Operations & Projects
Hariom Pipe Subsidiary Commissions 5 MW AC Solar PV Project; Begins Power Generation in Maharashtra
NSE
HARIOMPIPE
BSE
543517
Hariom Pipe Industries Limited announced that its wholly owned subsidiary, Hariom Power and Energy Private Limited, has successfully completed the installation of its 5 MW AC (6 MW DC) Solar PV Power Project at Rupur Tanda, Aunda Nagnath Taluka, Hingoli District, Maharashtra. The project has commenced power generation and is exporting electricity to the MSEDCL grid, marking a significant milestone in the group’s renewable energy expansion strategy.
PRICE-SENSITIVE TRIGGER
Event: Successful installation and commencement of power generation from a 5 MW AC (6 MW DC) Solar PV Power Project.
Type: Operations & Projects
Impact: Positive
Immediate Effect: The solar power plant has become operational and has started supplying electricity to the Maharashtra State Electricity Distribution Company Limited (MSEDCL) grid, strengthening the company’s renewable energy portfolio.
highlight:
- The company disclosed an operational milestone rather than financial performance, with the project already generating and exporting power to the MSEDCL grid.
What Happened ?
Hariom Pipe Industries Limited informed the stock exchanges that its subsidiary, Hariom Power and Energy Private Limited, has successfully completed the installation of a 5 MW AC (6 MW DC) Solar PV Power Project located at Rupur Tanda, Aunda Nagnath Taluka, Hingoli District, Maharashtra.
The project has commenced commercial power generation and is currently exporting electricity to the MSEDCL grid. The company stated that this milestone reflects its continued commitment towards renewable energy development and sustainable long-term growth.
key details
Project Execution & Operational Status:
- Subsidiary: Hariom Power and Energy Private Limited.
- Installed capacity:Â 5 MW AC (6 MW DC)Â Solar PV Power Project.
- Project location: Rupur Tanda, Aunda Nagnath Taluka, Hingoli District, Maharashtra.
- Installation has been successfully completed.
- Power generation has commenced.
- Electricity is being exported to the Maharashtra State Electricity Distribution Company Limited (MSEDCL)grid.
Regulatory Progress:
- Application submitted to the Superintending Engineer (O&M), MSEDCL for issuance of the Project Commissioning Certificate.
- The company will subsequently submit the declaration of the Commercial Operation Date (COD).
- A further disclosure will be made to the stock exchanges after receipt of the commissioning certificate and completion of the COD formalities.
Note:
- While the project is operational, the formal commissioning process remains subject to issuance of the Project Commissioning Certificate by MSEDCL.
Risk Analysis
Summary:
- The operational milestone has been achieved; however, completion of the regulatory commissioning process remains pending before the project is formally recognized for commercial operation.
Key Risks:
- Project Commissioning Certificate from MSEDCL is yet to be issued.
- Commercial Operation Date (COD) declaration is pending.
- Any delay in regulatory approvals could postpone formal project commissioning.
- Financial contribution from the project has not yet been quantified by the company.
Worst Case:
- A delay in receiving the commissioning certificate or COD approval could postpone regulatory completion and defer the recognition of full commercial operations.
Risk Level: Low
Company Commentary
- The subsidiary has successfully completed installation of the 5 MW AC (6 MW DC) Solar PV project.
- The project has commenced power generation and is exporting electricity to the MSEDCL grid.
- The milestone represents a significant step in the group’s commitment to renewable energy and sustainable growth.
- The company has initiated the process for obtaining the Project Commissioning Certificate and will provide a further update upon declaration of the Commercial Operation Date (COD).
Official Exchange Filing: Hariom Pipe Industries Limited
