Bhageria Industries gains on bagging Rs 27.7-crore solar project

The project is scheduled to be commission in next six months.

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Shares of Bhageria Industries gained 1.5 percent in early trade on October 3 as the company received a solar power project from Paranjape Autocast Private Limited.

At 9:39am, Bhageria Industries was quoting Rs 155.15, up Rs 2.50, or 1.64 percent, on the BSE.

The company has received a Letter of Award (LoA) for the execution of turnkey domestic solar engineering, procurement and construction (Solar EPC) works of a ground mounted solar power project with 10 year’s comprehensive operation and maintenance.

Aggregating to a capacity of 4.5 MW (AC)/ 6.0 MWp (DC), this project has a total order value of Rs 27.70 crore (including comprehensive O&M), without taking taxes into account.

The project shall be installed at Village Kombhalne, Taluka Akole, Dist. Ahmednagar.

This turnkey project shall entail design, engineering, manufacture, supply, procurement, transportation, storage, insurance, erection, testing and commissioning along with an operation & maintenance for 10 years of this project.

The project is scheduled to be commission in next six months.

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The company is manufacturing specialty chemicals and exporter and its product range covers H-Acid, Sulphuric Acid, Vinyl Sulphone, Gamma-Acid and other Dye & Dyes Intermediates.

In year 2014, the company ventured in to solar power sector as well as solar EPC contracts.