PNC Infratech Share Price Jumps 3% on 300 MW Solar Plus 150 MW ESS Project from NHPC

PNC Infratech Limited has announced that it has emerged as one of the Lowest (L1) bidders for NHPC’s ISTS-connected 1200 MW solar power project with Energy Storage Systems (ESS). 

The company confirmed via stock exchange filings on 16 July 2025 that it has been awarded a 300 MW Solar Power Project with a 150MW/600MWh ESS component at a quoted tariff of ₹3.13 per kWh. The project was floated by NHPC Limited in its capacity as Intermediary Procurer/Renewable Energy Implementing Agency (REIA).

Execution Terms and Auction Details 

The selection process was conducted through an electronic reverse auction (e-RA) and concluded on 15 July 2025. The Scheduled Commencement of Supply Date (SCSD) for the project is 24 months from the date the Power Purchase Agreement (PPA) becomes effective. The PPA will be valid for a 25-year period from the SCSD. NHPC had issued the tender for 1200 MW solar projects with 600MW/2400MWh ESS under Tariff Based Competitive Bidding (TBCB), and PNC Infratech secured 300 MW with a Green Shoe Option.

Regulatory and transactional clarity

The project has been disclosed in accordance with regulatory norms and does not fall under related party transactions. It was awarded by a domestic entity, and PNC Infratech confirmed that its promoter or promoter group holds no interest in NHPC. Additionally, the company has stated that the trading window will remain closed for designated persons until 48 hours after the declaration of financial results for the quarter ended June 30, 2025, in line with insider trading regulations.

Also Read: India Records 4,000% Growth in Solar Capacity: Piyush Goyal!

PNC Infratech Share Price Performance

As of July 17, 2025, at 10:57 AM, PNC Infratech share price is trading at ₹322.85 per share, up by 3.73%. Over the past month, the stock has risen by approximately 8.21%.

Conclusion

This strategic win from NHPC further cements PNC Infratech’s growing role in India's renewable infrastructure landscape. The company’s successful bid for a 300 MW solar project with energy storage underscores its competitive edge in clean energy execution and long-term operational planning.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.