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Promax Power Limited has received a Letter of Award from Hubli Electricity Supply Company Limited (HESCOM), a Government of Karnataka undertaking. This award is for setting up a 6.0 MW (AC) grid-connected solar power project under a Build, Own and Operate (BOO) / RESCO model. The project has an execution period of 25 years and is valued at an estimated ₹70–75 crore over the contract period, generating revenue at ₹2.97 per unit. This significant win marks the company's entry into the power generation segment, bolstering its renewable energy portfolio and enhancing recurring revenue streams for shareholders.