Rs 1,080 Crore Fixed Capital Investment: Solar PV Company Bagged Mega Project from Government of Maharashtra
The stock gave multibagger returns of over 300 per cent from its 52-week low of Rs 93.05 per share.
Dynamic Services & Security Ltd. (DSSL) has recently secured a significant contract from the Government of Maharashtra to establish a new solar photovoltaic (PV) panel manufacturing facility in MIDC Villebhagad, Raigad district. This 'Mega Project' aims to produce 1800 MW of solar PV panels and is being undertaken under the Package Scheme of Incentives (PSI) 2019. DSSL has committed a substantial investment of Rs 1,080 crore towards this project, which is expected to contribute significantly to the state's renewable energy goals and economic growth.
Earlier, secured a significant contract from SU Ndigo Solar Solutions Private Limited for the installation and commissioning of a 2.3 MW solar rooftop system at Khidirpore Dock-II, Kolkata, West Bengal. The contract, valued at Rs 12,35,01,000, involves a comprehensive scope of work including design, engineering, manufacturing, procurement, supply, installation, testing, and commissioning of the solar photovoltaic power plant. Additionally, DSSL will provide a 10-year comprehensive maintenance contract post a one-year warranty period. The project is expected to be completed by September 29, 2025.
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Dynamic Services and Security Ltd provides mechanized cleaning, conservancy, housekeeping, catering, security & manpower supply, etc. Additionally, the company design, engineering, manufacturing, procurement & supply, installation, testing & commissioning of solar plants and projects. The company has a market cap of Rs 514 crore and reported positive numbers in its half-yearly results & annual results.
The stock’s 52-week high is Rs 373.65 and its 52-week low is Rs 93.05. The shares of the company have an ROE of 16 per cent and an ROCE of 21 per cent. The stock gave multibagger returns of over 300 per cent from its 52-week low of Rs 93.05 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.