Mumbai, June 24 -- Under a competitive auction process, the Company has been awarded the bid and consequently received the Letter of Intent (LOI) for acquisition of Vento Power Infra Private from PTC India Financial Services.

The project involves the development of a 40 MW (AC) grid-connected solar power plant in the Bolangir District of Odisha, wherein the solar power generation shall be sold at a tariff of Rs 4.10 per unit for a period of approximately 18 years.

The acquisition cost for this project is Rs 115.61 crore. Further, the project has already achieved Partial Commercial Operation Date (PCOD).

The company, through its wholly owned subsidiary EIE Renewables, has acquired Soltrix Energy Solution, which has been awarded a 29 MW ...