Supriya Lifescience Ltd signs Captive Solar Project Agreement

Supriya Lifescience Ltd. has signed an agreement with Pune based Enrich Energy Pvt Ltd. to develop 4.68 MWp DC Solar Photovoltaic Power project at Site Nanded, Maharashtra. This project will generate & supply Green Energy to fulfill about 50% present consumption of the company & reduce Carbon Emission equivalent to 6830 Tons per annum.

The company also signed a long-term agreement for Operations and Maintenance Services of this project with Enrich Group, which will be commencing from the Commissioning of this project. As a green initiative by Supriya Lifescience Ltd, the project will be operational in FY23-24 and will result in substantial savings in operating cost of the Company.

Shares of Supriya Lifescience Limited was last trading in BSE at Rs. 242.20 as compared to the previous close of Rs. 236.50. The total number of shares traded during the day was 89485 in over 3631 trades.

The stock hit an intraday high of Rs. 255.00 and intraday low of 237.20. The net turnover during the day was Rs. 22036142.00.

Source : Equity Bulls

Keywords

SupriyaLifescience INE07RO01027 Pharmaceuticals Agreement EnrichEnergy SolarPVPowerProject