Mumbai, June 5 -- The project, developed by Onix IPP, a Special Purpose Vehicle (SPV), is spread across multiple locations in Maharashtra and has signed power purchase agreements (PPAs) with Maharashtra State Electricity Distribution Company (MSEDCL). These PPAs guarantee a fixed tariff of Rs 3.10 per unit for 25 years, ensuring stable and predictable revenue streams.

Financially, the project is estimated to generate gross annual revenue of Rs 108.11 crore, with Rama Steel's share amounting to approximately Rs 10.81 crore per year. Over the 25-year PPA term, the company expects total revenues of around Rs 270.28 crore from this investment.

This initiative aligns with the PM-KUSUM (Pradhan Mantri Kisan Urja Suraksha Evam Utthaan Mahabhiy...