Rs 1,080 Crore Investment: Dynamic Services & Security Limited (DSSL) Wins Mega Solar PV Project from Maharashtra Government

Press Note

Kolkata, December 7, 2024: Dynamic Services & Security Limited, a renowned ISO 9001:2015 & ISO 45001:2018 certified organization, is thrilled to announce that it has been awarded an offer letter for a prestigious “Mega Project” by the Government of Maharashtra. The project involves setting up a new manufacturing unit for Solar PV Panels with a massive production capacity of 1800 MW.

The proposed facility will be established at MIDC Villebhagad, Tal-Mangaon, District Raigad, a designated ‘C’ zone under the Package Scheme of Incentives (PSI) 2019. The company has committed a Fixed Capital Investment of ₹1080 crore for this significant endeavor.

Speaking on this achievement, Mr. Jugal Kishore Bhagat, Managing Director of Dynamic Services & Security Limited, stated, “This project marks a monumental milestone for our company as we venture into large-scale solar panel manufacturing. We are proud to contribute to Maharashtra’s green energy initiatives and look forward to driving sustainable development in the region.”

The project aligns with the Government of Maharashtra’s vision to bolster renewable energy infrastructure and generate substantial employment opportunities. Dynamic Services & Security Limited is dedicated to leveraging this opportunity to deliver cutting-edge solar technology while supporting India’s transition to clean energy.

About Dynamic Services and Security Limited

Dynamic Services and Security Limited (DSSL), established in 2016, has garnered recognition as a premier provider of Security Guarding and Manpower Solutions, boasting an impressive track record of serving esteemed government agencies, including the Indian Army, Indian Navy, Indian Air Force, Indian Railways, and various departments in West Bengal Government.

Catering to a diverse clientele spanning Retail Field Players, Corporate Sector Manufacturing Units, Government Bodies, Educational Institutions, Banks & ATM Centers, Small & Medium-sized Industries, and individual users,

DSSL is renowned for its commitment to excellence and innovation.

With a steadfast focus on talent development and strategic partnerships, the company leverages a workforce of over 10,000 employees, comprising divisional managers, executives, supervisors, coordinators, assistants, and workmen across various departments, such as marketing, service sites, administration, and accounts.

Driven by a culture of professionalism and financial stability, DSSL continues to invest in upgrading its resources and infrastructure to meet the evolving needs of its discerning clientele. The company has also made significant strides in the renewable energy sector, particularly in the solar industry. DSSL began its journey in the solar sector with a 720 kW project in Kakdwip, West Bengal. Following this, the company acquired a 41.1% stake in Solace Cogen Private Limited, a Maharashtra-based company involved in solar panel manufacturing. Additionally, DSSL has entered into strategic agreements to acquire the remaining 51% stake in Nacof Nithin Sai Green Energy Private Limited. The company has already acquired a 49% stake in a 150 MW power project in Maharashtra, with the condition that it will acquire the remaining 51% stake one year after the project’s completion. Furthermore, DSSL has secured a 100 MW power project in Manipur, backed by a government Power Purchase Agreement (PPA). The company is now backward integrated into the solar business and aims to become a fully integrated player in India’s solar sector, solidifying its position as an emerging leader in green energy.

For More Information Please Contact

Vikrm B Sanass

Mobile: 7435012555

Mail: Vikram.iconr@gmail.com

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