Powerica Limited has secured a 50MW wind power project from Gujarat Urja Vikas Nigam Limited (GUVNL) through a competitive bidding process, strengthening its position in the renewable energy sector. The company emerged as a winning bidder in the e-Reverse auction conducted by GUVNL for the purchase of power from 250MW grid-connected wind power projects. The electronic reverse auction was finalized on July 09, 2026, with a discovered tariff of ₹3.51 per unit, representing a 2.77% variance relative to the tender start-price.

Project Details

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

The Letter of Award (LOA) is expected to be awarded within the stipulated timelines prescribed in the tender document. Under the mandates laid out in the tender framework, Powerica Limited will enter into a direct Power Purchase Agreement (PPA) with GUVNL. The power procured from this 50MW allocation will directly support GUVNL in fulfilling its Renewable Purchase Obligations (RPO).

Execution and Portfolio Strength

Subsequent to the LOA, Powerica Limited will utilize its comprehensive in-house engineering capability to execute this project, ensuring delivery within the contractually prescribed tender timelines. 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.

Company Background

Powerica Limited operates as an integrated power solutions provider, specializing in diesel generator sets and the wind power business as an Independent Power Producer (IPP) and EPC contractor. The company entered the wind power sector in 2008 and has since developed capabilities as an EPC contractor and operation and maintenance (O&M) service provider for BoP. Its EPC experience covers 12 wind power projects with an aggregate installed capacity of 450.40 MW. This latest win further adds to the company's growing portfolio in the wind power segment.

Kabir and Kimaya Family Private Trust has confirmed that it did not create any encumbrance, directly or indirectly, on the shares held in Powerica Ltd during the Financial Year 2025-2026. The disclosure, submitted on April 08, 2026, was made in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulatory filing ensures transparency regarding the holding status of the promoter group during the specified financial period.

Regulatory Compliance

The declaration was addressed to the listing departments of BSE Limited and National Stock Exchange of India Limited, as well as the Audit Committee and Company Secretary of Powerica Ltd. The submission confirms that the Trust, along with persons acting in concert, has maintained a clean title over the shares throughout FY 2025-2026. Warmond Fiduciary Services Limited acted as the trustee for the Kabir and Kimaya Family Private Trust in making this statutory disclosure.

Key Details of Disclosure