Supriya Lifescience signs captive solar project agreement with Pune-based firm

22 Dec 2022 , 08:21 AM

Supriya Lifescience Ltd informed that it 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 said.

Further, 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.

At around 2:00 PM, Supriya Lifescience was trading at Rs236.45 per share lower by 2.37% on the BSE.

For feedback and suggestions, write to us at [e-mail]