Hariom Pipe Industries Ltd receives LoA under PM Kusum Scheme

Hariom Pipe Industries Limited ("HPIL") has forayed into the renewable energy sector. Hariom Pipe Industries Limited ("HPIL"), has received a Letter of Award (LoA) for Solar Power Developer (SPD) for Solar Photovoltaic Power generating stations of an aggregate capacity of 60 MW(AC) under "Mukhyamantri Saur Krushi Vahini Yojana 2.0 - a scheme launched for implementation of feeder level Solarization under Component C of PM Kusum Scheme".

The fixed PPA tariff for the 60 MW (AC) Solar Power capacity is Rs. 2.96/kWh for a period of 25 years at a subsidy of Rs. 1.05 Cr/MW. There is an additional incentive of Rs. 0.25/kWh for the first three years, upon the timely commissioning of the project.

Shares of Hariom Pipe Industries Limited was last trading in BSE at Rs. 344.90 as compared to the previous close of Rs. 340.15. The total number of shares traded during the day was 14426 in over 820 trades.

The stock hit an intraday high of Rs. 357.85 and intraday low of 334.10. The net turnover during the day was Rs. 5016584.00.

Source : Equity Bulls

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