Bhagyanagar India Limited — Important, 25-02-2025: General Updates

Bhagyanagar India Limited has received a Letter of Award for the development of a 53 MW (AC) Solar Power Project under the Mukhyamantri Saur Krushi Vahini Yojana 2.0 from Maharashtra State Electricity Distribution Company Limited (MSEDCL). This project involves an overall investment of ₹245 Crores. The contract stipulates a tariff of ₹3.09 per KWh, with a Government subsidy of ₹1.05 Crore per MW. Commissioning is required within 18 months, and the contract will last for 25 years from the project's commissioning date. This significant contract positions Bhagyanagar for sustainable revenue growth and reinforces its commitment to renewable energy initiatives. Investors should watch closely for the project's progress, as successful execution could enhance the company’s market presence and financial health.