H.M. Electro Mech Limited Secures Rs. 15.75 Crore Solar Project Contract
H.M. Electro Mech has won a Rs. 15.75 crore contract from Twinsag Enterprise LLP for a 15 MW (AC) Solar PV project. The scope includes design, engineering, procurement, supply, erection, testing, and commissioning on a turnkey basis, with a three-year operations and maintenance period. The domestic contract is not a related party transaction, and neither the promoters nor group companies have interests in Twinsag Enterprise LLP.

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H.M. Electro Mech has announced a significant new contract, marking a notable development in the company's business operations. The company has secured a work order worth Rs. 15.75 crores from Twinsag Enterprise LLP, demonstrating its growing presence in the renewable energy sector.
Contract Details
The contract involves a comprehensive scope of work for a solar power project:
- Design, engineering, procurement, supply, erection, testing, and commissioning of a 15 MW (AC) Solar PV project
- To be executed on a turnkey basis
- Includes an initial operations and maintenance period of three years
Project Specifics
Item | Details |
---|---|
Contract Value | Rs. 15,75,00,000 |
Duration | 3 years |
Nature | Domestic contract |
Company Disclosure
In compliance with regulatory requirements, H.M. Electro Mech has made the following disclosures:
- The contract does not fall under related party transactions.
- Neither the promoters nor any group companies have any interest in Twinsag Enterprise LLP, the entity awarding the contract.
Market Implications
This contract represents a significant opportunity for H.M. Electro Mech to strengthen its position in the solar energy sector. The substantial value of the project and its multi-year duration suggest potential for steady revenue generation and operational growth for the company in the coming years.
The announcement, made in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, underscores the company's commitment to transparency and regulatory compliance.
As the renewable energy sector continues to grow in India, contracts of this nature may indicate increasing opportunities for companies like H.M. Electro Mech in the solar power infrastructure domain.
Historical Stock Returns for H.M. Electro Mech
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
-1.21% | -2.69% | -3.41% | +5.84% | -15.37% | -15.37% |