Madhav Infra Projects soars 5% after receiving solar project contract worth Rs87.27cr from GSECL

The contract for design, operation and maintenance of 20 MW Solar PV Gried Connected Power Plant at Chhattar, in Jamnagar, Gujarat is for 15 months.

Mar 23, 2021 09:03 IST India Infoline News Service

Madhav Infra Projects Limited has received an award for the solar project from Gujarat State Electricity Corporation (GSECL) for a contract value of Rs87.27cr.

The company has received a Letter of Intent (LOI) from GSECL for design, engineering, supply & procurement, construction and operation & maintenance of 20 MW of Solar PV Gried Connected Power Plant at Chhattar, Dist. Jamnagar, in Gujarat. The contract period is 15 months from Notice of Proceeds (NTP), company said in a regulatory filing on Monday. 

The company stock was bullish on Tuesday, trading at Rs5.71 up Rs0.27 or 4.96% on the BSE, at around 9.49 am.

Related Story

Open Free Demat Account (Rs699)