Choice International Limited has informed the Exchange regarding a press release dated April 11, 2025, titled "Press release on mandate awarded to our wholly owned subsidiary M/s. Choice Consultancy Services Private Limited from Maharashtra State Electricity Distribution Company Ltd. for development of a 45 MW (AC) Solar Plant."
CHOICEIN · price
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Choice International Limited announced that its wholly owned subsidiary, Choice Consultancy Services Private Limited, has received a mandate from Maharashtra State Electricity Distribution Company Ltd. (MSEDCL) for the development of a 45 MW (AC) Solar Plant. MSEDCL is a government-owned electricity distribution company, making this a public-sector order. The project falls within the renewable energy space and involves developing a mid-sized solar installation of 45 MW capacity. Since the mandate is for the subsidiary, the financial impact will flow through Choice Consultancy Services, with Choice International as the parent beneficiary.
This is a positive development as it expands the group's order book in the high-growth solar/renewable energy sector and adds a government client to the portfolio, which typically signals credibility. Short-term stock reaction is likely modest since revenue recognition depends on project execution timelines, but it strengthens the long-term growth visibility for the subsidiary.