Latest news with #ISTS
&w=3840&q=100)

Business Standard
3 days ago
- Business
- Business Standard
Civil construction stock gains 7% in trade after bagging order from NHPC
PNC Infratech shares jumped 6.6 per cent on Thursday, logging an intraday high at ₹331.8 per share on the National Stock Exchange (NSE). At 12:56 PM, PNC Infra share price was trading 3.89 per cent higher at ₹323.35 per share on the NSE. In comparison, the NSE Nifty was down 0.14 per cent at 25,177.35. The company's market capitalisation stood at ₹8,295.19 crore. The 52-week high of the stock was at ₹534.4 per share, and the 52-week low of the stock was at ₹240 per share. What led to the surge in PNC Infra shares? The stock jumped after the company emerged as one of the lowest (L1) bidders in a tender floated by NHPC. Under the contract, PNC Infra will set up a 300 MW solar power project with a 150MW/600MWh energy storage system. This is part of a larger 1200 MW interstate solar project tender under tariff-based competitive bidding, awarded at a price of ₹3.13/kWh. "We wish to inform you that our company has emerged as one of the Lowest (Ll) Bidders in a tender floated by NHPC Limited for "Setting up of 1200 MW ISTS (Inter State Transmission System) Connected Solar Power Projects with 600MW/2400MWh Energy Storage Systems (ESS) on anywhere in India basis under Tariff Based Competitive Bidding (TBCB) with Green Shoe Option" at a quoted price of Rs. 3.13/kwh," the filing read. It added: Out of the above-mentioned total quantity, the company has been allotted 300 MW ISTS Solar Power Project with 150MW600MWh Energy Storage System (ESS) at the said quoted price through an electronic (online) reverse action mechanism. The order is scheduled to be executed in 24 months from the effective date of the Power Purchase Agreement (PPA). The PPA will remain in effect for 25 years from the start of supply. About PNC Infratech PNC Infratech Limited is an Indian infrastructure company. The firm specialises in end-to-end development, construction, operation, and management across core infrastructure sectors. The company has executed projects in core infrastructure sectors, including expressways, highways, bridges, flyovers, airport runways, water supply, industrial area development, and other infrastructure activities with an established track record of successful execution of projects across geographies.


Mint
3 days ago
- Business
- Mint
Small-cap stock jumps 6% on securing solar power project from NHPC. Do you own?
PNC Infratech share price jumped more than 6% in early trade on Thursday, amid a spurt in trading volumes, after the company secured an order from state-run hydropower giant NHPC. The small-cap stock surged as much as 6.6% to ₹ 331.80 apiece on the BSE. Around 38 lakh PNC Infratech shares changed hands on the stock exchanges as against its one week average trading volume of 3 lakh shares. PNC Infratech said that it has emerged as one of the Lowest (Ll) Bidders in a tender floated by NHPC for setting up of 1200 MW ISTS (Inter State Transmission System) Connected Solar Power Projects with 600 MW / 2400 MWh Energy Storage Systems (ESS) in India. The company has secured the project through Tariff Based Competitive Bidding (TBCB) and on the basis of electronic (online) reverse action mechanism. The project also comes with a Green Shoe Option at a quoted price of ₹ 3.13 per kwh. 'Out of the above-mentioned total quantity, the Company has been allotted 300 MW ISTS Solar Power Project with 150 MW / 600 MWh Energy Storage System (ESS) at the said quoted price through electronic (online) reverse action mechanism held on 15.7.2025,' PNC Infratech said in a regulatory filing on July 16. The Scheduled Commencement of Supply Date (SCSD) shall be 24 months from the effective date of PPA (Power Purchase Agreement), and the PPA (operation period) shall be for a period of 25 years from the SCSD, it added. PNC Infratech share price is on the verge of breaking out from a bullish 106-day-long cup and handle pattern, with the breakout level placed at ₹ 325, said Anshul Jain, Head of Research at Lakshmishree Investments. 'Volumes have surged to over 451% of the 50-day average, a strong signal of institutional footprints backing the move. For this breakout to sustain, PNC Infratech stock price must close convincingly above ₹ 325 in the near term. If that happens, the structure points towards an initial target near the ₹ 375 level. The setup remains strong, and momentum indicators are aligned in favor of a continuation once the breakout is confirmed,' Jain said. PNC Infratech share price gained 10% in one month and 19% in three months. The smallcap stock has risen 7% in the past six months, but has remained flat on a year-to-date (YTD) basis. Over the past one year, PNC Infratech shares have declined more than 37%, while it has delivered multibagger returns of 138% in five years. At 9:55 AM, PNC Infratech share price was trading 4.50% higher at ₹ 325.25 apiece on the BSE. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.


