Silgo Retail awarded LOA for 48.5 MW solar power plants under PMKUSUM scheme
The order represents a substantial investment and revenue opportunity for the company, but the full impact will depend on successful execution and market conditions.
The announcement of a significant new order for solar power plants is likely to be viewed positively by investors.
* Silgo Retail Limited has been awarded a Letter of Award (LOA) from Jodhpur Vidyut Vitran Nigam Limited (JDVVNL) under the PMKUSUM Component A Scheme. * The LOA is for the design, survey, supply, installation, testing, commissioning, operation, and maintenance for 25 years of grid-connected solar power plants through RESCO Mode, including associated 11 KV lines and remote monitoring systems for 25 sites. * The combined capacity of the SPV Solar Power plants will be 48.5 MW. * The final levelized tariff is ₹3.03 per unit for 1 site and ₹2.60 per unit for 24 sites. * The project is expected to result in an investment of approximately ₹172 crore (including GST). * The 48.5 MW SPV Solar Power plants are projected to generate 7.92 crore units annually, resulting in an annual revenue of ₹20.79 crore.
What to do with a filing like this
Silgo Retail Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Silgo Retail Limited. Read the original for the full detail.