The company’s board of directors granted approval to the fundraising plans in March and May last year.
The entire 1,600 MW of power capacity will be supplied to WBSEDCL under the 25-year PPA for catering to the electricity needs of growing demand in the region.
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It aims to provide premium living spaces being part of an integrated township possible with residential, commercial, and recreational facilities.
The project, which includes an investment of ₹696 Crore, has been funded through various modes including equity, debt, and internal accruals.
It plans to set up a solar cell and photovoltaic (PV) module manufacturing facility on the land with acquisition by Shakti Energy Solutions Ltd
The company has fixed March 20, 2025 as the record date for determining shareholders eligible to receive dividend.
This inspection, conducted from March 10 through March 13, 2025, was to evaluate compliance with the legal standards concerning bioequivalence studies.
The scope of development is performing construction of a six-lane, access-controlled greenfield highway from Deori village in Agra to Susera village in Gwalior.
No regulatory issues were raised by the USFDA at Unit-2 during the inspection, the company said in a regulatory filing.

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