Announced Mon, 24 Aug, 2026 · 09:51 IST
MSEDCL awards 99 MW solar project to subsidiary
INA · price
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Price reaction · full curve 14 horizons · vs prior close
+0.6%1-day move
₹93.40
prior close
₹94.66
base price
In-mkt
timing
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AI summary
Insolation Green Energy, a wholly owned subsidiary, received a letter of award from MSEDCL for nine grid connected solar projects in Maharashtra totaling 99 MW AC and 128.7 MW DC. The projects require about Rs 425 crore including GST, are due within 18 months, and are expected to generate about Rs 59.72 crore annually for 25 years at a tariff of Rs 2.90 per unit.
Likely market impact
Supports long-term revenue and capacity growth, but the Rs 425 crore investment and 18-month timeline create execution risk.