Throughout Thursday’s buying and selling session, the shares of a renewable power answer supplier firm surged 4.9 p.c to Rs. 538.75 on NSE, after the corporate secured an order price Rs. 36.4 crores from Tripura Renewable Power Improvement Company (TREDA).
At 11:55 a.m., the shares of Sahaj Photo voltaic Restricted had been buying and selling within the inexperienced at Rs. 537.4, up by almost 4.6 p.c, as towards its earlier closing worth of Rs. 513.6, with a market cap of Rs. 590.4 crores.
What’s the Information
Sahaj Photo voltaic Restricted has secured an order price Rs. 36.42 crores from Tripura Renewable Power Improvement Company (TREDA) beneath the PM-KUSUM Scheme (Part C) of the Ministry of New & Renewable Power, Govt. of India. The mission is scheduled to be executed inside 12 months from the date of difficulty of LoA.
As per the newest regulatory filings with the NSE, the corporate acquired a Letter of Award (LoA) for the solarisation of present 2 HP grid-connected Agriculture Pumps (IPS) in Tripura.
The scope of labor features a five-year assure/guarantee, annual upkeep contract, and insurance coverage protection, executed on a turnkey foundation.
Earlier Order
On October tenth, Sahaj Photo voltaic Restricted acquired a Letter of Graduation of labor from the Directorate Common Border Safety Pressure (BSF), Engineering Branches, the Ministry of Residence Affairs, Authorities of India.
The mission entails supplying, putting in, testing, and commissioning two 25 KWP off-grid solar energy vegetation—one at BSF Gopalpur and one other at BSF Coochbehar, beneath the Frontier Headquarters BSF Guwahati. The full order worth is round Rs. 15.54 crores.
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Financials
The corporate skilled important progress in its income from operations, displaying a year-on-year rise of 8.5 p.c from Rs. 185.4 crores in FY23 to Rs. 201.2 crores in FY24.
Equally, its internet revenue elevated throughout the identical interval from Rs. 6.5 crores to Rs. 13.4 crores, indicating a progress of round 106.2 p.c YoY. Concerning the Firm:
Sahaj Photo voltaic Restricted is engaged within the enterprise of producing of photo voltaic panels and can also be engaged within the provide and set up of solar energy producing techniques similar to photo voltaic rooftops, photo voltaic water pumping techniques, photo voltaic streetlights, and different renewable power gadgets and equipments.
The corporate operates a state-of-the-art Photo voltaic PV Module manufacturing facility with a manufacturing capability of 100 MW at its plant in Bavla, Gujarat.
Written by Shivani Singh
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