Akanksha Power and Infrastructure Limited — Important, 10-04-2025: Updates

Akanksha Power and Infrastructure Ltd. has disclosed a significant update regarding its acquisition of a 55% stake in Famous Power Limited (FPL). The acquisition is pending the completion of share dematerialization and payment processing. Recently, FPL signed a tripartite Power Purchase Agreement (PPA) with GRIDCO Limited and TP Northern Odisha Distribution Limited, committing to supply a total of 6.359 MW of solar power under the PMKUSUM Scheme for 25 years. This PPA is expected to enhance FPL's revenue potential, reinforcing the strategic value of the acquisition for Akanksha Power. The company is working to finalize the necessary formalities to complete the transaction, although effective consolidation of FPL will only occur once the conditions are fully met. Investors should monitor this development closely, as it could positively impact the company’s growth trajectory following the completion of the acquisition.