Archive · 15 Aug 2025
PNC Infratech Wins NTPC Bid for 300 MW Solar Project
Imagine a company, PNC Infratech, got a big job from NTPC to build a solar power plant!
It's like a giant set of solar panels that will make electricity.
This plant will also have special batteries to store the electricity.
The company won the job by offering a good price.
The electricity will cost about 3.13 rupees for each unit.
The project needs to be ready in about two years.
Also, the company's earnings recently went down a bit, but they plan to pay out dividends to shareholders soon.
PNC Infratech received a Letter of Award (LoA) from NTPC for a 300 MW solar project with energy storage.
The project includes a 150 MW/600 MWh energy storage system.
The contract was awarded through a tariff-based competitive bidding process.
Supply is expected to begin within 24 months of the PPA's effective date, valid for 25 years.
PNC Infratech's consolidated profit and revenue decreased in Q1 FY26.
- Who
- PNC Infratech and NTPC Ltd are the key parties involved.
- What
- PNC Infratech won a bid to build a solar power project with energy storage for NTPC.
- When
- The LoA was issued on August 14, 2025. Supply to commence within 24 months.
- Where
- The article does not specify the location of the project.
- Why
- NTPC awarded the contract as part of its renewable energy expansion plans.
- Project Size
- 300 MW solar + 150 MW/600 MWh ESS
- Awarding Entity
- NTPC Ltd
- Contract Type
- Tariff-based competitive bidding
- Tariff
- Rs 3.13 per kWh
- PPA Duration
- 25 years
- Q1 FY26 Profit
- Rs 431 crore
- Q1 FY26 Revenue
- Rs 1,423 crore