Hariom Pipe Industries Limited — New Orders, 04-03-2025: Bagging/Receiving of orders/contracts

Hariom Pipe Industries Limited (HPIL) has secured a Letter of Award (LoA) for a 60 MW (AC) solar power project under the Mukhyamantri Saur Krushi Vahini Yojana 2.0. This initiative aligns with HPIL’s commitment to renewable energy. The project, awarded by Maharashtra State Electricity Distribution Company Limited, includes a fixed power purchase agreement (PPA) tariff of Rs. 2.96/kWh for 25 years, alongside a subsidy of Rs. 1.05 Cr/MW. Additionally, an incentive of Rs. 0.25/kWh will be offered for the first three years contingent upon timely project commissioning. The project is expected to be executed within 18 months, marking a significant step in HPIL's strategic diversification into sustainable energy, providing potential long-term revenue stability and growth opportunities.