Bhageria Industries secures EPC contract from Paranjape Autocast; details inside

Bhageria Industries, a prominent Indian company engaged in the manufacturing and trading of dyes and their intermediates, as well as the generation and distribution of solar power, made a significant announcement on Monday.

According to the details in the press release, the company has secured a substantial order worth Rs 27.701 crore, which includes comprehensive O&M.

The company has received an order from Paranjape Autocast Private Limited, a globally recognised firm specializing in providing complex engineering products and services. This order pertains to the undertaking of Engineering, Procurement, and Construction (EPC) responsibilities for a ground-mounted solar power project with a capacity of 4.5 MW (AC) / 6.0 MWp (DC), accompanied by a comprehensive 10-year operation and maintenance commitment. The project shall be installed at Village Kombhalne, Taluka Akole, Dist. Ahmednagar.

This comprehensive turnkey project includes tasks such as design, engineering, manufacturing, supply, procurement, transportation, storage, insurance, erection, testing, and commissioning, as well as a 10-year commitment to operation and maintenance. The project is scheduled for commissioning within the next six months.

Share Performance 

The Bhageria Industries Limited stock opened the day at Rs 155.75 per share, marking a 2% increase compared to Friday’s closing price of Rs 152.65 per share. As of writing this article, the stock is trading at Rs 155.95 per share on the BSE.

The company currently holds a market capitalization of Rs 681 crore, and the stock has delivered an impressive return of 22% over the last six months.

Business Overview 

Bhageria Industries Limited is a prominent Indian company specialising in Specialty Chemicals Manufacturing and Export. Established in 1989, it initially focused on Dye & Dyes Intermediates, with a Vinyl Sulphone Plant in Vapi, Gujarat. Over the years, it expanded its product range to include H-Acid, Sulphuric Acid, Gamma-Acid, and more.

In 2014, the company ventured into the Solar Power Sector and Solar EPC Contracts. They began with a 480 KWp rooftop solar power plant and later commissioned a substantial 30 MWp project in Ahmednagar, Maharashtra, bringing their total solar portfolio to 38.79 MWp, including rooftop and ground projects. They have also successfully completed a 10 MWp Solar EPC Project in IPP Mode for a client.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.