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• 100 MW PPA with UPNEDA and 109 MW Solar EPC Contract in UP

• Board approves strategic expansion via SPV Model

PVV Infra Limited, an Infrastructure Company mainly into rooftop and ground-based solar power installations, has received two solar power orders valued at ₹799 crore.

PVV EVTech Private Limited, a subsidiary of PVV Infra Limited, has signed a 25-year Power Purchase Agreement (PPA) with the Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) for a 100 MW solar power project at various locations in the districts of Baghpat and Moradabad in the state of Uttar Pradesh. This project will be undertaken in Joint Venture with Nacof Oorja Pvt Ltd with a project cost of ₹384 crore approximately and an annual revenue of ₹53 crore approx.  

PVV Housing Private Limited, another subsidiary of the Company, also received EPC contract for a 109 MW solar power project in the state of Uttar Pradesh and in the districts of Baghpat and Moradabad, in collaboration with Nacof Oorja Pvt Ltd. The estimated value of the project is approximately ₹415 crore.

Subsequently, the Board of Directors also approved a strategic decision to expand the Company’s presence in the Renewable Energy sector through Special Purpose Vehicles (SPVs). This model, executed via subsidiary companies, enables focused execution of projects by geography and business vertical (Power Development and EPC), while improving operational efficiency and risk mitigation.

These initiatives are in line with the Company's long-term strategy to scale its presence in the clean energy sector, leveraging both development and EPC capabilities.