$OLAELEC

**Policy Support, Order Pipeline & Refinancing** ** $OLAELEC :** The government revised the **ACC PLI** timelines, allowing the company to retain the **full five-year incentive window until CY2031**, unlocking incentives of up to **₹7,240 crore**. **Impact:** **Strongly Positive;** extended PLI benefits strengthen long-term profitability and support battery manufacturing expansion. ** !NBCC (India):** Management expects **₹50,000–60,000 crore** of **new order inflows in FY27**, addressing concerns over delays in large-scale contract awards. **Impact:** **Positive;** a robust order pipeline enhances revenue visibility and supports long-term growth. ** !ACME Solar Holdings:** Successfully **refinanced ₹2,147 crore** through domestic financing, enabling the full redemption of **NCDs** issued by **12 operational SPVs** representing **450 MW** of capacity. **Impact:** **Positive;** refinancing is expected to reduce financing costs, improve the debt profile, and strengthen cash flows.