Jhaveri Credits wins Andhra Pradesh solar rooftop Letter of Award

Govt Defence OrderBusiness Updates View source PDF Explain this filing

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AI summary

Jhaveri Credits received a Letter of Award on September 3, 2026 from New and Renewable Energy Development Corporation of Andhra Pradesh Ltd, a state government entity. Scope covers supply, installation and commissioning of grid connected rooftop solar power plants at various government institutions in Andhra Pradesh under RESCO mode. Tariffs range from Rs 3.98 to Rs 4.28 per unit across four capacity categories. Execution window is 90 days from scheduled commissioning. One time domestic order with no related party interest.

Likely market impact

Positive: entry into solar EPC space via a state government order. Total order value not disclosed, so revenue impact is unclear without further details.