Shares of Insolation Power Ltd are buying and selling flat after touching a day’s excessive of Rs 185 on thirtieth October, regardless of the corporate asserting on Wednesday (twenty ninth October) that its subsidiary, Insolation Inexperienced Infra Non-public Restricted, has secured a turnkey undertaking order value Rs 232.36 crore (excluding GST) from Silgo Retail Ltd.
The contract contains design, engineering, manufacturing, provide, and commissioning. It entails a 54 MW AC (70.20 MWp DC) grid-synchronised solar energy plant throughout a number of areas in Rajasthan underneath the KUSUM Scheme.
In a inventory trade submitting, Insolation Power mentioned its subsidiary, Insolation Inexperienced Infra Non-public Restricted, has acquired the Rs 232.36 crore turnkey undertaking order from Silgo Retail Ltd.
The home order will probably be executed over FY25-FY27. The corporate additionally clarified that neither its promoters nor the promoter group have any curiosity in Silgo Retail Ltd. Moreover, the deal will not be a associated get together transaction.
At 12:37 PM, shares of Insolation Power have been buying and selling 0.46% increased at Rs 183.95 on BSE.
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