Bhagwati Autocast succesfully commissions 4.5 MW solar project in Gujarat; stock gains 2.5%

30 Mar 2022 , 11:34 AM

In its regulatory filing, Bhagwati Autocast Limited informed the investors and exchanges that the company has successfully commissioned a 4.5 MW (DC)/ 3.15 MW (AC) Solar power project at Village Bamroli, Santalpur, Dist. Patan, Gujarat for captive consumption, and its commercial operation started effectively from March 28, 2022.

Post this development, Bhagwati Autocast’s stock jumped 2.56% and was the last trading at Rs174.60 against its previous close of Rs170.25 on BSE. It touched intraday high and low of Rs174.60 and Rs161.10 respectively so far.

Bhagwati Autocast is a machine is a mining and metals company using Disa Flex-70 high-pressure line with an annual capacity of 14500 tons, producing high duty grey iron and ductile iron castings.