Mumbai, July 13 -- The company's discovered tariff stood at Rs 3.51 per unit, representing a 2.77% variation from the tender's starting tariff. The Letter of Award (LoA) is expected to be issued within the timelines prescribed under the tender document.

Upon receipt of the LoA, Powerica will enter into a power purchase agreement (PPA) with GUVNL for the supply of power from the project. The company said it will execute the project using its in-house engineering capabilities within the timelines specified in the tender.

Powerica made a debut on the stock exchanges on 2 April 2026, with its shares listing at Rs 375, marking a discount of 5.06% to the issue price of Rs 395. The company's initial public offering (IPO), which closed on 27 Ma...