Latest news with #TariffBasedCompetitiveBidding
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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.
Mint
4 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
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
10-07-2025
- Business
- Time of India
Green nod for ₹26k cr transmission projects to drive solar projects
Jaipur: In a breather for solar projects in the state, the Rajasthan Vidyut Prasaran Nigam Ltd (RVPN) has approved long-pending proposals for setting up transmission lines through auctions. Projects for setting up 15 transmission lines will require investments of over ₹26,000 crore, which was cleared by the corporation on Tuesday. Many solar projects are facing delays due to the unavailability of transmission capacity, key to evacuating power from solar plants to national and state grids for consumption locally and across the country. It was also decided that RVPN would participate in the bidding process, which was earlier restricted. The 15 transmission projects approved include nine 765kV, four 400kV, and two 220kV lines. The projects were pending for the past three years. Principal Secretary (Energy) and Chairman of RVPN, Ajitabh Sharma, said, "Without the availability of transmission capacity, the rollout of the 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." He said RVPN will also be one of the bidders under Tariff Based Competitive Bidding (TBCB) in projects more than Rs 300 crore. Recently, Rajasthan lost the number one position in installed solar projects to Gujarat despite having large swathes of barren, desert land.
Time of India
09-07-2025
- Business
- Time of India
Green nod for 26k cr transmission projects to drive solar projects
Jaipur: In a breather for solar projects in the state, the Rajasthan Vidyut Prasaran Nigam Ltd (RVPN) has approved long-pending proposals for setting up transmission lines through auctions. Projects for setting up 15 transmission lines will require investments of over Rs 26,000 crore, which was cleared by the corporation on Tuesday. Many solar projects are facing delays due to the unavailability of transmission capacity, key to evacuating power from solar plants to national and state grids for consumption locally and across the country. It was also decided that RVPN would participate in the bidding process, which was earlier restricted. The 15 transmission projects approved include nine 765kV, four 400kV, and two 220kV lines. The projects were pending for the past three years. Principal Secretary (Energy) and Chairman of RVPN, Ajitabh Sharma, said, "Without the availability of transmission capacity, the rollout of the solar and wind energy projects would be impacted. The current demand for evacuation outstrips the existing transmission capacity. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Искате да научите повече за новото BMW 2 Gran Coupe? BMW Научете повече Undo These projects will go a long way in removing those hurdles." He said RVPN will also be one of the bidders under Tariff Based Competitive Bidding (TBCB) in projects more than Rs 300 crore. Recently, Rajasthan lost the number one position in installed solar projects to Gujarat despite having large swathes of barren, desert land.
