Madhav Infra Projects Limited received of Letter of acceptance for Development of 15 MW Floating Solar PV Project at Maroda Reservoir-I, Of NSPCL in Bhilai, Chhattisgarh from NTPC-SAIL Power Company Limited. Significant Terms and Conditions of Contract: Design, Engineering, Procurement, Construction, Installation, Commissioning, Operation and Maintenance of 15 MW Floating Solar PV Project. Nature of Contract is EPC Contract.

Time Period by which the Contract is to be executed is 12 Months. Broad Consideration of the Contract is INR 903,488,913.