Harsha Engineers gives LoI to Clean Max Enviro for Hybrid power project in Gujarat

19 Oct 2022 , 11:44 AM

Harsha Engineers International Limited informed that it has issued a Letter of Intent (LOI) dated October 18, 2022, to M/s Clean Max Enviro Energy Solutions Private Limited.

The LOI has been given to set up a Hybrid power project with a configuration of a Wind Turbine Generator of 2.7 MW (1WTG of 2.7 MW) along with a 0.675 MW AC/1.0125 MW DC solar power plant at Pipaliya, Gujarat.

Harsha Engineers is the largest manufacturer of precision bearing cages in the organised sector in India in terms of capacity and operations, as well as one of the world’s leading manufacturers, with a market share of around 5% to 6%.

Recently, Harsha Engineers’ stock got listed on the stock exchanges at a price of Rs314-Rs330 per share.

At around 11.46 AM, Harsha Engineers was trading 0.87% higher at Rs442.90, against previous close of Rs439.10 on NSE. The counter hit intraday high and low of Rs446.90 and Rs435.80 respectively.

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