Sanginita Chemicals Secures Multiple EPC & O&M Solar Power Plant Contracts
Sanginita Chemicals has secured multiple EPC & O&M contracts for solar power plants totaling over ₹78 crore. The contracts are from domestic entities across Uttar Pradesh, with project capacities ranging from 1.9 MW to 5.9 MW AC. Execution is expected within 150 days of land allotment.
The aggregate value of the orders is substantial and will contribute to the company's revenue and order book, positively impacting its business prospects.
The company has received multiple new orders, indicating business growth and expansion in its solar power plant projects.
Sanginita Chemicals Limited has announced the successful acquisition of several new orders for Engineering, Procurement, and Construction (EPC) and Operations & Maintenance (O&M) contracts for solar power plants. These contracts are from various domestic entities across Uttar Pradesh.
One significant order is from Sukesh Solar Services Private Limited for a 3.30 MW AC / 3.96 MW DC solar power plant in Mainpuri District, with a contract value of ₹7,38,54,000. Another order from Sukesh Solar Power Private Limited is for a 3.20 MW AC / 3.84 MW DC plant at Lakhaura, Mainpuri, valued at ₹7,16,16,000. Additionally, Sukesh Solar Energy Private Limited awarded a contract for a 3.80 MW AC / 4.56 MW DC solar power plant at Repura, Firozabad, with a consideration of ₹8,34,60,000.
Further orders include one from Lohchab Solar Private Limited for a 3.10 MW AC / 3.72 MW DC plant at Rizore, worth ₹6,93,78,000; from AKY Solar Limited for a 4.2 MW AC / 5.04 MW DC plant at Agra, Mainpuri, valued at ₹8,99,64,000; and from Jyotirurja Renewables Private Limited for a 1.9 MW AC / 2.375 MW DC plant at Firozabad, valued at ₹4,51,02,000.
Sanginita Chemicals also secured an EPC & O&M contract from Sun Setu Power Private Limited for a 5.9 MW AC / 7.375 MW DC solar power plant in Meerut, valued at ₹13,83,55,000, and from Saur Vikas Private Limited for a 3.7 MW AC / 4.625 MW DC solar power plant in Kaushambi, valued at ₹8,05,37,000. Lastly, Harit Volt Private Limited awarded a contract for a 5.4 MW AC / 6.75 MW DC plant in Hatras, valued at ₹12,68,32,000, and Rayvolution Energy Private Limited for a 3.1 MW AC / 3.875 MW DC plant in Hathras, valued at ₹7,31,21,000.
All these contracts are for the design, engineering, procurement, supply, installation, commissioning, and O&M of solar power plants. The execution period for installation and commissioning is within 150 days from land allotment, subject to land acquisition. None of the awarding entities have any interest in Sanginita Chemicals Limited, and these transactions do not fall under related party transactions.
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