PNC Infratech Secures LoA from NTPC for 300 MW Solar Project; Share Price in Focus

PNC Infratech Limited has secured a Letter of Award (LoA) from NTPC Limited for setting up a 300 MW ISTS-connected solar power project with 150 MW/600 MWh energy storage systems. Alongside this project milestone, the company also reported its Q1 FY26 earnings, highlighting solid growth and continued progress on its asset monetisation strategy.

NTPC Solar Project Details 

The order was awarded under a tariff-based competitive bidding process through an online reverse auction, where PNC Infratech emerged as one of the L1 bidders.

The project, categorised as a domestic award, is scheduled for supply commencement within 24 months of the PPA effective date, with operations running for 25 years thereafter. 

The tariff for the project has been fixed at ₹3.13/kWh, reinforcing the company’s entry into the renewable energy segment with long-term visibility.

PNC Infratech Q1 FY26 Earnings Result

PNC Infratech posted Q1 FY26 standalone revenue of ₹1,136.46 crore and net profit of ₹80.77 crore, while consolidated revenue stood at ₹1,422.80 crore with net profit of ₹431.31 crore. The company completed the ₹716.20 crore sale of its stake in PNC Bareilly Nainital Highways Private Limited, marking the 11th of 12 planned divestments, with the final one due in H1 FY26.

Also Read: Sterling and Wilson Renewable Energy Wins 245 MW EPC Solar Project in Gujarat from PSU Developer!

PNC Infratech and NTPC Ltd Share Price Performance 

As of August 18, 2025, at 10:11 AM, PNC Infratech share price is trading at ₹312.05 per share, reflecting a gain of 1.20% from the previous closing price. Over the past month, the stock has declined by 0.57%.

As of August 18, 2025, at AM, NTPC Ltd share price is trading at ₹340.55 per share, reflecting a gain of 0.35% from the previous closing price. Over the past month, the stock has declined by 0.45%.

Conclusion

By winning the NTPC solar order and delivering strong quarterly results, PNC Infratech continues to build momentum in both renewable energy expansion and asset monetisation. The dual progress highlights its focus on diversifying operations while strengthening financial stability.

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