Powerica entered the wind power sector in 2008 as an independent power producer before expanding into EPC contracting and O&M services for balance of plant.
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G_KARTHIKEYAN
Powerica Limited secured a 100MW wind power project through SECI’s competitive e-reverse auction on July 15, 2026, with a discovered tariff of ₹3.85 per unit. The Mumbai-based power solutions company emerged as a winning bidder in SECI’s 2,000MW grid-connected Wind Power tender. Shares of the company rose 2.80 per cent to ₹590.35 on the NSE on Thursday, touching an intraday high of ₹598.70, against a previous close of ₹574.25.
The Letter of Award is expected to be issued within timelines prescribed in the tender document. Following that, Powerica will sign a Power Purchase Agreement with SECI and execute the project using its in-house engineering capabilities.
The win adds to Powerica’s existing wind power portfolio. The company currently operates 330.85MW across 12 wind power projects, backed by long-term, fixed-tariff PPAs with GUVNL and SECI, typically for 25-year terms. Its EPC experience covers 12 projects totalling 450.40MW of installed capacity, while it provides operations and maintenance services at 10 wind power projects aggregating 296.50MW.
Powerica entered the wind power sector in 2008 as an independent power producer before expanding into EPC contracting and O&M services for balance of plant. Its core business, however, remains diesel generator sets, where it has operated since 1984 as an OEM partner to Cummins India for over four decades, offering generator sets ranging from 7.5 kVA to 10,000 kVA. It also develops medium-speed large generators in collaboration with HD Hyundai Heavy Industries.
The stock, which listed on the NSE on April 2, 2026, has gained 51.78 per cent year-to-date and trades within the NIFTY IPO index. Its total market capitalisation stood at ₹7,481.75 crore as of Thursday afternoon.
Published on July 16, 2026
