Powerica Limited has secured a 100MW wind power project from Solar Energy Corporation of India Limited (SECI) through a competitive bidding process, expanding its renewable energy portfolio. The company emerged as a winning bidder in the e-Reverse auction conducted by SECI for the purchase of power from 2,000 MW grid-connected wind power projects. The electronic reverse auction was finalised on July 15, 2026, with a discovered tariff of ₹3.85 per unit. The Letter of Award (LOA) is expected to be issued within the stipulated timelines prescribed in the tender document.

Project Details

The following table summarises the key parameters of the awarded project:

Under the mandates laid out in the tender framework, Powerica Limited will enter into a Power Purchase Agreement (PPA) with SECI. Subsequent to the LOA, the company will utilise its comprehensive in-house engineering capability to execute this project, ensuring delivery within the contractually prescribed tender timelines.

Execution and Portfolio Strength

Powerica Limited operates as an integrated power solutions provider, specialising in diesel generator sets and the wind power business as an Independent Power Producer (IPP) and EPC contractor. The company's operational wind power project portfolio currently stands at 330.85 MW across 12 projects, supported by long-term, fixed-tariff PPAs with GUVNL and SECI. The company also continues to provide O&M services for balance of plant (BoP) at 10 wind power projects, with an aggregate installed capacity of 296.50 MW. Its EPC experience covers 12 wind power projects with an aggregate installed capacity of 450.40 MW.

The following table provides an overview of the company's wind power portfolio:

Company Background

The company commenced its DG sets business in 1984 and, in 1996, expanded its generator set portfolio to include medium speed large generators (MSLG). As one of the OEMs for Cummins India, the company has maintained a relationship with them for over four decades. The company continues to develop the MSLG segment in collaboration with HD Hyundai Heavy Industries Co., Limited on a non-exclusive basis. By integrating the DG set and MSLG offerings, the company provides a comprehensive range of generator sets with capacities ranging from 7.5 kVA to 10,000 kVA.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE921L01032/1c06fd62f89b45c2.pdf

Powerica Ltd received a Show Cause Notice under Section 270A of the Income Tax Act, 1961 for the Assessment Year 2021-22 on July 15, 2026. The company stated that the notice, downloaded from the Income Tax portal, does not have a material impact on its financials, operations, or activities for the current financial year. The communication follows a formal request submitted by the company for the rectification of an Assessment Order dated March 26, 2026, issued under Section 147 read with Section 144B of the Income Tax Act.

The company disclosed that the penalty notice appears to be a follow-up to the proceedings related to the Assessment Year 2021-22. Powerica has noted that the notice is rectifiable and is currently reviewing the order to evaluate the next steps. No aberrations, non-compliances, or specific penalties were identified in the communication received from the Income Tax Department.

Key Details of the Communication

The company confirmed that the details provided are in compliance with Regulation 30(13) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was submitted to the stock exchanges pursuant to an Industry Standards note issued via SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/P/CIR/2025/25 dated February 25, 2025.