Insolation Energy Subsidiaries Secure 34 MW Solar Project Under PMKUSUM Scheme; Share Price Surges

Insolation Energy Limited has announced a major win for its renewable portfolio, with three of its subsidiaries securing a Letter of Award (LOA) from Jodhpur Vidyut Vitran Nigam Limited (JDVVNL). The projects, awarded under the PMKUSUM Component A Scheme, will see the development of solar capacity totalling 34 MW across 17 sites.

Project Scope and Investment

The subsidiaries – Insolation Green Infra Pvt. Ltd., MGVI Green Infra One Pvt. Ltd., and MGVI Green Infra Two Pvt. Ltd. – have been mandated to design, supply, install, test, commission, and operate the plants for a 25-year period under the RESCO model. The scope also includes the associated 11 KV line linking the plants to 33/11 KV substations and the integration of a remote monitoring system.

The project is expected to be executed during FY 2026–27, with an investment size of around ₹113 crore, inclusive of GST. The group confirmed that the financial assistance will be purely domestic, with no promoter or related party involvement.

Tariff And Revenue Outlook

Tariffs for the awarded sites have been fixed at ₹3.02 per unit for one site, ₹2.70 per unit across thirteen sites, and ₹2.65 per unit for the remaining three. With a projected annual generation of 5.44 crore units, the combined facilities are estimated to generate ₹14.74 crore in revenue each year.

According to the contract terms, comprehensive operation and maintenance will be carried out for 25 years from commissioning, ensuring long-term reliability and efficiency.

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Insolation Energy Share Price Performance 

As of September 16, 2025, at 10:44 AM, Insolation Energy share price is trading at ₹196.80 per share, reflecting a surge of 1.57% from the previous closing price. Over the past month, the stock has declined by 10.00%.

Conclusion

By securing this award, Insolation Energy has strengthened its renewable pipeline and underlined its presence in India’s growing solar sector. With structured tariffs, a long-term O&M commitment, and a sizeable annual revenue stream, the 34 MW project stands out as a significant milestone under the PMKUSUM scheme.

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