Shares of Bhageria Industries rallied 9 percent to Rs 167.15 in early trade on October 10 after the company won a turnkey international solar engineering, procurement, and construction (Solar EPC) projects with comprehensive operation and maintenance and water proofing in APM Terminal, Kingdom of Bahrain.
The aggregate capacity of the project is 11.40 MWp with total order value of Rs 104.49 crore, without taking taxes into account.
This turnkey contract is for 10 years and is commissioning in next 8 months, company said.
"This win signify the company's entrance into global markets, marking a substantial stride toward realizing their vision of spearheading sustainable energy transitions on a global scale," said Suresh Bhageria, executive director and chairman of Bhageria Industries.
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On October 2, the company received a Letter of Award (LoA) for the execution of turnkey domestic solar engineering, procurement and construction (solar EPC) works of a ground-mounted solar power project with a 10-year comprehensive operation and maintenance contract from Paranjape Autocast Private Limited.
The aggregate capacity of the project is 4.5 MW (AC)/ 6.0 MWp (DC) and has a total order value of Rs 27.70 crore.
The project shall be installed at Village Kombhalne, Taluka Akole, Dist. Ahmednagar.
The share touched a 52-week high of Rs 189.00 and a 52-week low of Rs 111.60 on 09 November, 2022 and 29 March, 2023, respectively. The stock is trading 11.56 percent below its 52-week high and 49.78 percent above its 52-week low.
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