Core Announcement – Order Details

Awarding Entity: North Bihar Power Distribution Company Limited (NBPDCL)

Domestic/International Order: Domestic entity

Nature of Order/Contract:

Designing as per site conditions, engineering, manufacture/procurement, manufacturer's quality assurance, factory testing, transportation, handling, storage, erection including all civil/structural works, electrical and general works, piping, cabling, installation, provision for data acquisition with communication facility to centralized monitoring system of Bihar DISCOMs, testing, commissioning, services, project financing, permits/sanctions/clearance if any and insurance at all stages of this contract and supply of energy from the Rooftop Solar Plants and Mandatory 10 years O&M of the RTS system. The project involves setting up Grid-Connected Rooftop Solar PV Project on roofs of interested Kutir Jyoti Consumers with plant capacity of 1.1 kW each under CAPEX Plus RESCO mode in the Utility-Led Aggregation (ULA) model of the PM Surya Ghar – Muft Bijli Yojana (PMSG-MBY).

Order Value:

Rs. 78 Crore approximately (including GST) for 18,089 consumers where Grid-Connected Plant of 1.1 kW each to be installed.

Materiality Context:

The award builds on the Company's earlier order wins in Bihar state and reinforces its expanding presence under the PM Surya Ghar programme. This represents repeat business from state discoms.

Execution Timeline:

The projects are to be commissioned within 9 months from the execution of the respective Power Purchase Agreements (PPAs). The scope also includes operation and maintenance of the rooftop solar systems for a period of 10 years from commissioning.

Revenue Recognition / Billing Structure:

Not Specified

Key Terms & Payment Milestones:

Not Specified

Whether Related Party Transaction:

No

Promoter Group Involvement:

No

Financial Implication:

The projects carry an installation order value of approximately INR 78 Crore, with an estimated long-term revenue potential of approximately INR 67 Crore from energy supply over a 10-year tenure under the RESCO model, translating into a cumulative revenue opportunity of approximately INR 145 Crore. Each beneficiary household is expected to receive approximately 15,000 units of solar power over the contract period.