Batliboi EEG Division Secures ₹52 Crore Contract for SAEL's Solar Cell Manufacturing Facility
Batliboi Ltd has secured a major contract through its Environmental Engineering Division (EEG) with SAEL Industries Limited. The contract, valued at ₹52 crores, covers the Design, Supply, Installation, and Commissioning of pollution equipment for SAEL's new Solar Cell Manufacturing facility in Jewar, Uttar Pradesh.The agreement involves Batliboi Ltd - EEG Division designing, engineering, supplying, installing, and commissioning a PEX System that will support SAEL Industries Limited's 6GW solar cell line. The project is slated to be commissioned within the next 6-8 months.
This contract marks a significant step for the company's division as it ventures into the Solar Energy Sector. EEG has prior experience in this domain, having successfully commissioned a PEX system for solar module manufacturing at Adani Mundra Solar Ltd.
Batliboi Ltd - EEG Division is described as a key solution provider specializing in air pollution systems across various industries including Steel, cement, power, chemical, and tyre industries. The contract win highlights the division's ability to deliver innovative solutions and aligns with the strategy of promoting indigenous manufacturing within the solar ecosystem.
Sanjiv Joshi, Managing Director of Batliboi Ltd, commented on the achievement, stating that the order demonstrates the company's technical capabilities and execution strength in environmental engineering. He noted that this expansion into the solar manufacturing supply chain is aligned with India's priority for clean-energy production.
For context, SAEL Industries Limited is a leading Indian renewable energy company focused on expanding access to sustainable power. Its businesses include solar power generation, waste-to-energy projects, and the manufacturing of solar modules and solar cells.
BATLIBOI Stock Price Movement
As of 10:57 AM, shares of Batliboi Limited are surging up by 8.95%, currently trading at ₹89.00 following a sharp increase of ₹7.31. The equity is showing robust activity, with a total traded volume of 78,427 shares recorded in the live market so far today.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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