Powerica wins 50MW wind project bid from GUVNL at Rs 3.51 per unit
POWERICA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.9 pts more than Nifty Microcap 250 and 2.1 pts more than its Heavy Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Powerica Limited won a 50MW wind power project in GUVNL's e-reverse auction at a tariff of Rs 3.51 per unit, about 2.77 percent below the tender start price. The company will sign a direct 25-year PPA with GUVNL and execute the project in-house. Powerica already operates 330.85 MW across 12 wind projects with long-term PPAs from GUVNL and SECI, and the new win adds to that portfolio.
Positive—government-backed order strengthens the wind portfolio with long-term revenue visibility. Awaiting Letter of Award for final confirmation.