BSECompany Update23 Oct 2026 · 23 Oct 2026, 07:29 pm
Confirmation of Power Purchase AGreement with UGVCL details as per attachment
Emrock Corporation Ltd · 531676
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Emrock Corporation Ltd has confirmed a power purchase agreement with Uttar Gujarat Vij Company Limited for the supply of solar power aggregating 12 MW, comprising three solar power projects of 4 MW each. The PPAs are for a period of 25 years, subject to the terms and conditions of the respective agreements.
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Full Announcement
Emrock Corporation Ltd - 531676 - Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
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Date: October 23, 2026
The Manager
BSE Limited
The Corporate Relationship Department
Phiroze Jeejeebhoy Tower, Dalal Street, Fort
Mumbai – 400 001
Subject: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 – Confirmation of Power Purchase Agreements aggregating 12
MW with Uttar Gujarat Vij Company Limited
Scrip Code: - 531676
Dear Sir/Madam,
Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 (“SEBI LODR Regulations”), we wish to inform you that the Company
has received confirmation from Uttar Gujarat Vij Company Limited (“UGVCL”) in respect of Power
Purchase Agreements (“PPAs”) for the supply of solar power aggregating 12 MW, comprising three solar
power projects of 4 MW each at three different locations.
The PPAs are being entered into under the Gujarat Renewable Energy Policy, 2023, and provide for the
supply of solar electricity for a period of 25 years, subject to the terms and conditions of the respective
agreements.
The details required under Regulation 30 of the SEBI LODR Regulations, read with SEBI Circular No.
SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, are set out below
No. Particulars Details
(a) Name of the entity awarding the Uttar Gujarat Vij Company Limited (UGVCL)
order/contract
(b) Whether the order/contract has been Domestic entity
awarded by a domestic or international
entity
(c) Significant terms and conditions of the Power Purchase Agreements for the supply of solar
order/contract electricity aggregating 12 MW, comprising three
projects of 4 MW each, for a period of 25 years, in
accordance with the terms of the respective PPAs.
(d) Nature of the order/contract Power Purchase Agreements for the supply of solar
power
(e) Whether the order/contract is domestic Domestic
or international
(f) Time period by which the order/contract The PPAs provide for a tenure of 25 years. Power
is to be executed generation is expected to commence on or before
March 20, 2028, for one project and March 23,
2028, for the other two projects.
(g) Broad consideration or size of the Based on the estimated minimum annual generation
order/contract of approximately 77 lakh units per project and a
tariff of ₹2.76 per unit, the estimated annual revenue
is approximately ₹212.52 lakh per project.
Accordingly, the three projects are expected to
generate aggregate annual revenue of approximately
₹637.56 lakh (₹6.3756 crore), based on estimated
aggregate annual generation of 231 lakh units.
Actual generation and revenue may vary depending
on actual power generation and the applicable terms
of the PPAs.
(h) Whether the promoter/promoter No interest, to the best of the Company's
group/group companies have any knowledge and based on the information available
interest in the entity awarding the to it.
order/contract and, if so, the nature of
such interest
(i) Whether the order/contract would fall No; the transaction does not fall within related
within related party transactions and, if party transactions.
so, whether it is on an arm’s-length basis
Status of the Company's solar power projects and PPAs with UGVCL
Following the above confirmation, the Company's aggregate confirmed power supply commitments
with UGVCL stand at 40 MW, comprising the projects detailed below:
Number of Expected
Sr. plants Aggregate completion/commencement
No. Project status (4 MW each) capacity of power generation
1 Plant operational and 1 4 MW Already operational
generating power
2 Plants under erection and 6 24 MW May 24, 2027
commissioning
3 Newly confirmed PPA 1 4 MW March 20, 2028
4 Newly confirmed PPAs 2 8 MW March 23, 2028
Total confirmed capacity 10 40 MW —
In addition, the Company has a further proposal for solar power capacity with UGVCL that remains
under consideration and is subject to UGVCL's confirmation. This capacity has not been included in
the above total of confirmed commitments.
The Company will make any further disclosures, as applicable, in accordance with the SEBI LODR
Regulations.
We request you to kindly take the above information on record.
Thanking you,
For, EMROCK CORPORATION LIMITED
(Formerly, VAGHANI TECHNO - BUILD LIMITED)
Jatinkumar Tulsibhai Patel
Managing Director
DIN: 01473158
Place: Ahmedabad