Century Enka Limited has announced the execution of a Power Purchase Agreement (PPA) with ABREL Century Energy Limited, a Special Purpose Vehicle, for the establishment of a 9.9 MW wind-solar hybrid power plant as per the exchange filings.
This agreement is part of a strategy to procure power under the captive consumption mechanism.
The agreement involves setting up a 9.9 MW wind-solar hybrid power plant, with the power generated being supplied exclusively to Century Enka's facility in Bhosari, Pune, Maharashtra.
The scheduled commissioning date for this project is June 30, 2027. A grace period of 3 months is included in the timeline to handle potential delays.
In compliance with the Electricity Act, 2003, and the Electricity Rules, 2005, Century Enka is required to hold a minimum of 26% of the equity share capital of the power producer to qualify as a captive user of the power generated.
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In the March 2026 quarter, Century Enka's revenue from operations increased by 8.9% year-on-year (YoY) to ₹483.53 crore, up from ₹444.00 crore in the corresponding quarter of the previous year.
This also represents a 17.5% increase from ₹411.65 crore in the December 2025 quarter.
Net profit for the March 2026 quarter stood at ₹39.40 crore, marking a 482.8% YoY increase from ₹6.76 crore.
However, it showed a 66.0% increase from ₹23.73 crore in the December 2025 quarter.
As of June 22, 2026, at 1:16 PM, Century Enka share price on NSE was trading at ₹539.45, up by 2.78% from the previous closing price.
Century Enka's Power Purchase Agreement with ABREL Century Energy Limited for a 9.9 MW wind-solar hybrid plant is scheduled for commissioning on June 30, 2027. The agreement ensures compliance with relevant regulations and involves related party transactions conducted at arm's length.
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Published on: Jun 22, 2026, 5:27 PM IST
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