Aditya Birla Renewables places lowest bid at Odisha solar power auctions

Azure Power, Mahindra Susten Pvt Ltd and Hero Solar Energy Pvt Ltd also participated in the reverse auction process

Aditya Birla Renewables Ltd, part of diversified business conglomerate Aditya Birla Group, has offered the lowest bid of Rs 2.79 per unit for putting up 75 Mw solar power project in Odisha in response to the 200 Mw solar power tenders floated by Gridco, the state-controlled bulk power trader.
 

At its first ever solar power auctions, Odisha has discovered competitive tariffs, beating its own expectations. The solar bid tariffs in the country has largely remained below Rs 3 per unit in calendar 2018, ranging between Rs 2.44 and Rs 2.75 per unit.

Three other players --- Sukhbir Agro Energy Ltd, Gupta