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Business Standard
4 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.
Economic Times
4 days ago
- Business
- Economic Times
PNC Infratech shares rise 5% after emerging as lowest Bidder for NHPC solar power project
Shares of PNC Infratech jumped 5% to Rs 327 in Thursday's trading session after the company announced it had been declared as one of the Lowest (L1) Bidders for a significant renewable energy project floated by NHPC Limited. ADVERTISEMENT On July 16, 2025, the company announced through an exchange filing under SEBI's Listing Regulations that it had secured a key allocation in NHPC's large-scale tender for 1,200 MW of ISTS-connected solar power projects, combined with 600 MW/2400 MWh of energy storage systems (ESS). The contract was awarded via the Tariff-Based Competitive Bidding (TBCB) process at a quoted tariff of Rs 3.13 per kWh. As part of this tender, PNC Infratech has been awarded a 300 MW solar project, along with a 150 MW / 600 MWh energy storage system, to be developed anywhere in India under ISTS guidelines. The award was finalized via an online reverse auction held on 15th July 2025. Awarding Agency: NHPC Limited (as Renewable Energy Implementing Agency) Project Size: 300 MW solar + 150 MW / 600 MWh energy storage Quoted Tariff: Rs 3.13/kWh Execution Timeline: Project supply to begin within 24 months from PPA signing; PPA tenure is 25 years This win marks another strategic step for PNC Infratech in the clean energy space, aligning with India's accelerating push toward renewable energy capacity expansion. The stock had touched its 52-week high of Rs 534 on 16th July 2024, while the 52-week low stands at Rs 240, indicating a wide trading range over the past year. From a technical standpoint, the stock is in a bullish zone, trading above all 8 key Simple Moving Averages (SMAs) — from the short-term 5-day SMA to the long-term 200-day SMA. This alignment typically reflects sustained upward momentum and continued investor confidence in the stock's price action. (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
4 days ago
- Business
- Time of India
PNC Infratech shares rise 5% after emerging as lowest Bidder for NHPC solar power project
Shares of PNC Infratech jumped 5% to Rs 327 in Thursday's trading session after the company announced it had been declared as one of the Lowest (L1) Bidders for a significant renewable energy project floated by NHPC Limited . On July 16, 2025, the company announced through an exchange filing under SEBI's Listing Regulations that it had secured a key allocation in NHPC's large-scale tender for 1,200 MW of ISTS-connected solar power projects, combined with 600 MW/2400 MWh of energy storage systems (ESS). The contract was awarded via the Tariff-Based Competitive Bidding (TBCB) process at a quoted tariff of Rs 3.13 per kWh. Explore courses from Top Institutes in Select a Course Category CXO Data Science Digital Marketing Others MCA healthcare Degree Finance Leadership Data Science others MBA Healthcare Project Management Public Policy Technology PGDM Data Analytics Operations Management Management Product Management Artificial Intelligence Cybersecurity Skills you'll gain: Digital Strategy Development Expertise Emerging Technologies & Digital Trends Data-driven Decision Making Leadership in the Digital Age Duration: 40 Weeks Indian School of Business ISB Chief Digital Officer Starts on Jun 30, 2024 Get Details Skills you'll gain: Customer-Centricity & Brand Strategy Product Marketing, Distribution, & Analytics Digital Strategies & Innovation Skills Leadership Insights & AI Integration Expertise Duration: 10 Months IIM Kozhikode IIMK Chief Marketing and Growth Officer Starts on Apr 7, 2024 Get Details Skills you'll gain: Operations Strategy for Business Excellence Organizational Transformation Corporate Communication & Crisis Management Capstone Project Presentation Duration: 11 Months IIM Lucknow Chief Operations Officer Programme Starts on Jun 30, 2024 Get Details Skills you'll gain: Technology Strategy & Innovation Emerging Technologies & Digital Transformation Leadership in Technology Management Cybersecurity & Risk Management Duration: 24 Weeks Indian School of Business ISB Chief Technology Officer Starts on Jun 28, 2024 Get Details As part of this tender, PNC Infratech has been awarded a 300 MW solar project, along with a 150 MW / 600 MWh energy storage system, to be developed anywhere in India under ISTS guidelines. The award was finalized via an online reverse auction held on 15th July 2025. Key Details of the Award: Awarding Agency: NHPC Limited (as Renewable Energy Implementing Agency) Project Size: 300 MW solar + 150 MW / 600 MWh energy storage Quoted Tariff: Rs 3.13/kWh Execution Timeline: Project supply to begin within 24 months from PPA signing; PPA tenure is 25 years This win marks another strategic step for PNC Infratech in the clean energy space, aligning with India's accelerating push toward renewable energy capacity expansion. Price and Technical Overview The stock had touched its 52-week high of Rs 534 on 16th July 2024, while the 52-week low stands at Rs 240, indicating a wide trading range over the past year. From a technical standpoint, the stock is in a bullish zone, trading above all 8 key Simple Moving Averages (SMAs) — from the short-term 5-day SMA to the long-term 200-day SMA. This alignment typically reflects sustained upward momentum and continued investor confidence in the stock's price action.
Business Standard
5 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.
