Powerica Ltd

Powerica Limited announced it received a Letter of Intent from Gujarat Urja Vikas Nigam Limited (GUVNL) for a 50 MW wind power project in the state of Gujarat, with power to be supplied at Rs 3.51/kWh for 25 years. The project is expected to be commissioned within 24 months from the date of the Power Purchase Agreement (PPA), which will be executed within 15 business days following tariff adoption by the Gujarat Electricity Regulatory Commission (GERC).

Powerica Limited informed the BSE Limited and National Stock Exchange of India Limited that it received a certificate from MUFG Intime India Private Limited, formerly Link Intime India Private Limited, confirming that no demat requests were received for processing during the quarter ended September 30, 2026, as all shares of Powerica Limited are held in demat mode.

Powerica Limited informed the Bombay Stock Exchange and National Stock Exchange of India that it will close its trading window for designated persons, including their immediate relatives, from October 1, 2026, and reopen 48 hours after the board meeting to consider the unaudited financial results for the quarter and half year ended September 30, 2026.

Powerica Limited announced that its members approved the appointments and re-appointments of several directors at its 42nd Annual General Meeting held September 24, 2026. These include the appointment of Mr. Maheswar Sahu as a Non-Executive Non-Independent Director, and the re-appointment of Ms. Renu Naresh Oberoi, Mr. Pradeep Omprakash Gupta, Mr. Udaya Shankar Jena, and Mr. Sunil Godwin Lobo as Whole-time and Independent Directors for further terms. The company also appointed M/s. Martinho Ferrao & Associates as its Secretarial Auditors for a five-year term commencing fiscal year 2026-27.

Powerica Limited announced it has received a Letter of Award from Solar Energy Corporation of India Limited (SECI) for a 100 MW wind power project in the state of Gujarat. The project, awarded on August 5, 2026, involves the supply of power at a rate of Rs 3.85/kWh for a period of 25 years, with a commissioning timeline of 24 months from the date of the Power Purchase Agreement (PPA). The order falls under a domestic entity and does not involve any related party transactions, according to the company's filing with the BSE Limited and National Stock Exchange of India Limited on August 6, 2026.

Powerica Limited will hold a board meeting on August 7, 2026, to consider and approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, according to a regulatory filing with the BSE Limited and National Stock Exchange of India Limited. The trading window for the company's securities will be closed from July 1, 2026, and will reopen 48 hours after the board meeting concludes.

Powerica Limited announced it has executed a Power Purchase Agreement (PPA) with Gujarat Urja Vikas Nigam Limited (GUVNL) to establish a 100 MW wind power project in Gujarat. The project, awarded by a domestic entity, will supply power for a period of 25 years at a tariff of Rs 3.435 per kWh and is expected to be completed within 24 months. The consideration for the project involves the supply of power from the 100 MW Wind Power Project, and neither the promoter group nor any group companies have any interest in GUVNL, nor does the agreement constitute a related party transaction.

The company's discovered tariff stood at Rs 3.51 per unit, representing a 2.77% variation from the tender's starting tariff. The Letter of Award (LoA) is expected to be issued within the timelines prescribed under the tender document. Upon receipt of the LoA, Powerica will enter into a power purchase agreement (PPA) with GUVNL for the supply of power from the project. The company said it will execute the project using its in-house engineering capabilities within the timelines specified in the tender. Powerica made a debut on the stock exchanges on 2 April 2026, with its shares listing at Rs 375, marking a discount of 5.06% to the issue price of Rs 395. The company's initial public offering (IPO), which closed on 27 March 2026, was subscribed 1.45 times. The IPO was priced within a band of Rs 375 to Rs 395 per share. The stock hit a record high of Rs 387.70 on 2 April 2026. Incorporated in 1984, Powerica is an integrated power solutions company engaged in the diesel generator (DG) sets business, wind power, and engineering, procurement and construction (EPC) and operation and maintenance (O&M) services. The company's standalone net profit rose 25.94% to Rs 34.28 crore on a 4.73% increase in revenue from operations to Rs 718.70 crore in Q4 FY26 over Q4 FY25. Shares of Powerica rose 0.93% to Rs 572 on the BSE.Powered by Capital Market - Live

Powerica will hold a meeting of the Board of Directors of the Company on 28 May 2026.

Powerica will hold a meeting of the Board of Directors of the Company on 21 April 2026.