Latest Order Win, for 100 MW Solar Power
The Company successfully bagged 100 MW Solar Project @ ₹2.54/Unit on Build Own and
Operate basis through a tariff based competitive bidding process of GUVNL Phase XXISJVN Green Energy Limited (“SGEL”) at a tentative cost of ₹550 crores.
Current Hydro + Solar Capacity: 59,87 MW.
Anticipated 12,000 MW by 2026 and company wants to acheive 25,000 MW by 2030 & 50,000 MW installed capacity by 2040 as per management. (Take it with large pinch of Himalyan Salt
Most of new capacity is solar. They are not into EPC or Solar Manufacturing.
Company is developer and operator of Solar Power Plant selling energy thorugh PPA and direct contracts.
Currently over-extended i beleive but long term should compound well.
Disclosure: Invested at much lower price.
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