DBL JV receives 100 MW solar project in Madhya Pradesh

Govt Defence OrderBusiness Updates View source PDF Explain this filing

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AI summary

DBL's 74%-owned DBL-APMPL joint venture received a letter of acceptance to develop a 100 MW grid-connected ground-mounted solar project in Mandsaur, Madhya Pradesh. It will supply power to Madhya Pradesh Jal Nigam for 25 years after a 24-month construction period, at Rs 2.09 per unit. MP Jal Nigam will provide about 315 acres of land and Rs 31.20 crore for 26% equity in the project company. The total contract value is not stated.

Likely market impact

Adds a long-duration domestic power contract and prospective revenue, but the financial impact is unclear because the contract value and profit margin are not disclosed.