews.google.com

The market after the news

EIEL closed −1.6% on the day of the news, from ₹229.50 to ₹225.90; Nifty +0.5% over the same session.

Bulletin at 16:09 IST on 10 Nov 2025. Every change is measured from ₹229.50, the last close before it, on 10 Nov. Nifty 50 is measured over the same sessions.

  • EIEL close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
EIEL closes around the bulletin against the close before the news, with Nifty 50 rebased to it193.42229.50265.58axis spans 37%before the news · 10 Nov229.50Nifty 50EIELbulletinD0+1+3+53 Nov14 Nov25 NovReference close ₹229.50. 16 sessions from 3 Nov to 25 Nov; the price axis spans 37 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before10 Nov₹229.50basebase
On the day11 Nov₹225.90▼ −1.6%▲ +0.5%−2.0 pp difference
+1 session12 Nov₹228.70▼ −0.3%▲ +1.2%−1.5 pp difference
+3 sessions14 Nov₹225.75▼ −1.6%▲ +1.3%−2.9 pp difference
+5 sessions18 Nov₹223.35▼ −2.7%▲ +1.3%−4.0 pp difference
Gap at the open, % · ₹
0.0%0.00 on 11 Nov
Day's range, % · ₹
2.5%≈ 5.8 high to low
Volume on the day
0.83×the 20-session average
Futures OI on the day
—
Futures OI open, lots
—
Futures premium, ₹
—
Puts per call, by OI
—
Max pain
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Source NSE UDiFF bhavcopy · EIEL on the desk →

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