Marsons shares hit the 5% upper circuit today after the company secured an order for 150 MW solar power project.
The company received a Letter of Intent from NACOF OORJA to develop a 150 MW (AC) Grid-Interactive Ground-Mounted Solar PV Power Generation Plant.
This project, which includes numerous units in various locations around Rajasthan, is being carried out for RRECL under the KUSUM Scheme and will offer daytime power to agricultural consumers. This project will be carried out in technical collaboration with a third party “Aditya Clean Systems (P) Ltd”, who will offer the copmany with technical support.
The project’s total order value is estimated to be around Rs 675 crore, with a 12-to-18-month completion period.
