Sahaj Solar Limited, a prominent player in the renewable energy sector, has recently secured a significant contract from Tripura Renewable Energy Development Agency (TREDA). The company has received a Letter of Award (LoA) for the Supply, Installation, Testing, and Commissioning of a 50 KW Battery Storage System at the New Secretariat Building located in the Capital Complex, Agartala, West Tripura District. This contract also includes a 5-year Guarantee/Warranty and an Operation & Maintenance agreement, with the entire project being completed on a turnkey basis. The total value of the order amounts to approximately Rs. 93.74 Lacs, inclusive of GST.

Overview of the Contract

The awarded contract involves setting up a 50 KW Battery Storage System, a key component in enhancing the region’s renewable energy infrastructure. Battery storage systems are vital for ensuring that energy from renewable sources like solar and wind power is stored efficiently for later use. Sahaj Solar's expertise in renewable energy solutions is evident in this contract, where they will be responsible for not only the supply and installation of the system but also for its testing, commissioning, and long-term maintenance.

The five-year warranty and operation & maintenance contract further emphasizes the commitment of Sahaj Solar to ensure the longevity and functionality of the system. The turnkey nature of the project indicates that Sahaj Solar will handle all aspects of the installation, from planning to execution, delivering a fully operational system to TREDA.

Commercial Consideration

The total value of the order stands at Rs. 93.74 Lacs, which includes the Goods and Services Tax (GST). This substantial contract is part of Sahaj Solar’s efforts to expand its presence in the Indian renewable energy market, specifically in battery storage systems. The focus on renewable energy storage is a critical step toward ensuring energy security in regions with growing energy demands, such as Tripura.

Timeline and Project Completion

Sahaj Solar is expected to complete the installation and commissioning of the 50 KW Battery Storage System within 60 days from the receipt of the order. This relatively short timeline reflects the company’s efficient project management and ability to deliver high-quality solutions on time.

SEBI Compliance and Disclosure

As part of its compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Sahaj Solar has disclosed the details of this significant contract under Regulation 30, which mandates the company to inform the stock exchanges about material events or agreements that may impact its business. The necessary details regarding the contract, including the order value, time frame, and the absence of related party transactions, have been duly provided in the SEBI disclosure.

No Related Party Transaction

The order awarded by TREDA does not fall under the category of related party transactions, as confirmed by Sahaj Solar in its disclosure. Furthermore, there is no indication of any interest from the promoter group or affiliated companies in TREDA or the awarded contract, ensuring that the transaction is conducted on an arm’s length basis.

Strategic Impact on Sahaj Solar

This contract marks a significant milestone for Sahaj Solar Limited, as it underscores the company’s growing role in India’s renewable energy landscape. As demand for renewable energy solutions continues to rise across the country, projects like this contribute to the sustainability and energy security goals set by various state and national governments.

Sahaj Solar’s ability to secure contracts with entities like TREDA further solidifies its reputation as a reliable partner in the renewable energy and solar power sectors. This development is expected to open up more opportunities for the company in the government-driven renewable energy initiatives, particularly in the northeastern states of India, which are seeing increased investments in renewable energy infrastructure.

Conclusion

Sahaj Solar’s recent order from TREDA highlights its commitment to advancing clean energy solutions in India. The 50 KW Battery Storage System project is an essential step toward promoting sustainable energy practices, and Sahaj Solar’s involvement will contribute significantly to enhancing the energy resilience of Tripura and the surrounding regions. With its proven track record and technical expertise, Sahaj Solar is well-positioned to continue playing a pivotal role in the nation’s energy transition.

Stay updated with Sahaj Solar’s future projects and corporate announcements by following their filings with the Stock Exchanges and keeping track of their SEBI disclosures.

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