RDB Infrastructure & Power Limited, a key player in the infrastructure sector, has made a significant move in the renewable energy space. The company recently announced a major solar power project deal, marking its commitment to sustainable energy solutions.

Project Details

RDB Infrastructure has entered into a Memorandum of Understanding (MoU) with Stargen Power Private Limited for the execution of solar power projects. The agreement outlines the following key aspects:

• Project Capacity: 52 MW (AC) / 65 MW (DC)
• Location: Five sites near Nagpur, Maharashtra
• Contract Value: Rs 225.00 crores
• Execution Timeline: One year from the commissioning of all sites, with possible extensions as mutually agreed

Contract Specifics

The Engineering, Procurement, and Construction (EPC) contract is entirely domestic in nature. RDB Infrastructure has confirmed that there are no related party transactions involved, and the promoter group has no interest in Stargen Power Private Limited, the entity awarding the contract.

Strategic Implications

This solar power project represents a significant opportunity for RDB Infrastructure to strengthen its position in the renewable energy sector. The contract's substantial value of Rs 225.00 crores is expected to have a positive impact on the company's financial performance in the coming years.

Regulatory Compliance

In compliance with regulatory requirements, RDB Infrastructure has made the necessary disclosures under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has informed both the BSE Limited and The Calcutta Stock Exchange Limited about this development.

Market Outlook

The solar power sector in India continues to grow, driven by the government's push for clean energy and the increasing cost-effectiveness of solar technology. RDB Infrastructure's latest contract aligns with this trend, potentially positioning the company for further growth in the renewable energy market.

As the project unfolds, stakeholders will be keenly watching RDB Infrastructure's execution capabilities and the impact of this significant contract on the company's overall performance in the infrastructure and power sectors.

RDB Infrastructure & Power Limited, a prominent player in residential and commercial real estate projects, has reported a significant increase in its financial performance for the quarter ended June 30. The company also announced key corporate governance updates, including the appointment of a new secretarial auditor.

Financial Highlights

The company's unaudited financial results for Q1 reveal remarkable growth in both revenue and profitability:

RDB Infrastructure & Power's net profit surged by 187.18% to ₹272.25 lakhs, compared to ₹94.80 lakhs in the same quarter of the previous fiscal year. The company's revenue from operations also saw a substantial increase of 120.04%, reaching ₹6,755.58 lakhs, up from ₹3,070.12 lakhs year-on-year.

Operational Highlights

A significant contributor to the company's revenue growth was the sale of the Anjana Project under a slump sale arrangement. This transaction generated ₹60 crore in revenue and yielded a profit of ₹2.49 crore.

Corporate Governance Updates

In line with its commitment to robust corporate governance, RDB Infrastructure & Power has made the following announcements:

1. Appointment of Secretarial Auditor: The company has appointed Ms. Prachi Todi as the Secretarial Auditor for a term of five consecutive financial years, from 2025-26 to 2029-30. This appointment is subject to shareholder approval at the upcoming Annual General Meeting (AGM).

2. Annual General Meeting: The 19th AGM of the company is scheduled for September 25, 2025.

3. Monitoring Agency Report: The company submitted a monitoring agency report confirming no deviation in the utilization of funds raised through the preferential issue of share warrants. Out of the total ₹277.93 crore raised, ₹145.92 crore has been utilized as of June 30, 2025.

Auditor's Review

L.B. Jha & Co., the company's statutory auditors, conducted a limited review of the financial results. They noted that the company recognized the income from the Anjana project as revenue from operations. However, the auditors suggested that only the differential amount (profit) should have been recognized under "Other Income" as the transaction does not represent income arising from the company's ordinary activities.

RDB Infrastructure & Power Limited continues to demonstrate strong financial performance and commitment to transparency in its operations. The company's strategic moves, including the sale of the Anjana Project and the appointment of a new secretarial auditor, reflect its focus on growth and corporate governance.

Investors and stakeholders will be keenly watching the company's performance in the coming quarters, as well as any further developments announced at the upcoming Annual General Meeting.