Commercial Syn Bags has informed that the Company has placed a Purchase Order with Ujaas Energy, Indore on December 16, 2016 for purchase of 1.0 MW (1.2 MW peak (p)) Solar Power Generating System which will be installed at land to be acquired by the Company at Ujaas Solar Park (Sitamau, Madhya Pradesh). The electricity generated through Solar Power Generating System will be used as captive consumption for Company’s Manufacturing Units situated at Pithampur (MP). Further, the cost of project is estimated to be Rs 6.00 Crores (approx) which will be funded from bank loan and own sources.
The above information is a part of company’s filings submitted to BSE.
