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Transrail Lighting To Acquire 49% Stake In 990 MW Solar Portfolio


19 October 2026
Transrail Lighting Ltd.

Board approved proposed 49% stake in NOPL Pace Green Energy for Rs20cr to develop 990MW AC solar in Maharashtra under PM-KUSUM with 25-year MSEDCL PPA at Rs3.10/unit; Rs3,900cr project cost with debt sanctioned, Transrail gets control with option to 100%. Context: first generation-ownership entry beyond EPC-only history.


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