PVV Infra Limited , a company listed on the Bombay Stock Exchange (BSE: 536659), has made a significant move into the renewable energy sector by signing a Letter of Intent (LOI) to acquire a 49% equity stake in Aqua Dynamic Green Energy Pvt. Ltd. The investment targets the development of a 28 MW solar power project in Maharashtra, valued at approximately ₹107.70 crores.

Project Details

The solar power project, spread across four locations in the Buldhana district of Maharashtra, comprises:

PVV Infra will finance the entire project, which includes a 25-year Power Purchase Agreement (PPA) with Maharashtra State Electricity Distribution Company Limited (MSEDCL). The company has outlined a clear roadmap to increase its ownership to 100% post the lock-in period.

Project Status and Timeline

According to the company's disclosure, land acquisition, substation connectivity, and statutory requirements have already been secured. The project is currently in the execution phase, with commercial operations expected to commence in the fiscal year 2026-27.

Environmental Impact

PVV Infra projects that this solar installation will:

• Power approximately 45,000 households annually
• Reduce CO₂ emissions by an estimated 65,000 tons per year

Strategic Implications

This investment marks PVV Infra's entry into the high-growth renewable energy sector. The company has announced plans to scale its renewable energy portfolio beyond 100 MW capacity over the next three years, signaling a strong commitment to sustainable energy solutions.

Financial Outlook

The project is expected to generate stable revenues from its first full year of operations, contributing to immediate earnings accretion. The 25-year PPA framework ensures predictable cash flows, which is likely to enhance long-term shareholder value.

Management Commentary

In the company's official communication to the BSE, PVV Infra emphasized that this strategic move aligns with their long-term growth trajectory and strengthens their Environmental, Social, and Governance (ESG) profile.

Recent Corporate Actions

In a separate development, PVV Infra held its 30th Annual General Meeting on September 11, 2025. During the meeting, shareholders considered and voted on several resolutions, including:

• Adoption of financial statements for the year ended March 31, 2025
• Reappointment of Ravinder Terala as a director
• Approval for a stock split, proposing to subdivide each existing equity share of ₹10 face value into two equity shares of ₹5 face value each

This series of strategic moves and corporate actions underscores PVV Infra's focus on growth, shareholder value, and its pivot towards the renewable energy sector.

PVV Infra Limited has announced a significant move into the renewable energy sector, coupled with a key addition to its leadership team. The company has entered into a Letter of Intent to acquire a stake in a solar power project and appointed a new executive director, signaling a strategic shift towards sustainable energy solutions.

Strategic Investment in Solar Power

PVV Infra has signed a Letter of Intent to acquire a 49% equity stake in Aqua Dynamics Green Energy Pvt. Ltd., a company that has been awarded a 9 MW solar power generation project by Maharashtra State Electricity Distribution Company Limited (MSEDCL). The company plans to acquire the remaining 51% stake upon project completion, aiming for 100% ownership.

Key details of the investment include:

• Total project cost: ₹30.00 Crores, to be fully funded by PVV Infra
• Land acquisition: Already completed
• Expected project completion: March 2026
• Anticipated revenue generation: From April 2026, for the next 25 years

This move aligns with India's target of achieving 500 GW of renewable capacity by 2030 and reflects PVV Infra's commitment to expanding its footprint in the renewable energy sector.

New Executive Director Appointment

In a separate development, PVV Infra has appointed Mr. Nitin Sinha as an Additional Director under the Executive Director category, effective September 5, 2025. Mr. Sinha brings over 25 years of cross-industry experience to the role, including expertise in:

• Renewable energy
• Construction and infrastructure
• Real estate development and design
• Glass processing and solar glass manufacturing
• Agro-trading and food processing
• IT and data processing
• Nutraceuticals manufacturing and R&D
• Visual-based Artificial Intelligence
• Mines development and mineral trading

Mr. Sinha holds an MBA from Pune University and a Bachelor of Science in Mathematics Honours from St. Xavier's College.

Strategic Shift and Future Outlook

PVV Infra's investment in the solar power project marks a transformational shift for the company, moving beyond traditional infrastructure into high-growth, environmentally responsible energy solutions. The company aims to:

• Reduce dependence on fossil fuels and contribute to India's net-zero vision
• Build a portfolio of sustainable assets generating long-term, predictable revenue streams
• Leverage its expertise in infrastructure and project execution to deliver reliable and scalable renewable energy solutions

As India's renewable energy sector continues to grow, driven by government support and increasing demand for sustainable energy solutions, PVV Infra is positioning itself to capitalize on these opportunities and drive long-term value creation for its stakeholders.

The combination of this strategic investment and the appointment of an experienced executive with diverse industry knowledge signals PVV Infra's commitment to growth and innovation in the renewable energy sector.