Throughout Monday’s buying and selling session, the shares of an organization offering a number of digital options and advisory within the discipline of renewable vitality hit a 5 p.c higher circuit at Rs. 146 on BSE, after securing an order price ~Rs. 29.5 crores from North Japanese Electrical Energy Company Restricted.
Value Motion
With a market cap of Rs. 45 crores, the shares of Ahasolar Applied sciences Restricted opened within the purple and reached a 52-week low at Rs. 132.1, down by 5 p.c, as in comparison with its earlier closing worth of Rs. 139.05.
The inventory has delivered destructive returns of almost 68 p.c within the final six months, in addition to round 31 p.c returns within the final one month.
What’s the information
Based on the most recent regulatory filings with the inventory exchanges, Ahasolar Applied sciences Restricted has secured a piece order price almost Rs. 29.5 crores for consultancy companies from North Japanese Electrical Energy Company Restricted (NEEPCO).
The contract entails offering consultancy companies for the preparation of Challenge Feasibility Experiences (PFRs) and Detailed Challenge Experiences (DPRs) for the event of Floating Photo voltaic PV Initiatives throughout numerous dam reservoirs in Meghalaya, Mizoram, and Uttar Pradesh. The undertaking is anticipated to be accomplished inside 4 months.
Concerning the Awarding Entity
Integrated in 1976 to plan, examine, design, assemble, generate, function & keep energy stations within the North Japanese Area of India underneath the Ministry of Energy, Authorities of India, NEEPCO is conferred with the Schedule A- Miniratna Class-I CPSE standing.
NEEPCO operates 6 hydro, 3 thermal and 1 solar energy stations with a mixed put in capability of 2057 MW.
Additionally learn: 1:1 Bonus Share: Penny inventory in inexperienced after board approves bonus concern
Earlier Orders
twenty ninth November 2024: Ahasolar Applied sciences Restricted signed a long-term Energy Buy Settlement (PPA) with Saffron Enclave Personal Restricted, Kolkata, for the event of a 100 KW photo voltaic PV energy plant. The settlement stipulates the sale of electrical energy for 20 years underneath the Unbiased Energy Producer (IPP) enterprise mannequin.
The solar energy plant might be developed in Gurgaon, Haryana.
Financials
Ahasolar Applied sciences reported a big development in income from operations, experiencing a year-on-year rise of almost 79 p.c, from Rs. 12.89 crores in H1 FY24 to Rs. 23.07 crores in H1 FY25.
Nonetheless, its internet loss widened throughout the identical interval from a lack of Rs. 0.77 crores to a lack of Rs. 2.88 crores, representing a decline of almost 274 p.c YoY.
Concerning the firm
Ahasolar Applied sciences Restricted is engaged within the enterprise of CleanTech enabling Power Transition via Digital Transformation and thereby empowering stakeholders to undertake renewable vitality. The corporate achieves this by providing a variety of digital options and advisory companies within the renewable vitality sector.
Written by Shivani Singh
Disclaimer
The views and funding suggestions expressed by funding consultants/broking homes/ranking businesses on tradebrains.in are their very own, and never that of the web site or its administration. Investing in equities poses a danger of economic losses. Buyers should due to this fact train due warning whereas investing or buying and selling in shares. Dailyraven Applied sciences or the writer aren’t accountable for any losses induced on account of the choice primarily based on this text. Please seek the advice of your funding advisor earlier than investing.
