Bhagyanagar India has commissioned its Solar Power Project of 5 MW Capacity at Munipally, Medak District in the state of Andhra Pradesh. The project cost is estimated at around Rs 30 crore, which is funded by Term Loan and Internal accruals. The project is also entitled for benefits of REC schemes.
Bhagyanagar India, part of the Surana Group, was incorporated with the main object of carrying on the business in ferrous and non-ferrous metals. The company has made a giant stride into real estate, infrastructure and wind power generation segments with an installed capacity of 9 MW in the state of Karnataka.
