Bhagyanagar India Ltd Wins 53 MW Solar Project with ₹2.45 Billion Investment

Bhagyanagar India Ltd has won a major 53 MW solar power project, representing a major growth in its renewable energy business. The company is to invest ₹2.45 billion (around $29.5 million) in the project, showing its commitment to the expanding solar business. The project is a close follow-up of the company's recently announced 65.7 MW solar project of ₹230 crores last week. The new project is consistent with Bhagyanagar's diversification drive into solar products and non-traditional energy, in addition to its existing 9 MW wind power capacity in Karnataka. This investment is likely to significantly increase the company's presence in the renewable energy space.

 

Source: Bhagyanagar India Ltd announcement