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PVV Infra executes LoI to acquire 49% equity stake of Aqua Dynamic Green Energy
Sep-12-2025

PVV Infra has executed a Letter of Intent (LoI) with Aqua Dynamic Green Energy to acquire a 49% equity stake, with a clear roadmap to scale up to 100% ownership post lock-in. The cost of the said acquisition is around Rs 107.70 crore (inclusive of GST). This investment is targeted toward the development of a 28 MW (AC) solar power project under a long-term Power Purchase Agreement (PPA) with Maharashtra State Electricity Distribution Company (MSEDCL). The land acquisition, substation connectivity, and statutory requirements have already been secured. Execution works are in progress, with commercial operations expected in FY 2026-27.

This marks its entry into the high-growth renewable energy sector, with a roadmap to scale beyond 100 MW in the next three years. The project will power around 45,000 households annually, abating around 65,000 tons of CO2 per year, thereby significantly strengthening the company’s ESG profile. 

PVV Infra is engaged into infrastructure business like multi-storied commercial and residential buildings, landscaping, duplex housing and housing for EWS, low middle and high income groups.

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