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POWERICA — Powerica News Story

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India's Powerica rises after wind project win

BUZZ-India's Powerica rises after wind project win

** Shares of Powerica POWR.NS rise as much as 3.5%; last up 1.5% at 575.5 rupees

** Generator maker secures 50 MW wind project bid from Gujarat Urja Vikas Nigam for a tariff of 3.51 rupees per unit

** Project will support Gujarat's renewable purchase obligation targets and adds to Powerica's existing 330.85 MW operational wind independent power producer portfolio, says ICICI Direct Research

** Stock up 57.1% since trading debut on April 2


(Reporting by Mridula Kumar in Bengaluru)

((Mridula.Kumar@thomsonreuters.com;))

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