ISMT Limited commissions solar plant at Mantha

ISMT Limited has announced that the installation of the Solar Plant situated at Mantha, Helas, Jalna 431504, Maharashtra has been completed in Phase I with the capacity of 35 MW DC (out of total project capacity of 70 MW DC) and the operations of the Solar Plant have commissioned from 1 July 2024 upon receipt of the commencement certificate issued by 'Maharashtra State Electricity Distribution Company Limited'.

The sum of around ₹138 Crores (net of recoverable taxes) has been incurred till date towards the capital expenditure and the same has been financed through internal accruals. Operations of the Solar Plant will benefit the Company by way of reduction in the power costs.

Shares of ISMT Limited was last trading in BSE at Rs. 139.60 as compared to the previous close of Rs. 131.35. The total number of shares traded during the day was 248758 in over 3997 trades.

The stock hit an intraday high of Rs. 146.90 and intraday low of 132.15. The net turnover during the day was Rs. 35006995.00.

Source : Equity Bulls

Keywords

ISMT INE732F01019 SolarPlant Mantha Commissioned