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As part of the contract, the Company will supply power at a highly competitive tariff of Rs 5.383 per unit from a greenfield 2x800 MW (1500 MW net) Ultra-supercritical power plant to be set up under the Design, Build, Finance, Own, and Operate (DBFOO) model in the state.
This is further to the Uttar Pradesh cabinet approving the project earlier this month. The Company will now sign a long-term Power Supply Agreement (PSA) with Uttar Pradesh Power Corporation (UPPCL) under the Letter of Award (LoA) received on 10 May 2025.
This is second major PSA bid the company has won in the last one year, after receiving the composite 6,600 MW (1600 MW thermal and 5000 MW solar) LoI from Maharashtra State Electricity Distribution Company Ltd. (MSEDCL) in Sep 2024, which subsequently has been converted into a PSA.
For the full year,net profit declined 37.88% to Rs 12938.77 crore in the year ended March 2025 as against Rs 20828.79 crore during the previous year ended March 2024. Sales rose 11.62% to Rs 56203.09 crore in the year ended March 2025 as against Rs 50351.25 crore during the previous year ended March 2024.