Madhav Infra Secures 73.15 MW PPAs Under PM-KUSUM

28 Apr 2026 CW Team

Madhav Infra Projects Ltd has secured nine power purchase agreements (PPAs) with Madhya Pradesh Power Management Co. Ltd (MPPMCL) for a cumulative solar capacity of 73.15 megawatt (MW). The agreements were signed under component-C of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) scheme and cover feeder-level solarisation projects across Madhya Pradesh. The company will develop and operate the projects and supply power to the state utility.

Under the nine PPAs, Madhav Infra Projects will deliver a combined operational capacity of 73.15 MW and assume responsibility for project construction, operation and maintenance over the contract term. The projects form part of a wider national drive to decentralise generation and to provide stable income streams for stakeholders through contracted tariffs. The contracts specify the authorised framework for grid integration and local dispatch.

The supply arrangements set approved tariffs ranging from Rs two point seven one per kWh to Rs two point seven three per kWh for a PPA duration of 25 years, ensuring long term revenue visibility for the developer. The tariff band reflects competitively bid rates within the scheme guidelines and is intended to support viability for distributed solar assets feeding into rural feeders. The PPA structure locks in the commercial terms and allocates operational responsibilities between the parties.

The award of these agreements reinforces Madhav Infra Projects' position in the distributed solar segment and contributes to incremental renewable capacity in the state without requiring additional centralised infrastructure. Implementation of the projects is expected to advance feeder level energy security and to facilitate integration of solar generation at the distribution level. The company will now proceed to detailed project planning and execution in line with the contractual milestones set by the utility.

Infrastructure Urban

28 Apr 2026

MRPL Board Approves Results For Year Ended March 2026

The board of Mangalore Refinery and Petrochemicals Limited approved audited standalone and consolidated financial results for the fourth quarter and year ended 31 March 2026. The board meeting was held on 24 April 2026 and approved the accounts for the quarter and the financial year. The company reported revenue from operations for the quarter of Rs 284,930 million (mn). This compares with the prior period figures disclosed in the filing. Profit before tax for the quarter was Rs 12,350 mn, up from Rs 5,840 mn in the corresponding quarter of the previous year. Profit after tax for the quarter w..

Reliance Posts Record Annual Revenue And Profit For FY26

Reliance Industries reported record annual consolidated revenue of Rs 11,759.19 billion (bn) for the year ended 31 March 2026, reflecting an increase of nine point eight per cent year on year, and annual consolidated EBITDA of Rs 2,079.11 bn, up thirteen point four per cent. Annual profit after tax reached Rs 956.10 bn, rising eighteen point three per cent, and the board declared a dividend of Rs six per share. Quarterly consolidated gross revenue stood at Rs 3,252.90 bn while quarterly EBITDA was stable at Rs 485.88 bn, with capital expenditure for the year at Rs 1,442.71 bn as the group adva..

Lodha Posts Record Pre-sales And Reduced Net Debt In FY26

Lodha Developers reported strong FY26 performance, with record annual pre-sales of Rs 205,300 million (mn) and a marked reduction in net debt to Rs 53,770 million. The report covered the quarter ended 31 March 2026 and noted the best-ever quarterly and annual pre-sales, driven by rising collections and operational efficiencies. Net debt to equity stood at 0.23x by quarter end, reflecting low leverage alongside scaled business expansion. The company delivered profit after tax of Rs 34,310 million, up 24 per cent, with PAT margin improving to 20.0 per cent from 19.5 per cent a year earlier. Duri..