Shares of PNC Infratech jumped 5% to Rs 327 in Thursdays 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 SEBIs Listing Regulations that it had secured a key allocation in NHPCs 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.Key Details of the Award:Awarding Agency: NHPC Limited (as Renewable Energy Implementing Agency)Project Size: 300 MW solar + 150 MW / 600 MWh energy storageQuoted Tariff: Rs 3.13/kWhExecution Timeline: Project supply to begin within 24 months from PPA signing; PPA tenure is 25 yearsThis win marks another strategic step for PNC Infratech in the clean energy space, aligning with Indias accelerating push toward renewable energy capacity expansion.Price and Technical OverviewThe 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.Live EventsFrom 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 stocks price action.