Madhav Infra Projects Limited receives LOI for solar power generation project

Madhav Infra Projects Limited has received Letter of Intent ("LOI") from Gujarat State Electricity Corporation Limited ("GSECL") for the following Solar Power Generation Project for a contract value of Rs. 87.27 Crores.

The order is for Design, Engineering, Supply & Procurement, Construction and Operation & Maintenance of 20 MW of Solar PV Grid Connected Power Plant at Chhattar, Dist. Jamnagar, in Gujarat. The contract period is 15 Months from NTP [Notice to Proceeds].

Shares of Madhav Infra Projects Ltd was last trading in BSE at Rs.5.26 as compared to the previous close of Rs. 5.53. The total number of shares traded during the day was 173880 in over 234 trades.

The stock hit an intraday high of Rs. 5.8 and intraday low of 5.26. The net turnover during the day was Rs. 937117.

Source : Equity Bulls

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