Letter of Award (LOA) awarded to our subsidiary Companies Insolation Green Infra Private Limited, MGVI Green Infra One Private Limited and MGVI Green Infra Two Private Limited under PMKUSUM ....
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Insolation Energy's three subsidiaries have received Letters of Award from Jodhpur Vidyut Vitran Nigam Limited (JDVVNL), a Rajasthan government power distribution company, to set up 34 MW solar power plants across 17 sites under the PMKUSUM Component A Scheme. The contract covers design, supply, installation, commissioning, and 25 years of operation and maintenance, with an investment of about Rs. 113 Crores (including GST). Levelized tariffs range from Rs. 2.65 to Rs. 3.02 per unit, expected to generate annual revenue of approximately Rs. 14.74 Crores. Execution is targeted by FY 2026-27. The order is domestic and not a related-party transaction.
This government-backed solar EPC order strengthens Insolation Energy's order book and provides 25 years of recurring revenue, supporting long-term earnings visibility. Likely to be viewed positively by the market as it reflects continued momentum in the solar business.