<h1>Infrastructure firm signs LOI to buy 49% now, remaining 51% later to fund 37 MW solar project under 25-year PPA</h1> An infrastructure company focused on solar rooftop installations entered a Letter of Intent to acquire an initial 49% stake in a renewable energy developer awarded a 37 MW solar project by a state electricity distribution company, with the remaining 51% to be acquired upon project completion. The acquisition funds a 37 MW (AC) solar project under a long-term PPA, with total execution costs of Rs.137.70 crore. Land acquisition is complete and development is underway, targeting completion by March 2026 and commercial operations from April 2026, with revenue streams projected over a 25-year term.