M AND B Switchgears has been registered as the India’s first registered RE Generator for the energy source Solar PV under “the CERC REC Regulations”. The registration done is for company’s 2MWp solar power plant.
Recently, the company received purchase order for 1MWp solar power generating system to be installed under REC mechanism.
M AND B Switchgears is engaged in manufacturing of power transformers, distribution transformers, furnace transformers and special purpose transformers. The company proposes to use the net proceeds of the issue to part-finance its project of setting up a new grid connected 4 MWp solar photovoltaic power plant at Gagorni in Rajgarh district of Madhya Pradesh.
