Project Update12 May 2026, 07:21 pm
Emrock Corp to Implement Solar Project, ₹104.52 Cr Order
AI Summary
Emrock Corporation Ltd. has announced the commencement of implementation of its 24 MW AC solar power project, following a Power Purchase Agreement with Uttar Gujarat Vij Company Limited (UGVCL). The company's board has approved the project and placed a material procurement order worth approximately ₹104.52 Crores with Greenpill Renewable Energy Limited for the supply of Solar PV Modules/Panels. The project involves setting up 4 MW AC solar power plants at six locations in Gujarat, with power generation expected to commence by May 24, 2027. The Power Purchase Agreement with UGVCL is for 25 years, and is expected to generate revenue of approximately ₹1275.12 lakh per annum.
Key Highlights
- Emrock to implement 24 MW AC solar project under Gujarat Renewable Energy Policy.
- Material procurement order of approximately ₹104.52 Crores placed with Greenpill Renewable Energy Limited.
- Power Purchase Agreement with UGVCL for 25 years, targeting May 24, 2027 commencement.
- Projected revenue of approximately ₹1275.12 lakh per annum from the solar project.
- The project involves setting up 4 MW AC solar power plants at six locations in Gujarat.