PnPUtil.exe location in 64bit systems

If you ran cmd from a 32-bit process, you'd get the 32-bit cmd because of File Redirection (http://msdn.microsoft.com/en-us/library/aa384187.aspx). Do you get the 32-bit version of CMD when you run it from Explorer?

Try to access the batch files path like this:

echo %~dp0

For more information see the following quote from the command for /? that describes how the above command works:

You can now use the following optional syntax:

    %~I         - expands %I removing any surrounding quotes (")
    %~fI        - expands %I to a fully qualified path name
    %~dI        - expands %I to a drive letter only
    %~pI        - expands %I to a path only
    %~nI        - expands %I to a file name only
    %~xI        - expands %I to a file extension only
    %~sI        - expanded path contains short names only
    %~aI        - expands %I to file attributes of file
    %~tI        - expands %I to date/time of file
    %~zI        - expands %I to size of file
    %~$PATH:I   - searches the directories listed in the PATH
                   environment variable and expands %I to the
                   fully qualified name of the first one found.
                   If the environment variable name is not
                   defined or the file is not found by the
                   search, then this modifier expands to the
                   empty string

The modifiers can be combined to get compound results:

    %~dpI       - expands %I to a drive letter and path only
    %~nxI       - expands %I to a file name and extension only
    %~fsI       - expands %I to a full path name with short names only
    %~dp$PATH:I - searches the directories listed in the PATH
                   environment variable for %I and expands to the
                   drive letter and path of the first one found.
    %~ftzaI     - expands %I to a DIR like output line