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Madhav Infra Projects bags INR 330 Crore solar project in Surat – EQ
Business & Finance
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Madhav Infra Projects bags INR 330 Crore solar project in Surat – EQ

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In Short : “Madhav Infra Projects secures a INR 330 crore solar project in Surat, marking a significant milestone in expanding renewable energy infrastructure and fostering sustainable development in the region.”

In Detail : Madhav Infra Projects has secured a significant solar power project from Gujarat Industries Power Company Ltd (GIPCL), in Surat. The company announced receiving a Letter of Intent (LoI) from GIPCL on Wednesday, April 24. The project will be developed at an estimated INR 329.73 Crore.

Under the contract terms, Madhav Infra will execute a 75MW (AC) solar power project at Vastan near SLPP Tal-Mangrol in Surat. The scope of work involves design, engineering, supply, construction, erection, testing, commissioning, and three years of operation and maintenance of the solar power facility on an engineering, procurement, and construction (EPC) basis.

Moreover, it is expected to be completed within 330 days of commencement. This significant endeavor reflects Madhav Infra Projects’ commitment to renewable energy and contributes to the growth of solar power generation in the region.

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Anand Gupta Editor - EQ Int'l Media Network
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