Subsidiary commissions 5 MW solar power project in Maharashtra

Greenfield CommissionedCapex & Operations View source PDF

HARIOMPIPE · price

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Price reaction · full curve 14 horizons · vs prior close

+4.0%1-day move

₹383.20

prior close

₹376.30

base price

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AI summary

Subsidiary Hariom Power and Energy has completed installation of a 5 MW AC (6 MW DC) solar PV power project at Hingoli, Maharashtra. Power generation has started and electricity is being exported to the MSEDCL grid. The company has applied for the Project Commissioning Certificate and COD declaration from MSEDCL.

Likely market impact

Positive step towards renewable energy adoption; adds a new revenue stream from solar power sales once COD is declared.