Silgo Retail Limited has informed the Exchange about General Updates
SILGO · price
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Awaiting price reaction for this filing.
Silgo Retail Limited is acquiring a 100% equity stake in Hare Krishna Creative Realty Private Limited (HKCRPL), marking its entry into the renewable energy sector. HKCRPL has been awarded a 51 MW solar power project across 16 sites in Maharashtra (Aurangabad, Dhule, Solapur districts) by Maharashtra State Electricity Distribution Company Limited (MSEDCL), a state government entity. A 25-year Power Purchase Agreement (PPA) was signed on 28 March 2025 at a fixed tariff of ₹2.99 per kWh, supported by a government subsidy of ₹91.23 lakh per MW, totaling ₹46.53 crores across all 16 sites. This is a revised filing clarifying the original order announcement made on 23 August 2025.
This is a significant diversification move for a small retail company, adding long-term recurring revenue through a 25-year power purchase agreement and government subsidies worth ₹46.53 crores. The stock may see positive momentum as this signals growth beyond the core retail business, though execution and integration risks remain.