PNC Infratech Limited has emerged as one of the lowest bidders in a significant tender floated by NHPC Limited, marking a major milestone in the company's renewable energy portfolio.

Project Details

PNC Infratech has been declared one of the lowest bidders for a 300 MW Inter State Transmission System (ISTS) Connected Solar Power Project, which includes a 150MW/600MWh Energy Storage System (ESS). This project is part of a larger 1200 MW solar power initiative with 600MW/2400MWh energy storage systems to be set up across India.

Competitive Bidding and Pricing

PNC Infratech secured the project through a Tariff Based Competitive Bidding (TBCB) process. The company quoted a competitive price of Rs. 3.13 per kWh, which was determined through an electronic reverse auction mechanism.

Project Timeline and Duration

According to the LODR filing, the project has significant timelines:

1. The project is to be executed within 24 months from the effective date of the Power Purchase Agreement (PPA).
2. The PPA will be operational for a period of 25 years after completion.

Strategic Importance

This project represents a strategic move for PNC Infratech into the growing renewable energy sector, particularly in large-scale solar projects with energy storage capabilities. The integration of energy storage systems is crucial for addressing the intermittency challenges associated with solar power generation.

Compliance and Transparency

In line with regulatory requirements, PNC Infratech has promptly disclosed this development to the stock exchanges. The company has also reminded its designated employees, immediate relatives, and connected persons about the ongoing closure of the trading window for the company's securities until 48 hours after the declaration of financial results for the quarter ended June 30.

This project award underscores PNC Infratech's growing presence in the renewable energy sector and its ability to compete effectively in high-value infrastructure tenders.

PNC Infratech Limited , a prominent infrastructure construction company, has clinched a significant contract for a flyover project in Bharatpur, Rajasthan. The Public Works Department (PWD) of Rajasthan has awarded the company a contract valued at ₹240.00 crore for this infrastructure development initiative.

Project Details

The project entails the construction of a flyover in Bharatpur city, a development that is expected to enhance the urban infrastructure and improve traffic flow in the area. This new contract adds to PNC Infratech's portfolio of ongoing projects and reinforces its position in the infrastructure development sector.

Strategic Importance

The award of this contract highlights PNC Infratech's continued success in securing government projects. Flyover construction is a critical aspect of urban development, aimed at reducing traffic congestion and improving connectivity within cities. This project in Bharatpur aligns with the broader initiatives to upgrade infrastructure in tier-2 and tier-3 cities across India.

Financial Implications

The ₹240.00 crore contract value represents a substantial addition to PNC Infratech's order book. While the specific impact on the company's financials will depend on various factors such as project timeline and execution efficiency, it undoubtedly contributes to the company's revenue pipeline.

Conclusion

This new project in Bharatpur demonstrates PNC Infratech's ongoing commitment to infrastructure development in India. As the company embarks on this significant flyover construction, stakeholders will be keen to observe its execution and the potential for similar projects in the future. The successful completion of this project could further strengthen PNC Infratech's reputation in the infrastructure sector and potentially lead to more opportunities in urban development projects across the country.