PVV Infra Secures Rs 799 Cr Solar Power Projects in Uttar Pradesh
PVV EVTech Private Limited, a subsidiary of PVV Infra, has signed a 25-year Power Purchase Agreement (PPA) with the Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) for a 100 MW solar power project across Baghpat and Moradabad districts. The project, undertaken jointly with Nacof Oorja Pvt. Ltd., entails an investment of approximately Rs 384 crore and is expected to generate annual revenue of around Rs 53 crore.
In addition, PVV Housing Private Limited, another subsidiary, has secured an EPC contract for a 109 MW solar power project in the same districts, also in collaboration with Nacof Oorja Pvt. Ltd. The estimated project value is about Rs 415 crore.
The company’s Board of Directors has also approved a strategic expansion plan to strengthen PVV Infra’s presence in the renewable energy sector through Special Purpose Vehicles (SPVs). This model, executed via subsidiaries, will allow focused project implementation by geography and business verticals (Power Development and EPC), enhancing operational efficiency and minimizing risks.
Published on:
07 October 2025
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