Dynamic Services & Security Gets Approval for ₹1,080 Cr Solar Project

Dynamic Services & Security Ltd has received approval from the Maharashtra government for a new solar PV panel manufacturing facility in Raigad. The ₹1,080 crore project will have a 1,800 MW capacity and is supported by the state’s Package Scheme of Incentives (PSI) 2019.

Solar Project Approval Details

Dynamic Services & Security Ltd. has received approval from the Maharashtra government to set up a solar PV manufacturing facility in MIDC Villebhagad, Raigad, with a ₹1,080 crore investment.

The facility will have a production capacity of 1,800 MW and is supported under the state’s Package Scheme of Incentives (PSI) 2019.

This project will not only enhance the region’s industrial growth but also mark the company’s entry into renewable energy, aligning with India’s clean energy goals.

About Dynamic Services & Security

Dynamic Services & Security Ltd. is a leading provider of integrated security solutions and services, catering to a wide range of industries across India. The company specialises in offering advanced security systems, manpower services, and technological solutions designed to meet the specific needs of businesses, institutions, and government organisations.

Strategic Collaborations and Investments

In August, the company announced its partnership with Sungevity Enterprises to develop a 100 MW solar power plant in Manipur through a special purpose vehicle (SPV).

Dynamic Services will hold an 85% stake in the SPV, with construction set to begin after the power purchase agreement is finalised.

The company also plans to invest ₹2.5 crore in acquiring 400 acres of land for the project. Additionally, DSSL signed a memorandum of understanding (MoU) in August to acquire Bharat Battery Manufacturing Co for ₹45 crore, subject to specific conditions outlined in the agreement.

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.