Marsons Limited receives LoI for order worth Rs. 675 crores

Marsons Limited has received a Letter of Intent from NACOF OORJA to develop a 150 MW(AC) Grid-Interactive Ground-Mounted Solar PV Power Generation Plant. This project, which includes multiple units across different locations in Rajasthan, is being executed for RRECL under the KUSUM Scheme, aimed at providing daytime power to agricultural Consumers. This project we will be executing in technical collaboration with a third party "Aditya Clean Systems (P) Ltd" where the third party will provide us technical support.

NACOF OORJA reserves the right to cancel the work order in case performance of vendor is not as per agreed schedule or not adhering the to the desire quality norms.

Price - Rs. 4.50 Cr per MW (AC) inclusive of all applicable taxes and duties / GST as per the preliminary study of the project and quotations received (It may be noted that price can be reviewed further to DPR if required).

The total order value of the project is estimated at approximately Rs. 675 crorcs (inclusive of taxes and duties) and the execution timeline is set for twelve to eighteen months.

This marks a significant milestone for us as we make a strong entry into the renewable energy sector. We are confident that this is the beginning of significant growth in this promising segment.

Shares of Marsons Limited was last trading in BSE at Rs. 267.55 as compared to the previous close of Rs. 254.85. The total number of shares traded during the day was 181084 in over 587 trades.

The stock hit an intraday high of Rs. 267.55 and intraday low of 267.55. The net turnover during the day was Rs. 48449024.00.

Source : Equity Bulls

Keywords

Marsons INE415B01044 ElectricalEquipment LoI NACOFOORJA OrderWIn SolarPVPowerPlant