Powerica Secures 50MW Wind Project Bid from GUVNL in Competitive Auction
Powerica Limited, an established player in power solutions and renewables, has secured a bid for a significant wind power project through an e-Reverse auction conducted by Gujarat Urja Vikas Nigam Limited (GUVNL). The company was selected to undertake the 50 MW grid-connected Wind Power Project.The electronic reverse auction, which provided the opportunity for competitive bidding among participants, concluded on July 09, 2026. During the process, Powerica’s discovered tariff was ₹3.51 per unit, marking a 2.77% variance when compared to the tender start-price. The company anticipates that the Letter of Award (LOA) will be granted within the timeframe specified in the tender document.
Under the terms defined by the tender framework, Powerica Limited is set to enter into a direct Power Purchase Agreement (PPA) with GUVNL. This project's power procurement will directly contribute to GUVNL’s Renewable Purchase Obligations (RPO). Post-LOA, Powerica plans to utilize its in-house engineering capabilities to execute the project, ensuring delivery adheres to the contractually prescribed timelines.
Company Profile and Wind Energy Operations
Powerica Limited is an integrated power solutions provider specializing across multiple segments, including diesel generator sets (DG sets) and wind power projects as an Independent Power Producer (IPP). The company commenced its DG set business in 1984 and has been active in the wind power sector since 2008.The firm's current operational profile in the wind power sector includes:
| Operational Area | Portfolio Size | Number of Projects | Key Contracts/Role |
|---|---|---|---|
| Operational Wind Power Projects (IPP) | 330.85 MW | 12 | Long-term, fixed-tariff PPAs with GUVNL and SECI (generally 25-year term). |
| EPC for Balance of Plant (BoP) | 450.40 MW | 12 | Engineering, Procurement, and Construction experience in wind power projects. |
| O&M Services for BoP | 296.50 MW | 10 | Offering operation and maintenance services within the wind power industry. |
Through its comprehensive service offering, Powerica provides solutions ranging from DG sets (which operate on Cummins engines) to MSLG offerings in collaboration with HD Hyundai Heavy Industries Co., Limited.
POWERICA Stock Price Movement
Powerica Limited shares slipped by 0.49%, settling at ₹567.25 after trading closed today. The stock traded within a range spanning from a low of ₹558.20 to a high of ₹577.50, with a volume totaling 273,789 shares.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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