Batliboi Limited secures contract worth Rs. 52 crores

Batliboi Ltd- EEG Division, a major player in the solution provider in air pollution systems for Steel, cement, power, chemical, tyre industries etc, has announced today that it has secured a major new contract from SAEL Industries Limited for Design, Supply, Installation and Commissioning of pollution equipment for its upcoming Solar Cell Manufacturing facility located at Jewar, Uttar Pradesh. The contract is valued at ₹52 crores, represents a significant milestone in this divisions foray into the Solar Energy Sector.

Under the terms of the agreement, Batliboi Ltd - EEG Division will Design, Engineer, Supply, Install and Commission a PEX System to support SAEL Industries Limited's 6GW Solar Cell Line. The project is expected to be commissioned in the next 6-8 months. EEG has in past successfully commissioned PEX system for solar module manufacturing for Adani Mundra Solar Ltd.

This contract win symbolizes the EEG Division's capabilities to deliver innovative solutions. It also focuses with the Division's long-term strategy aligning with the government's initiative to encourage indigenous manufacturing of solar ecosystem.

"I am delighted to inform you that Batliboi Limited's EEG Division has secured a landmark ₹52 crore contract from SAEL Industries Limited to design, supply, install and commission a turnkey PEX system for a 6 GW solar cell manufacturing facility at Jewar, Uttar Pradesh. This order not only demonstrates our technical capabilities and execution strength in environmental engineering, but also represents a significant step in our strategic expansion into the solar manufacturing supply chain-an area aligned with India's priority for indigenous clean‑energy production. We expect the project to be commissioned within 6-8 months, and remain confident it will contribute positively to the Division's growth trajectory and long-term shareholder value." - Sanjiv Joshi, Managing Director, Batliboi Ltd.

Shares of BATLIBOI LTD. was last trading in BSE at Rs. 81.13 as compared to the previous close of Rs. 81.77. The total number of shares traded during the day was 4006 in over 44 trades.

The stock hit an intraday high of Rs. 82.62 and intraday low of 81.00. The net turnover during the day was Rs. 325732.00.

Source : Equity Bulls

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