Mumbai-based integrated power solutions provider Powerica is targeting steady growth of 10–12% driven by rising demand from data centres and infrastructure, while expanding its higher-margin wind power business. Chairman Bharat Oberoi said the company plans to become debt-free using IPO proceeds, leading to annual interest savings of ₹35–40 crore. Despite heavy reliance on Cummins, the company sees the long-term partnership as a strength and expects improved profitability from renewable expansion. Powerica’s ₹1,100 crore initial public offering will open for subscription on March 24 and close on March 27.
First Published: Mar 24, 2026 3:51 PM IS
