Agastya Energy Bags INR 106 Crore 47.8 MW Solar EPC Order

Core Announcement – Order Details

Awarding Entity: IMC Solar BDN LLP

Domestic/International Order: Domestic entity

Nature of Order/Contract:

Engineering, Procurement & Construction (EPC) and Operations & Maintenance (O&M) Contract for design, engineering, procurement, supply, packing, transportation, installation, construction, erection, inspection, interconnection, commissioning, testing, completion and delivery of the solar power plant, along with O&M of the delivered plant.

Order Value:

INR 106,04,00,000/- (One Hundred Six Crore Four Lakh Rupees Only) inclusive of applicable taxes and excluding O&M charges.

Project capacity: 47.8 MW located at 15 different sites.

Materiality Context:

Not Specified

Execution Timeline:

Installation & Commissioning – within 150 days from the allotment of land. The schedule is subject to land acquisition and may be extended accordingly.

Revenue Recognition / Billing Structure:

Not Specified

Key Terms & Payment Milestones:

Not Specified

Whether Related Party Transaction:

Yes. The contract was received from IMC Solar BDN LLP, which is a Step Down Subsidiary of the Company.

Promoter Group Involvement:

Not Specified

Financial Implication:

Not Specified