How big is the plant Bhageria just switched on?

The company commissioned 7 MW of solar PV. This is the first phase of a larger 32 MW project under the MSKVY 2.0 scheme.

What is the financial impact of this commissioning?

The filing does not disclose the capital cost of the project or the expected revenue from the 7 MW plant. For a company with ₹871 crore in annual revenue, the immediate financial impact is therefore unquantifiable.

Is this a new business line for Bhageria?

No, Bhageria already has a solar segment. This commissioning is an addition to its existing renewable energy portfolio, not an entry into a new sector.

What does the MSKVY 2.0 scheme involve?

It is a government scheme for solar power projects. Bhageria's 32 MW project is being developed under this framework, with 7 MW now operational.

Dyes & Pigments · Micro cap

Bhageria lights up 7 MW of its 32 MW solar project

A routine commissioning for the micro-cap, but the 32 MW plant is now a quarter live.

BHAGERIA By Tipsheet Editorial 25 May 2026 · 4:45 PM IST Verify on BSE · NSE

Mkt cap₹960 cr

P/E20.84×

ROE7.24%

Debt / eq.0.08

Div yld1.12%

7 MW Solar capacity commissioned, part of a larger 32 MW MSKVY 2.0 project.

What's new

Bhageria Industries has commissioned 7 MW of solar PV through its subsidiary under the MSKVY 2.0 scheme.
The full project size is 32 MW, making this the first phase of a larger build.
No financial details on capital cost or expected revenue were disclosed.

Why this matters

For a company with ₹871 crore in revenue, a 7 MW solar plant is a small operational step. The lack of cost and revenue details means the filing adds little for investors to model. The 32 MW total, however, is the larger story if the company completes the remaining 25 MW.

What we're watching

The timeline for commissioning the remaining 25 MW of the project.
Any future disclosures on the total capital expenditure for the 32 MW plant.
How the solar segment's revenue trends in upcoming quarterly results.

The full read

Bhageria Industries, a micro-cap with ₹871 crore in annual revenue, has switched on the first 7 MW of a larger 32 MW solar project. The plant is being built by a subsidiary under the government's MSKVY 2.0 scheme. The commissioning is a standard operational milestone and the company did not disclose what it cost to build or what the electricity sales will be worth. The real test comes later: delivering the remaining 25 MW. For now, this is a checkpoint, not a catalyst.

Questions answered

How big is the plant Bhageria just switched on?: The company commissioned 7 MW of solar PV. This is the first phase of a larger 32 MW project under the MSKVY 2.0 scheme.
What is the financial impact of this commissioning?: The filing does not disclose the capital cost of the project or the expected revenue from the 7 MW plant. For a company with ₹871 crore in annual revenue, the immediate financial impact is therefore unquantifiable.
Is this a new business line for Bhageria?: No, Bhageria already has a solar segment. This commissioning is an addition to its existing renewable energy portfolio, not an entry into a new sector.
What does the MSKVY 2.0 scheme involve?: It is a government scheme for solar power projects. Bhageria's 32 MW project is being developed under this framework, with 7 MW now operational.

Mentioned: Bhageria Industries · 7 MW solar PV plant · MSKVY 2.0 scheme

Primary source BSE · NSE · Tijori

An independent reading of the company's own disclosure — the primary filing above is the final word.