Annu Projects signs MoU for ₹44.3 Cr Solar Project
Annu Projects Limited has entered into a Memorandum of Understanding (MoU) with GEIE Solar Products India Private Limited for the procurement and supply of materials for a rooftop solar project. The underlying JVVNL award for this project has a total contract value of ₹44,30,56,000 (₹44.30 Crore). Annu Projects will be responsible for procuring and supplying specified materials, including solar PV modules, mounting structures, cables/wires, inverters, and monitoring equipment. GEIE Solar Products India Private Limited will act as the project executing agency, handling installation, commissioning, operation, and maintenance. The MoU clarifies that it does not create a partnership, joint venture, or agency relationship between the parties.
Key Highlights
- MoU signed for procurement and supply of materials for a solar project.
- Underlying project award value is ₹44.30 Crore.
- Annu Projects to supply materials; GEIE to execute and maintain.
- MoU does not establish a partnership or joint venture.
- No related party transaction involved.
Price Impact
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