Honeywell Automation gains on commissioning microgrid BESS for SECI’s Lakshadweep Islands project
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Honeywell Automation is currently trading at Rs. 49800.05, up by 229.20 points or 0.46% from its previous closing of Rs. 49570.85 on the BSE.
The scrip opened at Rs. 50200.00 and has touched a high and low of Rs. 50200.00 and Rs. 49650.00 respectively. So far 54 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 59700.00 on 26-Jun-2024 and a 52 week low of Rs. 34990.00 on 21-Dec-2023.
Last one week high and low of the scrip stood at Rs. 51330.45 and Rs. 49118.65 respectively. The current market cap of the company is Rs. 44165.18 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 15.12% and 9.87% respectively.
Honeywell Automation India has successfully delivered and commissioned a microgrid Battery Energy and Storage System (BESS) in India, for the Solar Energy Corporation of India’s (SECI) Lakshadweep Islands project.
SECI’s Lakshadweep Islands project is the country’s first on-grid solar initiative that uses BESS to manage the supply of renewable power. Honeywell’s BESS technologies are being integrated into the microgrid of the remote Kavaratti islands of Lakshadweep, supporting the strategic initiative of decarbonization of the islands’ energy supply.
Honeywell’s BESS technology includes a portfolio of solutions to help power producers store and distribute renewable energy. It includes a complete end-to-end solution that controls automation, safety, and efficiency aspects with a facility to render remote operations for battery modules and grid management systems to enable renewable power to be used within a microgrid that can also co-exist alongside national grid supply.
For the Lakshadweep project, Honeywell is supplying its Energy Management System (EMS)/Microgrid controller and Power Plant Controller to manage the distribution of renewable energy, as well as a range of BESS sub-systems.
Honeywell Automation India (HAIL) is a leader in providing integrated automation and software solutions, including process solutions and building solutions.
