The shares of a renewable power firm primarily engaged within the manufacturing and buying and selling of photo voltaic vegetation, electrical items, and ancillary merchandise hit a 2 % higher circuit in immediately’s commerce after the corporate bagged an order value Rs 300+ Crores, which is greater than its Market Cap.
Share Value Motion
The shares of GP Eco Options Ltd, with a complete market capitalization of Rs 290.90 Crore on Thursday, as of midday hit a 2 % higher circuit at Rs 248.4 per share. The shares made a comeback from their day’s low of Rs 238.7 per share and hit the higher circuit.
Concerning the Order
On March 13, 2025, the corporate introduced that it had bagged an order for an EPC Turnkey Contract. This EPC Turnkey contract will give attention to a 128MWp capability of ground-mounted solar energy undertaking. The contract quantities to Rs 300+ Crores, and the undertaking might be commissioned in modular phases (40 MWp+40 MWp+48MWp) inside 18-24 months.
Key Developments
As per a press launch dated February 26, 2025, GP Eco Options India Restricted has entered right into a Memorandum of Understanding (MoU) with the New and Renewable Power Division, Authorities of Madhya Pradesh.
By way of this MoU, GP Eco Options India Ltd intends to speculate Rs 1,000 Crore by the top of FY 2028 for the event of solar energy infrastructure in Madhya Pradesh by establishing a producing unit for photo voltaic panels of 5GW and cells of 2GW capability within the state.
Additionally learn: FMCG inventory in focus after signing MoU with Manipur Govt. for oil palm plantation program
Earlier Order
As per a press launch dated February 24, 2025, the corporate has secured an order for the availability of 200MW+ of photo voltaic inverters, which is about for execution by the top of March 2025.
Financials
The corporate reported a rise of 88 % YoY in Income from Operations from Rs 44.28 Crores in H1FY24 to Rs 83.31 Crores in H1FY25. Their Internet Earnings additionally jumped 475 % YoY from Rs 0.85 Crores to Rs 4.89 Crores over the identical interval.
About GP Eco Options India Ltd
GP Eco Options India Restricted is primarily targeted on distributing photo voltaic inverters and panels, notably from manufacturers like Sungrow, Saatvik, and LONGi, primarily serving the North Indian market.
In addition they present complete engineering, procurement, and development (EPC) companies for photo voltaic power options to each business and residential clients whereas working their very own model “Invergy” for hybrid photo voltaic inverters and lithium ferro-phosphate (LFP) batteries.
Written By Adhvaitha Nayani
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