Introduction:
Stock secured a 53 MW solar power project under Mukhyamantri Saur Krushi Vahini Yojana 2.0, with a ₹245 crore investment. The project has a 25-year contract, ₹3.09/kWh tariff, and must be commissioned within 18 months.
Share Price movement of Bhagyanagar India:
On February 25, 2025, Bhagyanagar India Limited opened at ₹76.32, reaching a high of ₹88.39, up 10% from its previous close of ₹76.18, and a low of ₹75.00. It is currently trading at ₹81.16, with a market cap of ₹259.67 crore.
Bhagyanagar India received new order:
Bhagyanagar India Limited has secured a Letter of Award (LOA) for a 53 MW (AC) solar power project under Mukhyamantri Saur Krushi Vahini Yojana 2.0. Awarded by Maharashtra State Electricity Distribution Company Limited (MSEDCL), this project aligns with Component C of the PM-KUSUM Scheme, requiring an investment of ₹245 crore.
The project will be developed in Maharashtra with a tariff of ₹3.09 per kWh, including a subsidy of ₹1.05 crore per MW from the Government of India. It must be commissioned within 18 months from the LOA, with a contract period of 25 years. MSEDCL will procure power under this solar feeder-level initiative.
Bhagyanagar India Limited clarified that the contract is purely domestic and unrelated to any promoter interests or related party transactions. The supply contract involves solar power generation, emphasizing the company’s role in India’s renewable energy transition while securing long-term revenue prospects.
Recent news About Bhagyanagar India :
On January 17, 2025, Mr. Narender Surana resigned from his position as Director, marking a significant change in the company’s leadership.
Ace investor holding of Bhagyanagar India :
Sambhav Munoth
Sambhav Munoth holds 680,134 shares in Bhagyanagar India Ltd., representing a 2.13% stake valued at ₹5.5 crore. His holding remains unchanged from the previous quarter, reflecting a stable investment approach in the company’s long-term growth prospects.
Dundoo Ajit Kumar
Dundoo Ajit Kumar owns 474,186 shares in Bhagyanagar India Ltd., amounting to a 1.48% stake valued at ₹3.8 crore. His holding has remained steady over the previous quarter, showing continued confidence in the company’s business performance and future potential.
Stock performance of Bhagyanagar India for Period of 1 week, 6 months and 1 year:
Bhagyanagar India’s stock gained 3.46% over the past week, reflecting short-term momentum. However, it declined 24.8% in six months, indicating a prolonged downtrend. Over the past year, the stock fell 25.1%, showcasing significant weakness and extended bearish sentiment despite short-term positive movement.
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Shareholding pattern of Bhagyanagar India :
| All values in % | Dec-24 | Sep-24 | Jun-24 |
| Promoters | 70.53 | 70.62 | 71.65 |
| FII | 0.15 | 0 | 0.15 |
| DII | 0 | 0 | 0 |
| Retail & others | 29.33 | 29.38 | 28.2 |
About Bhagyanagar India :
Bhagyanagar India Ltd. specializes in copper products, telecom infrastructure, and renewable energy. It manufactures copper rods, sheets, and pipes while expanding into solar power. The company focuses on sustainable growth, leveraging expertise in metals and energy for long-term business expansion.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