Business Standard
4 days ago
- Business
- Business Standard
PNC Infratech emerges lowest bidder for NHPC's solar power/ESS tender
PNC Infratech has emerged as one of the Lowest (L1) Bidders in a tender floated by NHPC for "Setting up of 1200 MW ISTS (Inter State Transmission System) Connected Solar Power Projects with 600MW/2400MWh Energy Storage Systems (ESS) on anywhere in India basis under Tariff Based Competitive Bidding (TBCB) with Green Shoe Option" at a quoted price of Rs. 3.13/kwh. Out of the above-mentioned total quantity, the Company has been allotted 300 MW ISTS Solar Power Project with 150MW/600MWh Energy Storage System (ESS) at the said quoted price through electronic (online) reverse action mechanism held on 15 July 2025.


Business Standard
4 days ago
- Business
- Business Standard
PNC Infratech emerges as L-1 bidder for 1200 MW solar power project
PNC Infratech has announced that it has emerged as one of the Lowest (L1) Bidders in a tender floated by NHPC for the development of 1200 MW ISTS (Inter State Transmission System) connected solar power projects across India. According to an exchange filing, the tender involves setting up 1200 MW ISTS-connected solar power projects integrated with 600 MW/2400 MWh Energy Storage Systems (ESS) under a Tariff Based Competitive Bidding (TBCB) framework, featuring a Green Shoe Option. PNC Infratech quoted a competitive tariff of Rs 3.13 per kWh. Out of the total capacity, PNC Infratech has been awarded a 300 MW ISTS solar power project paired with a 150 MW/600 MWh ESS at the quoted price. The selection was made through an electronic reverse auction held on 15 July 2025. The project timeline includes a Scheduled Commencement of Supply Date (SCSD) set at 24 months from the effective date of the Power Purchase Agreement (PPA), with the PPA operation period extending for 25 years from the SCSD. PNC Infratech is a leading Indian infrastructure company engaged in investment, development, construction, operation, and management of infrastructure projects across the country. With extensive experience and proven expertise, the company operates across key sectors, including expressways, highways, bridges, flyovers, airport runways, water supply systems, industrial area development, railways, and other core infrastructure activities. The scrip rose 1.72% to settle at Rs 311.25 on the BSE. NHPC, a Mini Ratna category I public sector utility, is the Government of Indias flagship hydroelectric generation company. The company is primarily involved in the generation and sale of bulk power to various power utilities. Its other business includes providing project management / construction contracts/consultancy assignment services and trading of power. The scrip added 0.51% to settle at Rs 88.55 on the BSE.


Time of India
6 days ago
- Business
- Time of India
Govt may not extend ISTS charges waiver for solar and wind projects
The Union government is not planning to extend the Inter-State Transmission System (ISTS) charges waiver for solar and wind projects, according to a PTI report. This decision, as conveyed by a senior government official, marks a pivotal moment for the renewable energy sector, which had largely benefited from the waiver in transmitting clean electricity across state lines without incurring significant charges. The ISTS charges, essentially fees for using national grid infrastructure to move power between states, were previously waived to incentivise the growth of renewable energy. The non-extension means that projects commissioned after the deadline will now face these charges, potentially leading to a notable increase in power tariffs and raising concerns about the competitiveness of renewable energy against traditional sources like coal. However, in a move to mitigate the immediate impact on projects that missed the deadline due to unforeseen circumstances, the official said, "We will evaluate their situation on a case-by-case basis and accordingly decide to provide suitable relief." This suggests a more nuanced approach than a blanket withdrawal, offering a glimmer of hope for developers caught in commissioning delays. The decision comes despite strong appeals from industry stakeholders. Last month, the Electric Power Transmission Association (EPTA), an apex industry body, had urged the government to extend the ISTS charges waiver until March 2026. G.P. Upadhyay, Director General of EPTA, warned that investments totaling approximately ₹2 lakh crore (around $24 billion USD) across some 30 GW of clean energy projects could be jeopardised without such an extension. EPTA highlighted that many projects, spread across states like Rajasthan, Gujarat, Madhya Pradesh, Andhra Pradesh, Tamil Nadu, and Maharashtra, have faced delays due to reasons beyond the developers' control. These include challenges related to land availability, various local issues, and environmental concerns, notably the protection of the Great Indian Bustard in regions of Rajasthan and Gujarat, which has led to prolonged approvals and grid connectivity issues. Developers are now contemplating approaching the Central Electricity Regulatory Commission (CERC) for solutions, which could further prolong commissioning timelines. The ISTS waiver has been a crucial policy tool, enabling renewable energy developers to bypass substantial transmission costs , thereby making green power more economically attractive. Its withdrawal is expected to recalibrate project economics, potentially increasing the cost of renewable power.