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Sunflag Iron and Steel Company inks PDA with solar power producer companies

15 Mar 2023 Evaluate

Sunflag Iron and Steel Company has entered into long term Power Delivery agreements (PDA) with Solar Power Producer Companies -- ReNew Green (MHH One), ReNew Green (MHK Two) and ReNew Green (MPR Three). Further, the Company has also executed Share Subscription and Shareholders’ agreements (SSHA) with Renew Green Energy Solutions (Promoter) and above Power Producer Companies for developing and operating renewable energy projects and deliver the power generated from its 71.34 MW solar photovoltaic projects to the Company for the period of 15 years extendable upto 25 years.

Sunflag Iron & Steel Company belongs to the Sunflag Group which has diversified business interests in Steel, Synthetic Yarns Fabrics and non-wovens textiles, spanning across the globe.


Peers
Company Name CMP
JSW Steel 1280.00
Tata Steel 187.70
Steel Authority 184.80
Jindal Stainless 747.90
APL Apollo Tubes 2206.00
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