RDB Infrastructure Revises Solar Power Contract to Rs. 276 Crores
RDB Infrastructure & Power Limited has modified its solar power project agreement with Stargen Power Private Limited, increasing the contract value from Rs. 225.00 crores to Rs. 276.00 crores. The project involves a 52MW (AC) / 65MW (DC) capacity solar power installation across 5 sites near Nagpur, Maharashtra. The timeline for completion is set at 1 year from the commissioning of all sites. This domestic contract is not a related party transaction and aligns with India's focus on renewable energy development.

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RDB Infrastructure & Power Limited has announced a significant modification to its solar power project agreement with Stargen Power Private Limited. The company has signed an addendum to the original Memorandum of Understanding (MOU), revising the contract value and reaffirming its commitment to renewable energy projects in Maharashtra.
Key Details of the Revised Agreement
| Aspect | Details |
|---|---|
| Original Contract Value | Rs. 225.00 crores |
| Revised Contract Value | Rs. 276.00 crores |
| Project Capacity | 52MW (AC) / 65MW (DC) |
| Project Location | 5 sites near Nagpur, Maharashtra |
| Project Timeline | 1 year from commissioning of all sites |
| Contract Nature | Domestic |
| Related Party Transaction | No |
Project Scope and Implications
The revised agreement underscores RDB Infrastructure's expanding role in India's renewable energy sector. The solar power projects, spread across five sites near Nagpur, Maharashtra, represent a significant investment in clean energy infrastructure. The increase in contract value by Rs. 51.00 crores suggests an expansion of the project's scope or adjustments to meet evolving requirements.
Execution and Timeline
RDB Infrastructure is committed to executing the solar power projects within one year from the commissioning of all sites. The agreement allows for potential extensions, providing flexibility to address any unforeseen challenges during the implementation phase.
Corporate Governance and Transparency
In compliance with SEBI regulations, RDB Infrastructure has promptly disclosed the contract modification to the stock exchanges. The company has confirmed that the contract does not involve any related party transactions or interests from the promoter group, emphasizing transparency in its business dealings.
Market Implications
This revised contract may be viewed positively by investors, as it represents an increase in the company's order book. The expansion of renewable energy projects aligns with India's growing focus on sustainable power sources, potentially positioning RDB Infrastructure favorably in the evolving energy landscape.
As the renewable energy sector continues to gain momentum in India, RDB Infrastructure's enhanced involvement in solar power projects may contribute to its growth prospects and market position in the infrastructure and power sectors.
Historical Stock Returns for RDB Real Estate Construct
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.96% | +3.07% | -18.92% | +3.14% | +955.39% | +955.39% |




































