PNC Infratech Stock Up by More Than 3% After Company Wins Bid for New Project
By Ankur Chandra | Published at: Jul 17, 2025 02:06 PM IST
Agra, July 17, 2025 – PNC Infratech Ltd (NSE: PNCINFRA, BSE: 539150) stock -price is up by 3.44% at Rs 321.95 at 2 p.m. today. This follows its selection as an L1 bidder for a key solar-plus-storage project by NHPC Limited. The rally came on the back of strong investor sentiment tied to the company’s renewable energy foray.
Stock Performance Snapshot (as of 10:13 AM IST)
| Parameter | Value |
|---|---|
| Last Traded Price | ₹324.70 |
| Previous Close | ₹311.25 |
| Opening Price | ₹317.00 |
| Day’s High / Low | ₹331.80 / ₹316.65 |
| VWAP | ₹327.49 |
| Traded Volume | 27.39 lakh |
| Traded Value | ₹89.71 crore |
| Total Market Cap | ₹8,443.99 crore |
| Free Float Market Cap | ₹3,723.67 crore |
| 52-Week High / Low | ₹534.40 / ₹240.00 |
| P/E Ratio (Adjusted/Symbol) | 9.79 |
The stock ranked in the Top 10 gainers of the session with buy quantity (4.88 lakh) outpacing sell quantity (4.46 lakh).
NHPC Awards 300 MW Solar + 600 MWh ESS Project
- PNC Infratech has emerged as one of the lowest (L1) bidders in NHPC’s solar power project tender.
- The tender involves setting up 1200 MW ISTS-connected solar power projects with integrated 600 MW / 2400 MWh Energy Storage Systems (ESS).
- PNC Infratech secured a 300 MW solar power capacity in the bid.
- This includes 150 MW / 600 MWh of integrated energy storage.
- The project was awarded at a tariff of ₹3.13 per kWh.
- The award was finalized through an online reverse auction held on July 15, 2025.
Key Contract Details
| Particular | Information |
|---|---|
| Awarding Entity | NHPC Limited (REIA / Intermediary Procurer) |
| Total Allocation to PNC | 300 MW solar + 150 MW / 600 MWh ESS |
| Tariff Rate | ₹3.13 per kWh |
| Project Type | ISTS-connected Renewable + Energy Storage |
| Execution Timeline | 24 months from PPA effective date |
| PPA Tenure | 25 years post supply start |
| Promoter Interest in Awarding Entity | None |
| Related Party Status | Not applicable |
Strategic Outlook
The project marks PNC Infratech’s first major step into the renewable energy and storage sector. It reflects the company’s move beyond its core strength in roads and civil infrastructure. The contract ensures a 25-year annuity-style income through a long-term power purchase agreement (PPA). This aligns with PNC’s strategy to build stable, long-term assets that generate consistent cash flow with low upfront risk.
Industry watchers see this as a smart and timely diversification move. The development is expected to support both the company’s stock performance in the near term and its broader growth plans in the long run.
PNC Infratech Stock Performance
PNC Infratech shares are trading at ₹324.70, representing a 4.32% gain as of 10:09 AM IST on July 17, 2025. PNC Infratech shares have dipped 37% in the last year, down 1.19% in the year-to-date, and up 8.40% in the previous month.
About PNC Infratech
PNC Infratech Ltd, incorporated in 1999 and listed since May 2015, operates primarily in the civil construction sector. It is a constituent of the NIFTY 500 index, with projects spanning highways, bridges, and now renewable infrastructure. The company is headquartered in Agra and has a face value of ₹2 per share.
REF: https://nsearchives.nseindia.com/corporate/PNCINFRA_16072025154216_DeclaredL1Bidder16072025.pdf
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