Bhagyanagar India Limited — Important, 03-05-2025: General Updates

Bhagyanagar India’s subsidiary, Crescentia Technology, secured 11 awards totaling 65.7 MW solar capacity under the PM KUSUM scheme in Uttar Pradesh, with a project investment of Rs 230 Cr. Crescentia signed a 25-year power purchase agreement with the state energy agency, ensuring steady long-term revenue. This expands the company’s footprint in renewables, offering potential diversification and stable cash flows beyond its core business.