Announced Thu, 6 Aug · 15:49 IST
Powerica bags Letter of Award for 100 MW Wind Power Project from SECI
POWERICA · price
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Price reaction · full curve 14 horizons · vs prior close
+1.7%1-day move
₹524.00
prior close
₹524.70
base price
After-mkt
timing
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-0.6-1.8-1.9-1.4+1.7+0.8+7.1+9.5+5.9+7.4————
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AI summary
Powerica Limited has received a Letter of Award from Solar Energy Corporation of India (SECI) for setting up a 100 MW Wind Power Project in Gujarat at a fixed tariff of Rs 3.85 per kWh for 25 years. The project must be commissioned within 24 months from the date of the Power Purchase Agreement. SECI is a domestic government entity, and there is no promoter or related party interest in the award.
Likely market impact
Secures long-term 25 year revenue visibility from a government backed entity; positive for capacity addition and future earnings.