Stock Report

Bhageria Industries Ltd receives its 1st International Solar EPC Project in Bahrain

Posted On : 2023-10-09 18:24:36( TIMEZONE : IST )

Bhageria Industries Limited (BSE Code: 530803 and NSE Symbol: BHAGERIA) a leading player in the Specialty Chemical & Renewable Energy Segment, today announced its one turnkey international Solar Engineering, Procurement, and Construction (Solar EPC) projects with comprehensive Operation & Maintenance and Water Proofing in APM Terminal, Kingdom of Bahrain. Aggregating to a capacity of 11.40 MWp, this project has a total order value of -INR 104.49 Crores (including comprehensive O&M and Water Proofing), without taking taxes into account. With this order wins, Bhageria Industries Limited will gain access to a large market that is full of dynamism, vibrancy and an untapped potential for renewable energy solutions that deliver positive impacts on both Indian and Bahrain Market.

This turnkey contract with APM Terminal, Kingdom of Bahrain entail design, engineering, supply, construction, erection, testing, and commissioning with comprehensive Operation & Maintenance and Water Proofing for 10 years for this project. The APM Terminal, Kingdom of Bahrain Rooftop Project is slated for commissioning in next 8 (Eight) Months. The project is poised to contribute to the Bahrain's Clean Energy Strategy and affirm Bhageria Industries Limited's position as a trusted partner for delivering sustainable solutions.

Mr. Suresh Bhageria, Executive Director & Chairman of Bhageria Industries Limited, expressed his satisfaction upon securing prestigious international contracts in Bahrain. He emphasized that this wins signify the company's entrance into global markets, marking a substantial stride toward realizing their vision of spearheading sustainable energy transitions on a global scale.

Shares of Bhageria Industries Limited was last trading in BSE at Rs. 152.80 as compared to the previous close of Rs. 158.75. The total number of shares traded during the day was 6745 in over 212 trades.

The stock hit an intraday high of Rs. 158.55 and intraday low of 150.40. The net turnover during the day was Rs. 1046640.00.