The shares of an Electrical Engineering Firm that makes a speciality of Photo voltaic PV Module manufacturing, Photo voltaic Programs and Allied Companies, Electrical Contracting, and Water Provide Scheme Initiatives are in focus following the corporate securing an order valued at Rs 75.43 Crore from Maharashtra State Electrical energy Distribution Firm Ltd.
Value Motion
The share of Ganesh Inexperienced Bharat Ltd, with a complete market capitalization of Rs 942.44 Crore, reached an Intraday excessive of Rs 384 per share, gaining round 2 p.c in right this moment’s commerce. As of 11:00 am, the shares retreated and have been buying and selling on a flatter development at Rs 378.50 per share as in opposition to the earlier closing worth of Rs 377.35.
In regards to the Order
In response to a press launch dated March 7, 2025, the corporate introduced that it has obtained the Letter of Empanelment and Price Contract from Maharashtra State Electrical energy Distribution Firm Ltd.
The contract includes designing, manufacturing, supplying, transporting, putting in, testing, and commissioning Off-Grid DC Photo voltaic Photovoltaic Water Pumping Programs with capacities of three HP, 5 HP, and seven.5 HP. This contains offering an entire system guarantee in addition to restore and upkeep for 5 years as a part of the Magel Tyala Saur Krushi Pump Scheme.
The overall worth of the contract is Rs 75.43 Crore, with the undertaking protecting the complete state of Maharashtra.
Earlier Orders
In January 2025, the corporate obtained a piece order from Solberry Power Pvt Ltd in Gujarat for the availability of fifty MW of Photo voltaic PV Panel modules, with a complete order worth of Rs 78.79 Crore.
Moreover, in February 2025, the corporate secured a Letter of Award from NTPC Vidyut Vyapar Nigam Ltd for the event of 7131 KW Grid-Linked Rooftop Photo voltaic Initiatives at varied areas of the Central Armed Forces and Departments below the Ministry of House Affairs, Zone 1, with a complete order worth of Rs 33.03 Crore.
Financials
The corporate’s income from operations elevated by 135 p.c YoY from Rs 58.73 Crore in H1FY24 to Rs 137.83 Crore in H1FY25. Their Internet Income grew by 92 p.c from Rs 6.79 Crore to Rs 13.07 Crore over the identical interval.
Shopper Base
The corporate serves key Marquee prospects like Rajasthan Renewable Power Company Ltd, Gujarat Power Growth Company, Ahmedabad Municipal Company, Jharkhand Renewable Power Growth Company, Jaipur Vidhyut Vitaran Nigam Ltd, Gujarat Industrial Growth Company, and extra.
About Ganesh Inexperienced Bharat Ltd
Ganesh Inexperienced Bharat Ltd is engaged within the enterprise {of electrical} contracting servicing. They supply varied companies like the availability, set up, testing, and commissioning (SITC) of photo voltaic and electrical items and companies to numerous authorities our bodies. Ganesh Inexperienced Bharat Ltd has accomplished tasks below a number of authorities schemes, just like the Saubhagya Scheme, KUSUM Scheme, and many others.
Written By Adhvaitha Nayani
