India's PNC Infratech rises after winning order from NHPC

PNC Infratech

17/07/2025 05:15

** Shares of PNC Infratech Ltd PNCI.NS rise as much as 6.6% to 331.8 rupees
** Infrastructure company emerged as lowest bidder in tender issued by NHPC Ltd NHPC.NS for setting up of inter-state transmission system (ISTS) connected solar power projects
** Out of total capacity, company awarded 300 MW ISTS-connected solar power project with 150 MW/600 MWh energy storage system at a tariff of 3.13 rupees/kWh
** Stock on track to gain for fourth straight day
** More than 3.8 mln shares traded as of 9:39 a.m. IST, 3.8x their 30-day moving avg
** Mean rating of stock is 'buy'; their median PT is 373.5 rupees - data compiled by LSEG
** PNCI last up 4.7%, cutting YTD losses to 6.7%

 (Reporting by Meenakshi Maidas in Bengaluru)

 ((meenakshi.maidas@thomsonreuters.com;))