NSEPress Release3d ago · 6 Nov 2026, 07:22 pm
Press Release
Annu Projects Limited · ANNU
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Annu Projects Limited has signed a Memorandum of Understanding (MoU) with GEIE Solar Products India Private Limited for the procurement and supply of materials required for 8,000 grid-connected rooftop solar systems in Dausa, Rajasthan.
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Annu Projects Limited has informed the Exchange regarding a press release dated November 06, 2026, titled "Execution of Memorandum of Understanding (MoU) with GEIE Solar Products India Private Limited ".
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ANNU PROJECTS LIMITED
Corporate Identification No.: L45201DL2003PLC120995
Date: November 06, 2026
Sr. General Manager Sr. General Manager
Listing Department Listing Department
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers Dalal Street, Exchange Plaza, C-1, Block G
Mumbai - 400001. Bandra -Kurla Complex, Bandra (East),
Mumbai- 400051.
Scrip Code: 544893 Scrip Symbol: ANNU
Dear Sir/Ma’am
Sub: Press release - Execution of Memorandum of Understanding (MoU) with GEIE
Solar Products India Private Limited
Pursuant to Securities and Exchange Board of India (Listing Obligations and Disclosure
Requirements) Regulations, 2015, enclosed is Press Release dated November 06, 2026,
titled “Annu Projects Limited signs MoU with GEIE Solar Products India for supply of
materials for 8,000 rooftop solar systems under PM-Surya Ghar scheme”.
We request you to kindly take the above intimation on record.
Thanking You,
Yours faithfully,
For ANNU PROJECTS LIMITED
Charumita Bhutani
Company Secretary & Compliance Officer
M No. A64664
Regd. Office: Tel.: 40114237, 40114238
Plot No.11, 1st Floor, LSC, Sector-B-1, Website: www.annuprojects.com
Vasant Kunj, New Delhi-110070 E-mail: info@annuprojects.com
Annu Projects Limited signs MoU with GEIE Solar Products
India for supply of materials for 8,000 rooftop solar systems
under PM-Surya Ghar scheme
Agreement covers 8,000 grid-connected rooftop solar systems in Dausa, Rajasthan,
marking Annu Projects' expansion into the renewable energy segment
New Delhi, 06th November 2026: Annu Projects Limited, an established diversified
infrastructure EPC company with over two decades of experience across telecom,
sewerage, gas pipeline and railway signalling infrastructure, has signed a
Memorandum of Understanding (MoU) with GEIE Solar Products India Private
Limited for the procurement and supply of materials required for 8,000 grid-
connected rooftop solar systems in Dausa, Rajasthan.
Each system will have a capacity of 1.1 kWp and will be installed under the utility-
led aggregation model of the Government of India's PM-Surya Ghar: Muft Bijli Yojana,
which aims to promote rooftop solar adoption among households. Under the
arrangement, Annu Projects will be responsible for procuring and supplying the
required materials, while GEIE Solar Products India, the awardee of the project, will
undertake installation, commissioning and other project execution responsibilities.
The project is scheduled to be completed within six months, as stipulated under the
award.
The project constitutes Lot-3 (Dausa) of a tender floated by Jaipur Vidyut Vitran
Nigam Limited (JVVNL), which was awarded to GEIE Solar Products India. Under the
MoU, Annu Projects will procure and supply solar PV modules, mounting structures,
DC and AC cables, grid-tied inverters, internet dongles for remote monitoring and
other balance-of-system components required for the installations. The materials will
be procured in accordance with the technical specifications stipulated in the award
documents and will be subject to verification by JVVNL officials prior to purchase.
GEIE Solar Products India will be responsible for installation, commissioning, net
metering, beneficiary coordination and the applicable operations and maintenance
obligations under the project.
Commenting on the development, Mr. Sanjay Sarraf, Chairman and Managing
Director, Annu Projects Limited, said, "This MoU marks an important step in
expanding our participation in the renewable energy segment, leveraging our
established procurement and infrastructure capabilities. India's renewable energy
transition is creating significant opportunities across the infrastructure value chain,
with decentralised solar power emerging as an important driver of this transformation.
Government initiatives such as the PM-Surya Ghar scheme are further accelerating
household adoption of rooftop solar and strengthening the ecosystem for clean energy
solutions. Through this association, we look forward to contributing to the successful
implementation of the Dausa project while exploring opportunities in the evolving
renewable energy ecosystem. We believe that our experience across infrastructure
segments will enable us to participate in emerging opportunities and support our long-
term growth and diversification objectives."
Mr. Krishna Kadariya, Managing Director and Co-director, GEIE Solar Products
India Private Limited, said, "A dependable supply of materials is central to
completing installations on schedule. With rooftop solar adoption gaining momentum
in India, initiatives such as PM-Surya Ghar are creating opportunities to accelerate the
deployment of decentralised renewable energy solutions across households.
Successful execution of such large-scale programmes requires strong coordination
across procurement, technology, supply chains and on-ground implementation. This
MoU gives both companies a clear framework for the Dausa project, and we will work
with Annu Projects to meet the requirements of the award and support the timely
implementation of the installations."
The MoU represents an expansion of Annu Projects' participation in the renewable
energy ecosystem, complementing its established presence across infrastructure
segments. The company aims to leverage its procurement capabilities and project-
related experience to explore emerging opportunities across renewable energy and
allied infrastructure sectors.
About Annu Projects Limited:
Annu Projects Limited (formerly Annu Infra Construct (India) Private Limited) is a
New Delhi-headquartered infrastructure and EPC solutions company with a track
record spanning over two decades. Established in 2003, the company specialises in
the design, development, implementation and operations and maintenance of
infrastructure projects across telecom, sewerage, gas pipeline and railway signalling
segments. Its diversified capabilities encompass overhead and underground utility
infrastructure, catering to the requirements of government departments, public
sector undertakings and private sector organisations.
Supported by its fleet of specialised machinery and equipment and an experienced
leadership team, Annu Projects focuses on delivering infrastructure solutions across
multiple sectors. The company is led by Mr. Sanjay Kumar Sarraf, Chairman and
Managing Director, and Mr. Krishna Ranjan, Whole-Time Director.
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