H.G. Infra Engineering Ltd and Stockwell Solar Services Pvt Ltd receives LOA for project

A letter of award has been issued by Jodhpur Vidyut Vitran Nigam Limited to Stockwell Solar Services Private Limited consortium with H.G. Infra Engineering Limited (the "Company" or "HGINFRA") for the project of Solar Business.

The order is for design, survey, supply, installation, testing, commissioning, operation & maintenance for 25 years (unless extended by both the parties on mutual agreement) from Commercial Operation Date (COD) of grid connected solar power plant(s) through RESCO mode, its associated 33KV line/ 11 KV line (as applicable) to connect the various plant(s) with corresponding 33/11 KV GSS and Remote Monitoring System (RMS) of solar power plant(s) for solarisation of agriculture consumers connected on 11 KV feeders of the GSS, under KUSUM Scheme - Component C (Feeder Level Solarisation) in JDVVNL against TN-DSM-52 [sub - divisions (Matora & Tiwari) of Mathania division under Jodhpur district circle. Total Solar Plant Capacity 51.76 MW (AC).

The project will be implemented by a separate entity(ies) ('Project Company') incorporated/to be incorporated by Stockwell Solar Services Private Limited and H.G. Infra Engineering Limited directly or through its subsidiaries.

The scope of work of H.G. Infra Engineering Limited (along with Stockwell Solar Services Private Limited) will be Engineering, Procurement and Construction (EPC) and commissioning of Solar Power Plant.

Tentative Estimated construction / development cost is INR 220 Crore (Including GST)

Shares of H.G. Infra Engineering Limited was last trading in BSE at Rs. 909.65 as compared to the previous close of Rs. 905.85. The total number of shares traded during the day was 4352 in over 303 trades.

The stock hit an intraday high of Rs. 922.40 and intraday low of 900.30. The net turnover during the day was Rs. 3984691.00.

Source : Equity Bulls

Keywords

HGInfraEngineering INE926X01010 StockwellSolarServices Consortium OrderWin JodhpurVidyutVitranNigam SolarBusiness