Intimation under Regulation 30 of the SEBI LODR for award of work order for setting up of Solar Power Plant.
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Awaiting price reaction for this filing.
Krishanveer Forge has awarded a work order to HYSOLWIN Green Power Solutions LLP to set up a 1.0 MWp (DC) solar power plant with a single-access tracker. The plant will operate on a captive open access model at Mahim, Taluka Sangole, District Solapur, Maharashtra, and will require about 3.5 acres of land. The total EPC value is ₹3.85 crore plus taxes, with installation expected within 5 months followed by a 1-month stabilization period. The company states the project will cut electricity costs and boost profitability, and the transaction is not a related-party deal.
A small-to-moderate capex move (₹3.85 crore) aimed at lowering power costs and improving margins over time. Short-term stock impact is likely limited; the real benefit will come once the plant is commissioned and savings flow through to earnings.