Powerica Ltd

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.

The stock debuted at Rs 375, marking a discount of 5.06% to the issue price. So far, the stock has hit a high of Rs 387.70 and a low of Rs 365.10. On the BSE, over 1.33 lakh shares of the company were traded in the counter so far. Powerica was subscribed 1.45 times. The issue opened for bidding on 24 March 2026 and it closed on 27 March 2026. The price band of the IPO is fixed between Rs 375 and 395 per share. The issue had comprised both an offer for sale and a fresh issue of equity shares (of Rs 5 face value) aggregating to Rs 400 crore and Rs 700 crore, respectively. The entire portion of the offer for sale had been by the promoters, i.e., the Naresh Oberoi Family Trust (Rs 280 crore) and the Kabir & Kimaya Family Trust (Rs 120 crore). Of the net proceeds, the company had proposed to utilize Rs 525 crore towards repayment and prepayment, in full or in part, of certain outstanding borrowings availed of by the company, and the balance towards general corporate purposes. Outstanding borrowings as of Feb 28, 2026, stood at Rs 1214.25 crore. Powerica is an integrated power solutions provider specializing in diesel generator (DG) sets for primary and standby applications, with a diversified presence across generator sets and wind power businesses. Its generator segment includes DG sets powered by Cummins engines and medium-speed large generators (MSLG) in collaboration with Hyundai, offering capacities ranging from 7.5 kVA to 10,000 kVA, along with allied products and services. The company also operates as an independent power producer (IPP) in the wind energy segment, with a growing portfolio of operational and under-construction projects, supported by long-term power purchase agreements. Additionally, it provides engineering, procurement, and construction (EPC) and operation and maintenance (O&M) services for the balance of plant (BoP) in wind projects. With a strong presence across industrial and infrastructure sectors, Powerica continues to benefit from sustained demand for reliable power solutions in India. Ahead of the IPO of Powerica on 23 March 2026, the company raised Rs 329.39 crore from anchor investors by allotting 83.39 lakh shares at Rs 395 each to 17 anchor investors. For the six months ended 30 September 2025, the firm recorded a consolidated net profit of Rs 127.87 crore and sales of Rs 1,447.44 crore.

The equity shares of Powerica (Scrip Code: 544744) are listed effective 02 April 2026 and admitted to dealings on the exchange in the list of ''B'' group securities. At 09:08 IST, the pre-open indicative price of the stock was at a discount of 29% to the offer price of Rs 395.