Latest news with #PNCInfratech
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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.
Business Standard
3 days ago
- Business
- Business Standard
PNC Infratech jumps on winning bid for solar+storage project from NHPC
PNC Infratech climbed 4.48% to Rs 325.20 after the company emerged as one of the lowest (L1) bidders in a tender floated by NHPC. The tender relates to setting up 1,200 MW ISTS-connected solar power projects along with 600MW/2400MWh energy storage systems (ESS) anywhere in India under a tariff-based competitive bidding mechanism. PNC has secured a 300 MW solar + 150MW/600MWh ESS allocation at a quoted tariff of Rs 3.13/kWh, awarded through an electronic reverse auction held on 15 July 2025. The awarded project comes with a 25-year Power Purchase Agreement (PPA), to begin two years from the PPAs effective date. PNC Infratech is one of the front ending Indian infrastructure investment, development, construction, operation and management companies in India. The company provides end-to-end infrastructure implementation solutions that include design, engineering, procurement, construction, O&M services on (EPC), "Design-Build-Finance-Operate-Transfer" (DBFOT) Toll, Annuity, Hybrid Annuity, Operate-Maintain-Transfer, and other formats, under one roof. The companys consolidated net profit slumped 81% to Rs 75.48 crore on 34.5% drop in net sales to Rs 1704.11 crore in Q4FY25 over Q4 FY24.
Economic Times
3 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
3 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.
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.
