Great Nicobar power project moves toward tender award
NTPC advanced the 108 MW Great Nicobar gas engine power project after opening financial bids for site enabling works. The stock closed at ₹300, while futures showed a 0.9% open-interest increase with long build-up.
after close1 source ↓machine-written, see hownot a recommendation
- NTPC close
- ₹300.00
- On the day
- +0.67%
- Futures OI, long build-up
- +0.9%
- Put-call ratio
- 0.43
- Max pain
- ₹317.50
NTPC’s proposed 108 MW gas engine power plant for Great Nicobar Island moved closer to implementation after the company completed technical evaluation and opened financial bids for the site enabling works package on 20 Oct 2026. The tender status was updated on 21 Oct, according to the NTPC e-procurement portal cited by Nicobar Times.
Five techno-commercial bids were opened and admitted for financial consideration, while one bidder was excluded after its earnest money deposit was found invalid. The development brings the preliminary works package closer to a potential award, although the available update does not confirm the winning bidder, contract value or construction schedule. The project is part of the proposed power infrastructure for Great Nicobar Island ⚡ and represents a progression from tender evaluation toward execution.
For NTPC, the immediate market relevance is linked to project advancement rather than a disclosed financial contribution. OI Charts data showed the stock at ₹300.00 on 26 Oct 2026, up 0.67% on the day on volume of 6,215,343 shares. However, the stock remained near its 52-week low of ₹294.10 and had declined 4.4% over five sessions and 8.5% over 20 sessions. The broader energy and infrastructure context remains focused on whether the tender converts into an award and then into visible site activity 🏗️.
In derivatives, futures open interest rose 0.9% with a long build-up, while the futures price was at a 0.18% discount to the underlying. The put-call ratio was 0.43. For the 27 Oct 2026 expiry, OI Charts data placed max pain at ₹317.50, with the largest call open interest at ₹325 and the largest put open interest at ₹320. These levels provide the main positioning markers as the market assesses the tender development and the stock’s recent weakness
The next developments to watch are the formal award of the site enabling works package, disclosure of the selected contractor and any update on the project’s execution timeline. The source report did not provide a contract value or expected commissioning date.
Source: Nicobar Times, 26 Oct 2026
Not investment advice. For informational purposes only.