Australian Premium Solar Awarded Contract for 16 MW Grid-Connected Rooftop Solar Projects in Bihar
Australian Premium Solar (India) Limited has secured a major contract from South Bihar Power Distribution Company Limited (SBPDCL) Department of Power, Government of Bihar Undertaking. The prestigious order involves setting up 16 MW Grid-Connected Rooftop Solar Projects under the CAPEX plus RESCO mode Utility-Led Aggregation Model of the PM Surya Ghar-Muft Bijli Yojana (PMSG-MBY).The contract, awarded by the domestic entity SBPDCL, brings significant commercial prospects for Australian Premium Solar. The project involves developing 16 MW Grid-Connected Rooftop Solar Projects, with each plant having a capacity of 1.1 Kw intended for 14,185 consumers in the GAYA Circle of SBPDCL.
The financial structure of the order includes an initial CAPEX receipt in the first year, along with subsequent annual payments over the project lifespan.
Key details regarding the order are summarized below:
| Particulars | Details |
|---|---|
| Awarding Entity | South Bihar Power Distribution Company Limited (SBPDCL) |
| Nature of Contract | Setting up 16 MW Grid-Connected Rooftop Solar Projects under CAPEX plus RESCO mode Utility-Led Aggregation Model of PMSG-MBY. |
| Commercial Consideration | ₹ 68 Crore CAPEX received in the first year. Approximately ₹ 9 Crore is scheduled to be received every year for the next 10 years. |
| Promoter Interest | The promoter group has no interest in SBPDCL, and the transaction does not fall under related party transactions. |
The acquisition of this order is expected to enhance the customer base and contribute positively towards the profitability of Australian Premium Solar (India) Limited.
APS Stock Price Movement
Shares of Australian Premium Solar (India) Limited are edging higher to ₹315.65 as of 11:42 AM today, rising 1.87% off the previous close. The equity trades comfortably within its intraday range of ₹314 to ₹324, with a traded volume of 15,500 shares reported so far.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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