SAEL Industries Ltd. has signed Power Purchase Agreements for 880 MW of Solar PV Projects—480 MW in Gujarat with GUVNL and 400 MW in Punjab with PSPCL. Both projects are expected to be operational within 24 months. The Gujarat tariff is ₹2.56/kWh and Punjab’s is ₹2.97/kWh, both valid for 25 years.
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