Order Win
Powerica Secures 100 MW Wind Project Bid from SECI’s Wind Power Tender
NSE
POWERICA
BSE
544744
Powerica Limited has emerged as the successful bidder for a 100 MW wind power project under Solar Energy Corporation of India (SECI)’s competitive wind power tender. The project was secured through an electronic reverse auction with a discovered tariff of ₹3.85 per unit, while the Letter of Award (LoA) is expected to be issued as per the tender schedule.
PRICE-SENSITIVE TRIGGER
Event: Powerica wins a 100 MW wind power project bid under SECI’s Wind Power Tender.
Type: Order Win
Impact: Positive
Immediate Effect:
The order strengthens Powerica’s wind power project pipeline and enhances long-term revenue visibility, subject to the issuance of the Letter of Award and execution of the Power Purchase Agreement (PPA).
Financials:
Key Metrics:
- No financial performance metrics such as revenue, EBITDA, PAT, margins, or segment-wise earnings were disclosed in this announcement.
Highlight:
- Discovered Tariff: ₹3.85 per unit
What Happened ?
Powerica Limited announced that it has secured the winning bid for a 100 MW grid-connected wind power project in the electronic reverse auction conducted by SECI for procurement of power from a 2,000 MW wind power tender.
The competitive bidding process concluded on July 15, 2026, with Powerica submitting the successful bid at a tariff of ₹3.85 per unit. The company stated that the Letter of Award is expected to be issued within the timelines prescribed under the tender.
key details
Section Name:
Project Execution and Grid Integration
Key Highlights:
- Powerica secured the bid through SECI’s competitive e-reverse auction.
- The project capacity awarded is 100 MW.
- The company expects to receive the Letter of Award (LoA) as per the tender schedule.
- Following the LoA, Powerica will enter into a Power Purchase Agreement (PPA) with SECI.
- The company plans to execute the project using its in-house engineering capabilities while adhering to contractual timelines.
Note:
- Powerica has an established presence in the wind power business as an Independent Power Producer (IPP), EPC contractor, and Operations & Maintenance (O&M) service provider. According to the company, its operational wind portfolio currently stands at 330.85 MW, with EPC execution experience of 450.40 MW and O&M services covering 296.50 MW of installed capacity.
Risk Analysis
Summary:
- While winning the bid is a positive development, project execution remains contingent upon completion of contractual formalities and timely implementation.
Key Risks:
- Letter of Award has not yet been issued.
- Execution depends on signing the Power Purchase Agreement with SECI.
- Project timelines must comply with tender conditions.
- Construction, regulatory approvals, and execution delays could affect commissioning schedules.
Worst Case:
- Any delay in receiving the Letter of Award, execution of the PPA, regulatory approvals, or project implementation could postpone revenue generation from the project.
Risk Level: Medium
Company Commentary
- Powerica has emerged as the successful bidder for a 100 MW wind power project under SECI’s competitive bidding process.
- The discovered tariff for the project is ₹3.85 per unit.
- The company expects the Letter of Award to be issued within the prescribed tender timeline.
- After receiving the LoA, Powerica will execute a Power Purchase Agreement with SECI.
- The project will be implemented using the company’s integrated engineering and execution capabilities.
Official Exchange Filing: Powerica Limited
