Madhav Infra Projects Limited announced that the Company has received Letter of Intent for Solar Project viz. Solar Projects: The Company has received Letter of Intent ("LOI ") from Gujarat Industries Power Comp ("GIPCL") for the following Solar Power Generation Company Limited. Project for a contract value of INR 3297.3 million.

Project: Design, Engineering, Supply, Construction, Erection, Testing, Commissioning and 3 years of Operation and Maintenance of 75MW(AC) solar Power Projects at Vastan near SLPP Tal-Ma ngrol Dist. Surat, Gujarat on Engineering, Procurement and Construction basis. Quantity in Mw: 75 MW.

Contract Period: 330 Days.