Pennar bags solar project from NTPC REL

17 Oct 2022 CW Team

Hyderabad-based Pennar Industries has bagged an order from NTPC Renewable Energy Limited (NTPC REL) for its proposed 500 MW AC and 625 MW DC solar PV project at Bhadla in Rajasthan. The company said it had emerged as the lowest bidder in competitive bidding for the tender floated by NTPC REL. The project completion time is 12 and a half months and the scope of the project includes design, engineering, supply, construction, erection, testing and commissioning along with a three-year operation and maintenance contract, Pennar added.

According to Pennar, with this win, the company has bagged orders worth Rs 1,167 crore across all its business verticals during the month of September 2022 from players such as Reliance, Tata, NTPC, Thermax and TCI Limited.

Pennar Industries vice president of corporate strategy Sunil Kuram said the company has been trying to grow as an integrated company with a presence in solar EPC and manufacturing with the adoption of world class technologies.

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