Date: September 8, 2026
Board Meeting Outcomes
- The company received a Letter of Intent (LOI) from Emmvee Energy Private Limited for setting up a Wind-Solar Hybrid Power Project under the Group Captive route
Operational / Strategic Disclosures
Project Details:
- Total project size: 42 MW (21 MW Wind capacity + 21 MWp Solar capacity)
- Project type: Wind-Solar Hybrid Power Project under Group Captive arrangement
- Location: Karnataka
- Client: Emmvee Energy Private Limited
- Purpose: To meet captive power requirements of Emmvee Energy Private Limited's manufacturing facilities in Karnataka
Strategic Significance:
- Marks the company's first order in the State of Karnataka
- Represents geographical expansion beyond core markets
- Strengthens company's presence in C&I (Commercial & Industrial) and Group Captive space
- Reinforces position as a trusted renewable energy partner
Contract Terms:
- Nature: Letter of Intent (LOI)
- Awarding entity: Domestic entity (Emmvee Energy Private Limited)
- Execution timeline: To be mutually agreed upon under the definitive agreement
- No promoter/promoter group/group company interest in the entity awarding the order
- Not a related party transaction