Addendum to Execution of Power Purchase Agreement
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Tulsyan NEC has issued an addendum to its previously announced Power Purchase Agreement dated March 20, 2026. The new clause clarifies that Manikaran Power Limited has awarded the power supply contract to Tulsyan NEC based on its technical capacity as the Generator, with appropriate connectivity to the State Electricity Grid. The clause also specifies that the sources of supply cannot be altered during the PPA tenure without Tulsyan NEC's prior consent. No contract value, tenure, or revenue impact details have been disclosed in this filing.
The addendum strengthens Tulsyan NEC's position in the PPA by giving it veto power over changes in power supply sources, which is a protective clause for the company. However, without disclosed contract value or duration, the stock impact remains uncertain and the material significance cannot be fully assessed.