Penny Stock Under Rs 10: Company Board Approves Strategic 9 MW Solar Investment and Appoints New Executive Director

PVV Infra has executed a Letter of Intent (LOI) with Aqua Dynamic Green Energy Pvt. Ltd. to acquire a 49 per cent equity stake, with plans to scale to 100 per cent ownership post lock-in. The project will operate under a long-term Power Purchase Agreement (PPA) with Maharashtra State Electricity Distribution Company Limited (MSEDCL), and the entire project cost, including GST, will be financed by PVV Infra.

The solar project covers multiple locations in Maharashtra, with capacities of 10 MW at Dasarkhed, Malkapur Buldhana; 5 MW at Fuly, Nandura Buldhana; 5 MW at Harsoda, Malkapur Buldhana; and 8 MW at Kinhola, Motala Buldhana, totaling 28 MW (AC). Land acquisition, substation connectivity, and all statutory approvals have been completed, with execution work already underway. Commercial operations are expected in FY 2026–27, with revenue generation starting from April 2026.

PVV Infra Limited is making a strategic shift towards the renewable energy sector with a significant investment of Rs 107.70 Crore in a 28 MW (AC) solar power project and the appointment of Mr. Nitin Sinha as Additional Director. The move underscores the company’s focus on sustainable growth and aligns with India’s clean energy targets.

PVV Infra expects the project to contribute to immediate earnings accretion from the first full year of operations and anticipates scaling beyond 100 MW within the next three years. The company highlights the project’s ESG impact, projecting to power approximately 45,000 households annually and reduce around 65,000 tons of CO₂ emissions per year, enhancing its environmental, social, and governance profile.

The move into renewable energy is driven by India’s goal of achieving 500 GW of renewable capacity by 2030, increasing demand for sustainable energy solutions, and strong government policy support. PVV Infra aims to reduce reliance on fossil fuels, contribute to India’s net-zero vision, and build a portfolio of sustainable assets with predictable revenue streams. This marks a transformational shift for the company from traditional infrastructure into high-growth, environmentally responsible energy solutions.

About company
PVV Infra Limited, a multifaceted infrastructure company with expertise in engineering, design, planning, and construction, has expanded its portfolio to include electric vehicle (EV) charging stations across India. This decision, driven by the growing demand for EV infrastructure, the potential for new revenue streams, and environmental benefits, aligns with the company's commitment to sustainability. The plan involves leveraging existing partnerships with industry experts to identify strategic locations like petrol pumps for station installation. To ensure smooth implementation, PVV Infra is exploring financing options and potential government subsidies to make this project a success.

The company has a market cap of over Rs 44 crore and company's stock is trading at 0.75 times its book value. The stock price is 88 per cent up from its 52-week high.