Infra stock hits 5% upper circuit after receiving LoA from NHPC for 1200Mw solar projectsInfra stock hits 5% upper circuit after receiving LoA from NHPC for 1200Mw solar projects

Introduction:

Leading infra company has secured a Letter of Award from NHPC Limited for a 70 MW solar power project in Gujarat. The project, part of a 1200 MW solar initiative, will be executed under tariff-based competitive bidding with a green shoe option.

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Share price movement of Teerth Gopicon:

On March 5, 2025, Teerth Gopicon Limited opened at ₹317.45, rising 3.59% from its previous close of ₹306.45. The stock hit a high of ₹321.75 (4.99%) and a low of ₹317.45. By 10:46 AM, it traded at ₹321.75, with a market cap of ₹386.09 crore.

Teerth Gopicon Secures 70 MW Solar Project from NHPC:

Teerth Gopicon Limited has received a Letter of Award from NHPC Limited for developing a 70 MW solar power project under the 1200 MW ISTS-connected solar scheme. The project will be executed under tariff-based competitive bidding with a green shoe option.

The solar project, located in Bhachau, Gujarat, will interconnect with the 400/220kV Amardi substation. The awarded contract mandates Teerth Gopicon to ensure a 25% capacity utilization factor (CUF). The project is expected to be completed within 24 months from the effective date of the power purchase agreement.

This contract strengthens Teerth Gopicon’s renewable energy portfolio and contributes to India’s clean energy expansion. The company affirmed its commitment to regulatory compliance and timely execution, ensuring adherence to NHPC’s project guidelines while focusing on sustainable energy growth.

Recent news on Teerth Gopicon:

As of February 10, 2025, Teerth Gopicon Ltd secured a Letter of Intent from JVVNL for a 39.4 MW solar project under the PM-KUSUM Scheme, covering design, installation, and operation of grid-connected solar plants with remote monitoring systems.

Stock performance of Teerth Gopicon for Period of 1 week, 1 month, and 6 months:

Teerth Gopicon Limited has witnessed a sharp decline in its stock performance, with a 15.0% drop over the past week, a 28.8% decline in one month, and a significant 56.6% fall over the last six months.

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Shareholding pattern of Teerth Gopicon:

Particulars	Dec 2024
Promoter	64.30%
FII	0.20%
DII	0%
Public	35.40%

About Teerth Gopicon:

Teerth Gopicon Ltd (NSE: TGL) is an ISO-certified civil and electrical contractor specializing in engineering construction. Focused on roads, sewerage, and water projects in Madhya Pradesh, it executes government and private sector contracts while expanding to other states.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.