Sahaj Solar Limited has officially received the Notice to Proceed (NTP) for the design, manufacture, supply, transportation, installation, testing, and commissioning of off-grid standalone solar photovoltaic water pumping systems in Gujarat. This is part of the PM-KUSUM Scheme (Component B) by the Ministry of New & Renewable Energy, Government of India, under Dakshin Gujarat Vij Company Limited (DGVCL).
Contract Value & Key Details: The total contract value amounts to Rs. 46.64 Crores (inclusive of GST), with an execution timeline of 120 days from the NTP issuance. The project aims to enhance water pumping systems in Gujarat using solar energy, contributing significantly to renewable energy adoption and water sustainability in the region.
In the meantime, Sahaj Solar’s stock opened at 554.90 today, slightly above the previous close of 548.60. The stock hit a low of 535.05 and a high of 555.00 during the session. Over the past year, the stock has experienced significant volatility, with its 52-week low at 342.00 and its 52-week high at 790.00.
