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PVV Infra Limited is an Infrastructure Company mainly into solar power rooftop installations. The Company has announced the outcome of its Board of Directors meeting held today. The Board approved several strategic decisions aimed at enhancing the company's growth trajectory and strengthening its operational framework.

The company has entered into a Letter of Intent with Aqua Dynamics Green Energy Pvt. Ltd., which has been awarded a 37 MW solar power generation project by the Maharashtra State Electricity Distribution Company Limited (MSEDCL).

As part of the arrangement, PVV Infra will initially acquire a 49% equity stake in Aqua Dynamics Green Energy Pvt. Ltd., with the balance 51% to be acquired upon successful project completion, resulting in full ownership.

This investment is targeted towards the development of another 37 MW (AC) solar power project under a long-term Power Purchase Agreement (PPA) with Maharashtra State Electricity Distribution Company Limited (MSEDCL). The total investment involved in executing would be Rs. 137.70 crore.

The project has already achieved a major milestone with land acquisition completed and development activities underway. It is scheduled for completion by March 2026, with commercial operations and revenue generation expected to commence from April 2026. Designed to deliver long-term value, the project will generate stable revenues over the next 25 years while making a significant contribution to India’s renewable energy targets.

This initiative underlines PVV Infra’s commitment to building a sustainable and future-ready portfolio, aligned with India’s goal of achieving 500 GW renewable energy capacity by 2030.