Swelect Energy Systems hits fresh 52-week high after arm commissions 11 MWac Solar Power Plant in Tamil Nadu – EQ Mag Pro

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Swelect Energy Systems hits fresh 52-week high after arm commissions 11 MWac Solar Power Plant in Tamil Nadu – EQ Mag Pro

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It is the result of a PPA signed in November 2021 between Swelect and captive users of Hatsun Agro Product, Prashanth Fertility Research Centre, and Mudhra Fine Blanc.

Swelect Renewable Energy Limited a subsidiary company of Swelect Energy Systems Limited has successfully commissioned a 11 MWac solar power plant in Trichy, TamilNadu.

It had executed a power purchase agreement (PPA) in November 2021, with captive users – Hatsun Agro Product Limited, Prashanth Fertility Research Centre Private Limited,
and Mudhra Fine Blanc Private Limited – for the sale of solar power for a period of 15 years from the said plant set up under Group Captive User mode.

At around 9.48 am, Swelect Energy Systems Ltd was trading at fresh 52-week high and 5% upper circuit at Rs361 per share up by Rs17.15 or 4.99% from its previous closing of Rs343.85 per share on the BSE.