Pennar bags solar project from NTPC REL

Hyderabad-based Pennar Industries has received 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 emerged as the lowest bidder in competitive bidding for the NTPC REL tender. The project lead time is 12 and a half months and the scope of the project includes design, engineering, supply, construction, assembly, testing and commissioning along with a three-year operation and maintenance contract, Pennar added.

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

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

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