Power Grid Corporation of India Limited has informed the Exchange about Commencement of commercial operation of 85 MW Solar PV Power Plant at Nagda, Ujjain (M.P.) established by POWERGRID through POWERGRID Energy Services Limited, its wholly owned subsidiary.
POWERGRID · price
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Power Grid Corporation of India Limited (POWERGRID) has started commercial operations of an 85 MW Solar PV Power Plant located at Nagda in Ujjain district of Madhya Pradesh. The project was developed by POWERGRID through its wholly owned subsidiary, POWERGRID Energy Services Limited. The plant is now contributing to the company's renewable energy portfolio and is generating revenue through power sales. This is part of POWERGRID's ongoing push into the clean energy segment beyond its traditional transmission business.
Adds 85 MW of operational renewable capacity, supporting POWERGRID's diversification into solar power generation and potentially adding a small, steady revenue stream. Limited immediate impact on stock price but positive for long-term green energy growth narrative.