Sahaj Solar approves 1.8 GWh BESS plant in Gujarat, 25 cr spend

Capex & Operations View source PDF Explain this filing

SAHAJSOLAR · price

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Price reactionminutes from the announcement price · days from the prior close

-2.8%Reaction day

₹86.95

prior close

₹84.10

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.7%-1.1% vs market

On the reaction day the stock moved 1.1 pts less than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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30m

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Sessions after the filingfrom the prior close

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Reaction day

-2.8-1.7-1.1

Next day

-2.2-4.2+2.0

-8.6-5.2-3.4

-10.9-7.4-3.5

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AI summary

Sahaj Solar board approved a new 1.8 GWh Battery Energy Storage System (BESS) manufacturing facility at Dakor, Gujarat. Investment is around 25 crore, funded via debt and internal accruals. To be operational within 12 months. Aims to vertically integrate the existing solar systems business. Existing capacity is currently nil.

Likely market impact

First foray into BESS manufacturing. About 25 crore capex adds debt. Execution within 12 months is the key watch.