Choice's subsidiary secures 45MW Solar Plant project in Maharashtra

Choice Consultancy Services Pvt. Ltd. (CCSPL), a leading consulting firm and a wholly-owned subsidiary of Choice International Ltd, has secured a mandate from the Maharashtra State Electricity Distribution Company Ltd. (MSEDCL) for the development of a 45 MW (AC) solar plant.

The project is awarded under the Mukhyamantri Saur Krushi Vahini Yojana 2.0 (MSKVY 2.0), launched as part of Component C of the PM-KUSUM scheme to facilitate feeder-level solarisation across Maharashtra.

In this project, Choice will act as the strategic consulting partner, leading the end-to-end advisory for project structuring, compliance management, and supervision across 18 substations in Maharashtra. Furthermore, we will oversee the installation of associated 11kV or 22kV lines and conduct testing and commissioning activities. With a 25-year Power Purchase Agreement (PPA) framework in place, this initiative will support decentralized solar generation for agricultural feeders.

Expressing enthusiasm for the project, Arun Poddar, CEO of Choice International Ltd, stated, " This project underscores our unwavering commitment to renewable energy and sustainable development. We are proud to contribute to Maharashtra's clean energy goals and play an active role in India's transition to a greener future".

The project is expected to generate a revenue of approximately X700 Crores creating lasting value for rural communities and reinforcing the company's leadership in the green energy consulting space.

This development marks a significant milestone in the journey of CCSPL, demonstrating its capacity to drive high-impact, sustainable infrastructure solutions.

Shares of CHOICE INTERNATIONAL LTD. was last trading in BSE at Rs. 504.75 as compared to the previous close of Rs. 503.25. The total number of shares traded during the day was 26517 in over 846 trades.

The stock hit an intraday high of Rs. 506.75 and intraday low of 493.10. The net turnover during the day was Rs. 13267607.00.

Source : Equity Bulls

Keywords

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