This photo voltaic panel and module producer secured a big order value Rs 36 crore that strengthens its order ebook place within the present fiscal yr. On this article, we are going to focus on the knowledge surrounding this order.
Value Motion
With a market capitalization of Rs 5,487 crore, the shares of Insolation Vitality Ltd made a 52-week excessive of Rs 475 per share, down by 42 p.c from its present market value of Rs 248.55 per share. The inventory has given a destructive return of 36 p.c during the last six months.
Concerning the announcement
On Tuesday, the corporate introduced that its wholly owned subsidiary (Insolation Inexperienced Vitality Non-public Restricted) has secured an order value Rs 36.01 crore (inclusive of GST) awarded by Nexgen Energies Non-public Restricted for the availability of Mono PERC Photo voltaic Modules.
Insolation Inexperienced Vitality has lately obtained its largest-ever single order value Rs 733.04 crore from KPI Inexperienced Vitality for the supply of N-type bifacial photo voltaic PV modules. The agency additionally obtained a Rs 32 crore order for a 25 MW photo voltaic module supply from Teerth Gopicon.
In the meantime, INA Photo voltaic received 38.43 MW of solar energy tasks beneath the PM-KUSUM Yojana in Rajasthan with an estimated funding of ₹134 crore and annual income of ₹18.33 crore.
Beforehand, it additionally received 78 MW of rooftop photo voltaic tasks value ₹340.20 crore for presidency buildings in Jaipur, Dausa, and Churu (Rajasthan) beneath the hybrid annuity mode from Rajasthan Renewable Vitality Company (RREC).
Additionally learn: Ashish Kacholia energy inventory jumps 7% after receiving main orders from PGVCL
Monetary Highlights
Insolation Vitality reported a income of Rs 612 crore in September 2024, up by 120 p.c, from its September 2023 income of Rs 278 crore. It posted a web revenue of Rs 61 crore in September 2024, up by 306 p.c, from its September 2023 web revenue of Rs 15 crores, and up by 52 p.c from its March 2024 web revenue of Rs 40 crores.
Concerning the Firm
Insolation Vitality Restricted designs and markets photo voltaic panels and modules all through India. The corporate distributes monocrystalline PERC and polycrystalline PV modules for diverse makes use of, starting from utility-sized photo voltaic farms, rooftop installations, web metering, off-grid functions, photo voltaic pumps, EV charging stations, and others.
It additionally distributes solar energy conditioning models and tall tubular lead-acid batteries to serve each ground-mounted photo voltaic tasks and rooftop photo voltaic tasks. Insolation Vitality has an vital function in driving the implementation of unpolluted power amongst residential, business, and rural industries.
Written by Satyajeet Mukherjee
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