Hot Pursuit     28-Jun-23
Meghmani Finechem commissions hybrid power plant in Gujarat
Meghmani Finechem announced that it has commissioned the wind solar hybrid power plant of 18.34 MW in Gujarat and power flow has been started.
Earlier, on 28 May 2022, the company informed about setting up of wind solar hybrid power plant through SPV (special purpose vehicle), ReNew Green (GJS Three), which has been commissioned now.

The specialty chemicals company said that it is the company's step towards green energy and reducing carbon footprint.

Meghmani Organics is amongst the leading diversified chemicals company with a presence in the pigments and agrochemicals business.

The company's net profit slumped 57.9% to Rs 45.08 crore on 30.6% decline in net sales to Rs 564.63 crore in Q4 FY23 over Q4 FY22.

The scrip rose 0.39% to currently trade at Rs 1,120.50 on the BSE.

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