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Shree Digvijay Cement Company informs about updates

Shree Digvijay Cement Company Ltd. | Cement & Construction Materials | Construction & Infrastructure | BSE: 502180 | NSE: SHREDIGCEM

11 Mar 2025 Evaluate

Shree Digvijay Cement Company has informed that in reference to the Letter dated 06 March 2025 sent to exchanges, intimating about the dispute between Shree Digvijay Cement Company (the Company), Continuum Green Energy (Continuum) and CGE Shree Digvijay Cement Green Energy (SPV), a Special Purpose Vehicle and part of Continuum portfolio of renewable energy project. As informed, the dispute has arisen between the Company, Continuum and SPV in relation to supply of green power by Continuum through SPV which was agreed to be for a contracted capacity of 8.10 MW hybrid wind and solar power (Project), pursuant to the Power Purchase Agreement (PPA) executed between the Company and SPV, and Share Purchase and Share Subscription Agreement (SPSA) executed between the Company, SPV and Continuum, both dated 06 April 2022. As per PPA, this Project was scheduled to be fully commissioned from the Scheduled Commencement Date of 06 January 2023. However, due to delay, fundamental breaches and negligence on the part of Continuum, Project was partly commissioned on 19 June 2023 and fully commissioned only on 24 January 2025. As per PPA, SPV and Continuum were obligated to compensate the Company for delayed commissioning and supply of electricity as per PPA. In this regard, the Company has claimed INR 20,42,28,922 (Rupees Twenty Crore Forty-Two Lakhs Twenty-Eight Thousand Nine Hundred Twenty-Two Only) by issuing debit notes to SPV in terms of the PPA, which were either to be paid by SPV or adjusted from the invoices issued by SPV for supply of power to the Company. SPV has issued invoices towards partly commissioned power from 19 June 2023 to 31 December 2025 amounting to INR 7,56,88,309/- (Rupees Seven Crores Fifty Six Lakhs Eighty Eight Thousand Three Hundred Nine only), but the compensation amount as per PPA has not been adjusted and therefore matter is in dispute for quite some time.

The above information is a part of company’s filings submitted to BSE.

Shree DigvijayCement Share Price

73.87 1.13 (1.55%)

17-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
Ultratech Cement	11887.30
Ambuja Cement	458.95
ACC	1431.85
Shree Cement	25301.95
Dalmia Bharat	1972.55
View more..

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