What’s new

• Won 50 MW wind project in GUVNL reverse auction at ₹3.51/unit, a 2.77% discount.
• Expands operational wind portfolio from 330.85 MW to about 380 MW.
• Expected to generate roughly ₹384 crore annual revenue once operational.

Why it matters

At an estimated ₹384 crore annually, the new project adds a double-digit boost to Powerica's revenue, with a long-term PPA providing cash flow visibility. This win demonstrates execution capability in competitive auctions and de-risks future earnings.

What we’re watching

• Timeline for PPA signing and construction completion.
• Project financing details and cost of capital.
• Future auction pipeline in Gujarat and other states.

The full read

Powerica just landed a 50 MW wind project that will add roughly ₹384 crore in annual revenue once operational. That's a double-digit boost to its current top line. The win came via GUVNL's reverse auction at ₹3.51 per unit, a 2.77% discount to the start price, pushing Powerica's total wind portfolio to 380 MW from 330.85 MW. Construction will use in-house engineering capabilities. The company already operates its existing 330 MW under long-term PPAs, proving it can deliver. The open question is how quickly the new project will become operational and start contributing to earnings.

Primary source: BSE · NSE