Micro-Cap Stock Surges 9% After Bagging ₹100 Cr Order From Middle East

Shares of Bhageria Industries climbed up close to 9% to hit an intraday high of ₹168.75.

What Happened: The speciality chemical and renewable energy player on Monday evening announced securing a turnkey solar engineering, procurement, and construction (Solar EPC) project, inclusive of comprehensive operation and maintenance and waterproofing services, at APM Terminal in the Kingdom of Bahrain.

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This project encompasses a total capacity of 11.40 MWp (megawatt peak) and carries a total order value of ₹104.49 Crores (inclusive of comprehensive O&M and waterproofing), excluding taxes. “The APM Terminal, Kingdom of Bahrain Rooftop Project is slated for commissioning in the next eight months,” the company added in a press release. This is the company’s first international order.

The announcement has helped the company halt its four-straight session losing streak. Earlier this month, the company had announced bagging another solar EPC project from Paranjape Autocast Private Limited. The order was worth around ₹27.70 crore.

Price Action: Bhageria Industries‘ share price was up 6.25% to trade at ₹163.95 in the early hours of trading on Tuesday.

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