Hariom Pipe subsidiary commissions 10 MW solar plants in Maharashtra
- Hariom Power and Energy Private Limited commissioned two 5 MW solar plants
- Total group solar capacity rises to 15 MW (AC)
- Projects developed under Maharashtra's MSKVY 2.0 scheme
*this image is generated using AI for illustrative purposes only.
Hariom Pipe Industries Limited subsidiary, Hariom Power and Energy Private Limited, has commissioned two solar power plants with a cumulative capacity of 10 MW (AC) in Maharashtra. This development increases the group's total commissioned solar power generation capacity to 15 MW (AC).
The projects were developed under the Mukhyamantri Saur Krushi Vahini Yojana (MSKVY) 2.0 Scheme. The commissioning marks a significant milestone in the group's commitment to renewable energy and sustainable growth, as disclosed in a filing to stock exchanges on October 14, 2026.
Project locations and technical details
The two newly commissioned plants are located in District Hingoli, Maharashtra. Each plant has a capacity of 5 MW (AC) and injects power into specific substations:
| Location | Capacity | Injection Point |
|---|---|---|
| Jaipur, Sakhara, Sengaon | 5 MW (AC) | 33/11 kV Jaipur Substation |
| Pusegaon, Sengaon | 5 MW (AC) | 33/11 kV Pusegaon Substation |
Strategic expansion
The addition of these two facilities represents a substantial step in the company's diversification into the renewable energy sector. By leveraging state government schemes like MSKVY 2.0, the subsidiary is expanding its operational footprint beyond its core pipe manufacturing business.
The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information has also been made available on the company's website.
Historical Stock Returns for Hariom Pipe Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.67% | +0.62% | -5.73% | +19.20% | -26.86% | +46.58% |
What are the projected revenue contributions and profit margins from the new 10 MW solar capacity for Hariom Pipe Industries in the upcoming fiscal year?
How does the company plan to fund its next phase of renewable energy expansion beyond the current 15 MW total capacity?
What specific operational synergies or cost-saving mechanisms has the group identified between its pipe manufacturing and solar energy divisions?
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