PVV Infra Ltd, an infrastructure company mainly into rooftop and ground-based solar power installations, said its two subsidiaries have received two solar power orders valued at ₹799 crore.

PVV EVTech Private Ltd, a subsidiary of the company 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 at various locations in the districts of Baghpat and Moradabad in the state of Uttar Pradesh. 

This project will be undertaken in Joint Venture with Nacof Oorja Pvt Ltd with a project cost of about ₹384 crore and an annual revenue of about ₹53 crore, the company said. 

PVV Housing Private Ltd, another subsidiary of the company , also received EPC contract for a 109 MW solar power project in the state of Uttar Pradesh and in the districts of Baghpat and Moradabad, in collaboration with Nacof OorjaPvt Ltd. The estimated value of the project is about ₹415 crore.

Subsequently, the Board of Directors also approved a strategic decision to expand the company’s presence in the Renewable Energy sector through Special Purpose Vehicles (SPVs). 

“This model, executed via subsidiary companies, enables focused execution of projects by geography and business vertical (Power Development and EPC), while improving operational efficiency and risk mitigation,” the company said.