Yashhtej Industries (India) Limited commences revenue generation from 5 MW Solar Power Project under PM-KUSUM Scheme. Letter of award to act as a Solar Power Developer.
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Yashhtej Industries has started earning revenue from its 5 MW (AC) solar power project from 7th March 2026. The project was set up under the Mukhyamantri Saur Krushi Vahini Yojana 2.0, which is the Maharashtra state version of the central PM-KUSUM Scheme's Component C (feeder-level solarisation). The company had earlier received a Letter of Award to act as a Solar Power Developer for this capacity. Electricity generated will be sold to Maharashtra State Electricity Distribution Company Limited (MSEDCL) under a long-term Power Purchase Agreement. This was previously disclosed in the company's Draft Red Herring Prospectus (DRHP), suggesting the company is preparing for an IPO.
This marks the transition of the 5 MW solar project from development to revenue-generating stage, providing a new income stream and validating the company's renewable energy strategy. For shareholders, it represents execution of a previously announced plan, though the actual financial impact depends on tariff terms and project economics not disclosed here.