Overview

M AND B Switchgears Ltd (MBSL) is engaged in the business of solar power generation, and proud to be the pioneers of Solar REC Mechanism in India MBSL is already installed and successfully running 5 MWp Solar power plant & started its next phase with setting up a Solar Power Park of 20MWp.

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M and B Switchgears signs agreement with MP govt to set up 99.25 MW solar power plants

M and B Switchgears signs agreement with MP govt to set up 99.25 MW solar power plants

M AND B Switchgears Ltd has informed BSE that the Company have signed Agreement(s) (Letter of Commitment) with Govt. of M.P. lo set up 99.25 MW Solar Power Plants at various locations in State of Madhya Pradesh.These Solar Power PIants will be under REC mechanism.
There agreement(s) (Letter of commitment) are subject to various conditions & process as mentioned in RFP dated September 20, 2012 issued by Govt. of M. P. These agreement(s) (Letter of commitment) were signed on October 29, 2012 in Global Investor Summit held at Indore.Source : BSE

M and B Switchgears zooms 35% on trading of solar RECs

M and B Switchgears zooms 35% on trading of solar RECs

M and B Switchgears has soared 11% to Rs 99.95, extending its three day’s rally after the two power trading exchanges Indian Energy Exchange (IEX) and Power Exchange India Ltd. (PXIL) commenced trading of solar Renewable Energy Certificates (RECs) on Monday.

M and B Switchgears Ltd. has become the first solar power producer in India to be issued 249 Solar RECs by the National Load Dispatch Centre in New Delhi.

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