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Ashnisha Industries enters into agreement with UGVCL, GETCO

05 Mar 2025 Evaluate

Ashnisha Industries has successfully entered into two agreements on March 4, 2025 that are essential for the implementation and operation of the Solar Power Project at Village UN, Taluka Kankrej, District Banaskantha. 

The company has entered into Agreement for Connection with UGVCL (Uttar Gujarat Vij Company), the distribution company and GETCO (Gujarat Energy Transmission Corporation), the transmission company. The purpose of the Agreement for Connection with UGVCL and GETCO is to define the terms and conditions for connecting the solar power plant to the grid, ensuring compliance with technical, safety, and regulatory standards, and establishing the responsibilities of all parties for the successful interconnection and operation of the plant. 

The company has also entered into Power Purchase Agreement (PPA) with Uttar Gujarat Vij Company. The company will act as the power producer, and UGVCL will serve as the power procurer. The purpose of the PPA between the company and UGVCL is to formalize the arrangement under which the company will generate and sell electricity from the solar power plant to UGVCL, ensuring a stable and long-term power procurement partnership.  

The company is engaged in the business of trading of various steel products and trading of goods.


Ashnisha Industries Share Price

3.65 -0.04 (-1.08%)
17-Apr-2026 16:59 View Price Chart
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