Dynamic Services & Security Ltd. has received an official offer from the Maharashtra government to develop a massive 1,800-megawatt solar panel manufacturing facility in Raigad district’s MIDC Vile Bhagad. The company plans to invest ₹1,080 crore in the project, as stated in an exchange filing. The offer is part of Maharashtra’s “Package Scheme of Incentives, 2019,” enabling the company to benefit from subsidies and exemptions, including industrial promotion and interest subsidies, power tariff reductions, and electricity duty waivers. The initiative reflects Dynamic Services’ commitment to bolstering renewable energy production and aligns with India’s push toward sustainable energy solutions. The factory is expected to create significant employment opportunities and strengthen Maharashtra’s position as a hub for green energy manufacturing.
Boost to Solar Energy Capabilities with the Kolkata Project
Dynamic Services has also secured a ₹12.35 crore contract from SUNdigo Solar Solutions Pvt. Ltd. to install and operate a 2.3 MW rooftop solar system at Kolkata’s Khidirpore Dock-II. This turnkey project encompasses every aspect of the system’s lifecycle, including design, engineering, procurement, installation, and ongoing maintenance for a decade. Work began on December 3, 2024, and the project is expected to be operational by September 29, 2025. Once completed, the system will significantly enhance energy efficiency at the dock, reducing reliance on non-renewable energy sources. This project underscores the company’s capability to deliver end-to-end renewable energy solutions and reflects its growing footprint in India’s rapidly expanding solar market.
Strategic Expansions and Market Growth
Dynamic Services is taking steps to consolidate its market position and support its growth trajectory. In a strategic move, the company’s board recently approved increasing its authorized share capital from ₹30 crore to ₹75 crore, paving the way for the issuance of 7.5 crore shares, up from the current 3 crore. Additionally, Dynamic Services announced its intention to migrate its equity shares from NSE’s Emerge platform to the mainboards of both NSE and BSE, pending necessary regulatory and shareholder approvals. These measures will not only enhance liquidity and shareholder value but also position the company for future capital-raising efforts and expand market visibility.
