Debt-free forging company awards work order for setting up of solar power plant to Hysolwin Green Power Solutions LLP

DSIJ Intelligence-1 / 05 Aug 2025/ Categories: Multibaggers, Trending

Debt-free forging company awards work order for setting up of solar power plant to Hysolwin Green Power Solutions LLP

The shares of the company have a PE of 24x, an ROE of 14 per cent and an ROCE of 19 per cent.

Krishanveer Forge Ltd (KVF) has awarded a work order to M/s HYSOLWIN GREEN POWER SOLUTIONS LLP for the establishment of a 1.0 MWp (DC) single-access tracker solar power plant. This domestic contract involves the complete design, engineering, procurement, installation, testing, and commissioning of the plant. Situated at Mahim, Taluka Sangole, District Solapur, Maharashtra, the plant will operate on a captive open access model. The total Engineering, Procurement, and Construction (EPC) cost for this project is Rs 3,85,00,000 (Rupees Three Crore Eighty Five Lakhs Only) plus taxes, requiring approximately 3.5 acres of land.

The installation is projected to be completed within five months, followed by a one-month stabilisation period. This strategic investment in a solar power plant is expected to generate substantial savings on electricity costs for Krishanveer Forge Ltd, directly contributing to the company's profitability. An EPC agreement detailing all terms and conditions will be signed between KVF and HYSOLWIN.

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About the Company

Krishanveer Forge Ltd, established in 1990, specialises in the manufacturing and sale of open die forgings, also serving as a holding company for Western India Forgings. The company excels in producing open die forgings from various material grades, including plain carbon steels, alloy steels, stainless steels, duplex steel, 17-4PH, and HNS, in diverse sizes and complex shapes. KVF is particularly noted for its expertise in critical-shaped components such as Khuff blocks, 'Y' blocks, studded tees, and GV bodies, offering a product range that includes shafts, square and rectangular sections, blanks, rings, and hollows.

The company has a market cap of over Rs 130 crore and as of March 2025, it is debt-free. The stock has given multibagger returns of over 100 per cent from its 52-week low of Rs 64.30 per share. The shares of the company have a PE of 24x, an ROE of 14 per cent and an ROCE of 19 per cent.

Disclaimer: The article is for informational purposes only and not investment advice.