Refex Green Power Ltd wins tender from NTPC for 100 MW Solar Power Project

Refex Green Power Limited ("RGPL"), a wholly-owned subsidiary of Refex Renewables & Infrastructure Limited, has won a tender for setting-up of a 100-MW Solar Power Project, through bids invited by NTPC Limited (CIN: L40101DL1975GOI007966), a Maharatna company.

NTPC shall enter into a Power Purchase Agreement (PPA) with the successful Bidders selected based on the RfS No:NTPC/RE-CS/2024-25/Solar-01 dated 24-06-2024, for purchase of power for a period of 25 years.

RGPL or through any of its subsidiary (SPV) will sign a PPA with NTPC within 90-days after the issue of Letter of Award (LoA).

The Project cost is estimated @ ₹480 Crores.

The Scheduled Commissioning Date (SCD) for commissioning of the full capacity of the Project shall be the date as on 24 months from the Effective Date of the PPA.

Shares of Refex Renewables & Infrastructure Limited was last trading in BSE at Rs. 805.80 as compared to the previous close of Rs. 790.00. The total number of shares traded during the day was 1240 in over 17 trades.

The stock hit an intraday high of Rs. 805.80 and intraday low of 790.00. The net turnover during the day was Rs. 990470.00.

Source : Equity Bulls

Keywords

RefexRenewablesandInfrastructure INE332F01018 OrderWin NTPC 100MW SolarPowerProject