Business Update14 May 2026, 08:31 pm
Dynavision Green Solutions: 450 kW Capacity Addition Approved
AI Summary
Dynavision Ltd's subsidiary, Dynavision Green Solutions Limited, received approval for a related party transaction from Dynavision Limited's Audit Committee on May 14, 2026. The subsidiary's Board approved a Power Sale and Power Purchase Agreement (PSPP) with Apollo Hospitals Enterprise Limited for the sale of solar power under a captive consumption arrangement related to a "Phase 3 – 450 kW" capacity addition at the Aruppukottai Solar Power Plant (ASPP). The project will be funded through internal accruals and external debt/financial assistance. Additionally, Dynavision Ltd's Board approved extending a corporate guarantee in favor of HDFC Bank for a loan availed by Dynavision Green Solutions Limited.
Key Highlights
- Dynavision Green Solutions to add 450 kW capacity at Aruppukottai plant.
- Power purchase agreement approved with Apollo Hospitals Enterprise.
- Project funding to come from internal and external sources.
- Dynavision Ltd to provide corporate guarantee for subsidiary's loan from HDFC Bank.