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PVV Infra Ltd has signed a Letter of Intent with Aqua Dynamic Green Energy Pvt. Ltd to acquire a 49% equity stake, with a roadmap to scale up to 100% ownership post lock-in. The investment is directed toward a 28 MW (AC) solar power project with a total cost of approximately ₹107.70 Crores (inclusive of GST), fully financed by PVV Infra. The project is backed by a 25-year Power Purchase Agreement (PPA) with Maharashtra State Electricity Distribution Company Limited (MSEDCL), ensuring long-term revenue visibility. The project spans four locations in Buldhana district, Maharashtra, with land, substation connectivity, and statutory clearances already secured and commercial operations expected in FY 2026-27.
This move marks PVV Infra's entry into the renewable energy sector, offering predictable cash flows through a secured 25-year PPA and potential earnings accretion from the first full year of operations. For shareholders, it represents a diversification play into a high-growth segment, though the sizeable ₹107.70 Crore commitment and execution timeline until FY27 carry inherent project and return-on-capital risks.