Madhav Infra Projects Limited announced that it has received of Letter of acceptance for ? Design, Engineering, Procurement & Supply, Construction & Installation, Commissioning, Associated Transmission System and Operation & Maintenance of 15 MW (AC) Solar Photovoltaic Grid- Connected power plant? from Oil and Natural Gas Corporation Limited -ANKLESHWAR.

Significant Terms and Conditions of Contract: The time of completion and commissioning of the plant is 15 months from the date of issue of LOA. The COMC Contact period is 10 (ten) years; All other terms and conditions stipulated in the tender document including changes/modifications as a sequel to PBC. Contracts have been awarded by domestic/international entity: Domestic Entity.

Nature of Contract: Solar EPC Work for Solar PV Capital Time Period by which the Contract is to be executed: 12 Months; Broad Consideration of the Contract: INR 1,179,165,498 (Rupees One Hundred and Seventeen Crore, Ninety-one Lakhs, Sixty-Five Thousand, Four Hundred Ninety- Eight Only}.