We wish to inform you that the Company has entered into Addendum to Memorandum of Understanding ("MOU") dated 08 November, 2025 to modify the terms of MOU dated 22 September, 2025 with ....
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RDB Infrastructure And Power Ltd has signed an addendum to its existing MOU (originally dated 22 September 2025) with Stargen Power Private Limited for executing solar power projects of 52 MW (AC) / 65 MW (DC) across 5 sites near Nagpur, Maharashtra. The EPC contract price has been revised upwards from Rs. 225 Crores to Rs. 276 Crores, an increase of Rs. 51 Crores (about 22.7%). The execution timeline is 1 year from the commissioning of all sites, subject to mutually agreed extensions. The counterparty is a domestic entity, and there is no promoter or related party interest in the awarding entity.
This is a positive development for shareholders as the company's order book has grown by Rs. 51 Crores through a contract revision, strengthening near-term revenue visibility in the solar EPC segment. However, execution and commissioning risks remain, and the actual impact will depend on timely project delivery.