Sangam Renewables, provider of investment management and financial services on March 4 announced that it has commissioned a 16 megawatt (MW) solar project in Gavhankund, Maharashtra.The project has been commissioned through subsidiary Waacox Energy, company said on Thursday.

"Waacox Energy, a material subsidiary, of the company has successfully commissioned the 16 MW mounted solar project in Gavhankund, Maharashtra under the Agri feeder scheme of Maharashtra government for MAHAGENCO," it said.

 Shares of the company declined Rs 0.05, or 0.13%, to trade at  Rs 39.60.  The total volume of shares traded  was  24,694 at the BSE (12.07 p.m., Friday).