PVV Infra Announces 2 MoUs: Partnering with ITC Services (Taiwan) for Solar Tech and Strengthening Ties with Andhra Pradesh Government
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The company has a market cap of Rs 111 crore and the stock has given multibagger returns of 167 per cent from its 52-week low of Rs 2.02 per share.
PVV Infra Limited has entered a strategic Memorandum of Understanding (MoU) with Taiwan-based ITC Services Company Limited to accelerate its transition into advanced renewable energy manufacturing. This collaboration focuses on high-efficiency Solar cell production (TOPCon technology), Battery Energy Storage Systems (BESS), and smart power electronics. The 14–18 month technology transfer plan aims to establish a vertically integrated ecosystem, including 1.2 GW of solar cell manufacturing and 1 GW of module assembly, significantly addressing India's domestic supply chain gaps.
In alignment with this technological upgrade, the company has enhanced the scope of its existing agreement with the Government of Andhra Pradesh, nearly doubling the project investment from Rs 650 Crore to approximately Rs 1,250 Crore. This expansion covers the full manufacturing lifecycle from solar components to storage solutions, aiming to reduce import dependency and leverage state and central manufacturing incentives. The scaled-up project is designed to foster a regional clean-energy hub while generating large-scale employment and ensuring long-term financial viability.
To support these ambitious initiatives, the Board has appointed Mr Tse Hsiung Norman Lao as an Additional Director (Non-Independent), effective February 9, 2026. Mr Lao brings extensive international experience in advanced electronics and OEM ecosystems, which is expected to be vital for the commercialisation of the new technology. His leadership will focus on strengthening the company’s global partnerships and executing the phased deployment of the integrated manufacturing complex.
Additionally, the company has scheduled a Board of Directors meeting for Tuesday, February 10, 2026, primarily to review and approve the unaudited financial results and the limited review report for the quarter ended December 31, 2025. A key item on the agenda is the proposal to sub-divide (split) the company’s existing equity shares, reducing the face value from Rs 5 to Re 1 per share in compliance with the Companies Act, 2013. Additionally, the Board will discuss the timeline for issuing a postal ballot notice to shareholders and address any other incidental matters brought forward by the chairperson.
About the 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.
According to its annual results, the net sales decreased by 55 per cent to Rs 39.85 crore and net profit increased by 77 per cent to Rs 5.48 crore in FY25 compared to FY24. The company has a market cap of Rs 111 crore and the stock has given multibagger returns of 167 per cent from its 52-week low of Rs 2.02 per share.
Disclaimer: The article is for informational purposes only and not investment advice.