Powerica Secures 100MW Wind Project bid from SECI's Wind Power Tender

Powerica Limited (NSE: POWERICA | BSE: 544744), has emerged as a winning bidder in the e-Reverse auction conducted by Solar Energy Corporation Limited (SECI) for purchase of power through competitive bidding process from 2,000 MW grid-connected Wind Power Projects. The company has successfully secured the bid for 100MW project. The electronic reverse auction was finalized on July 15, 2026, where Powerica Limited had submitted its competitive bid. The company's discovered tariff was ₹3.85 per unit. The Letter of Award (LOA) is expected to be awarded within the stipulated timelines prescribed in the tender document.

Project Execution and Grid Integration

Under the mandates laid out in the tender framework, Powerica Limited will enter into a Power Purchase Agreement (PPA) with the SECI.

Subsequent to Letter of Award, Powerica Limited will utilize its comprehensive in-house engineering capability to execute this project, ensuring delivery within the contractually prescribed tender timelines.

Powerica Limited (NSE: POWERICA | BSE: 544744), Powerica Limited is an integrated power solutions provider specializing in diesel generator sets ("DG sets"), for both primary and standby applications and also into Wind Power business as an Independent Power Producer (IPP) and EPC including O&M for Balance of plant. The company commenced its DG sets business in 1984 and, in 1996, expanded its generator set portfolio to include medium speed large generators ("MSLG"). As one of the OEMs for Cummins India ("Cummins India", along with its affiliates, "Cummins"), the company has maintained a relationship with them for over four decades. further, the company continues to develop the MSLG segment in collaboration with HD Hyundai Heavy Industries Co., Limited ("Hyundai") on a non-exclusive basis. By integrating the DG set and MSLG offerings, the Company provides a comprehensive range of generator sets with capacities ranging from 7.5 kVA to 10,000 kVA, designed to meet the distinctive requirements of diverse industries and applications. The company's generator set business comprises DG sets powered by Cummins engines, MSLG offerings in collaboration with Hyundai, and certain allied business activities ("Generator Set Business").

The company entered the wind power sector in 2008 as an independent power producer ("IPP"). Subsequently, it developed capabilities as an EPC contractor as well as an operation and maintenance ("O&M") service provider for balance of plant ("BoP"). Its operations in the wind power sector include developing and operating IPP projects as well as undertaking EPC and O&M activities for BoP primarily within the wind power industry ("Wind Power Business"). The company's Operational Wind Power Project portfolio of 330.85 MW having 12 projects is supported by long-term, fixed-tariff PPAs with GUVNL and SECI, generally with a term of 25 years. EPC for BoP experience covers 12 wind power projects with an aggregate installed capacity of 450.40 MW. Further, the company also provides O&M services for BoP at 10 wind power projects, with an aggregate installed capacity of 296.50 MW.

Source : Equity Bulls

Keywords

Powerica 100MW WindProject SECI