PNC Infratech Limited has informed the Exchange regarding 'Update on Receipt of Letter of Award from NHPC Limited'.
PNCINFRA · price
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PNC Infratech has received a Letter of Award dated August 14, 2025, from NHPC Limited (a Government of India PSU) to set up a 300 MW ISTS-connected Solar Power Project bundled with 150 MW / 600 MWh of Energy Storage Systems. The company won the project as the lowest (L1) bidder through a Tariff-Based Competitive Bidding process using a reverse auction. Supply is expected to commence within 24 months of the PPA effective date, with a 25-year PPA operation period thereafter. The tariff quoted is Rs. 3.13 per kWh. This follows an earlier announcement on July 16, 2025, suggesting a confirmation of the order.
This is a sizeable new order from a government-backed counterparty, which strengthens PNC Infratech's order book and marks its entry into large-scale solar-plus-storage projects, providing long-term revenue visibility over 25 years once commissioned.