Time of India
11-07-2025
- Business
- Time of India
Green nod for ₹26,000 crore transmission projects to boost Rajasthan's solar ambitions
In a major boost to Rajasthan's renewable energy sector, the Rajasthan Vidyut Prasaran Nigam Ltd (RVPN) has approved long-pending transmission infrastructure proposals aimed at easing evacuation bottlenecks that have hampered solar and wind energy projects across the state. The board of RVPN, the state's transmission utility, cleared proposals worth over ₹26,000 crore for developing 15 new transmission lines, a move seen as critical to strengthening the state's power infrastructure and enabling large-scale integration of green energy into the grid. The approval, granted during RVPN's board meeting earlier this week, marks a turning point for many delayed solar projects that have been awaiting adequate transmission capacity. The new projects will be developed through a competitive bidding process—specifically, Tariff-Based Competitive Bidding ( TBCB )—with RVPN itself now eligible to participate as a bidder for projects exceeding ₹300 crore in value, a departure from earlier policy restrictions. Transmission boost for solar surge The 15 approved transmission projects include nine 765kV lines, four 400kV lines, and two 220kV lines, strategically planned to ensure efficient evacuation of power from renewable energy-rich zones to both intra-state and inter-state grids. These projects had been stuck for nearly three years, primarily due to financial and policy-level delays, resulting in a backlog of commissioned but idle solar capacity awaiting connectivity. Speaking to ETGovernment, Ajitabh Sharma , Principal Secretary, Energy Department & Chairman , RVPNL, Government of Rajasthan, emphasised the strategic significance of the move, 'With the approval of ₹26,000+ crore worth of transmission projects, Rajasthan is set to strengthen its transmission network and accelerate renewable energy evacuation. Our forward-looking approach, including TBCB-mode execution for all projects above ₹300 crore, will enable seamless RE integration into the grid and drive India's commitment to a greener future. This also marks a significant opportunity for the power industry.' He further underlined the immediate need for enhancing the state's power evacuation capacity, 'Without the availability of transmission capacity, the rollout of solar and wind energy projects would be impacted. The current demand for evacuation outstrips the existing transmission capacity. These projects will go a long way in removing those hurdles.' Rajasthan's renewable potential Rajasthan, with its vast tracts of arid and semi-arid land, continues to be one of India's most promising states for solar energy generation. Despite its potential, the state recently lost its top position in installed solar capacity to Gujarat. Industry experts have attributed this decline not to resource availability, but to infrastructural bottlenecks—particularly transmission limitations—that have delayed or restricted the commissioning of new projects. With over 300 sunny days a year and abundant land availability, Rajasthan has the capacity to become the hub of India's renewable energy revolution. The state government has already announced plans to attract investments in the solar and wind sectors through supportive policies and robust infrastructure development. These newly approved transmission projects are expected to complement those efforts and attract fresh investor interest. Industry opportunity and national implications The scale of the newly sanctioned projects also represents a massive opportunity for players in the power infrastructure and engineering sectors. With all projects above ₹300 crore being executed under the TBCB mode, private developers will now have the opportunity to bid for and develop critical infrastructure assets. This move aligns with the Government of India's broader push for privatization, competitiveness, and transparency in power sector operations. Moreover, as India ramps up its commitment to achieving 500 GW of non-fossil fuel capacity by 2030 under its Nationally Determined Contributions (NDCs), ensuring grid readiness becomes crucial. Rajasthan's initiative serves as a model for other states facing similar constraints in integrating renewable energy. The road ahead RVPN's proactive stance and its entry into TBCB bidding could set a precedent for other state transmission utilities to become more competitive and self-reliant. The corporation is expected to finalize tender documents and float bids for these transmission projects in the coming months, with an aim to begin groundwork by early next year. The timeline for project completion is expected to range between 18 to 36 months, depending on the scale and complexity of individual corridors. Implementation strategy and phased rollout The 15 transmission projects will be rolled out in a phased manner, prioritising regions with the highest concentration of commissioned but non-operational renewable projects. The western and northwestern districts of Rajasthan—such as Jaisalmer, Bikaner, Barmer , and Jodhpur—are set to benefit significantly, as these areas house some of the largest solar and wind energy parks in the state. To ensure efficient implementation, RVPN is also establishing a dedicated project monitoring unit. This unit will be responsible for coordinating with various stakeholders including private developers, central agencies, land acquisition authorities, and financing institutions. Emphasis will be placed on expediting clearances and ensuring right-of-way availability, which has historically been a challenge in large-scale transmission development. Financing and Private Participation Out of the ₹26,000 crore investment, a significant portion is expected to come from private players through the TBCB model, while RVPN will also explore multilateral financing options and green energy development funds to bridge any investment gaps. The competitive nature of bidding is likely to bring in major infrastructure companies, EPC contractors, and global investors looking to participate in India's renewable transition. Ajitabh Sharma emphasised that the move not only ensures efficient power evacuation but also stimulates local economic activity, 'These projects will create thousands of direct and indirect jobs, spur local industry participation, and strengthen Rajasthan's position on the national renewable energy map.' Central Government Support and Policy Synergy The announcement aligns with the Ministry of Power's recent push to accelerate renewable energy integration by improving transmission infrastructure across the country. The central government has been advocating for the timely execution of the Green Energy Corridor (GEC) Phase-II, under which Rajasthan is a key beneficiary. Coordination between state and central efforts is expected to streamline execution and avoid duplication of infrastructure. A green leap forward The greenlight to these high-value transmission projects signifies more than just infrastructure growth—it marks a foundational shift in Rajasthan's energy ecosystem. By resolving a critical bottleneck, the state is poised to regain its leadership in solar capacity, attract global investments, and contribute meaningfully to India's clean energy goals. As execution begins, all eyes will be on how swiftly and efficiently RVPN and its partners can bring these transmission lines online—unlocking the full potential of Rajasthan's sun-drenched landscape and transforming it into a powerhouse of clean, green energy.
