During Tuesday’s trading session, shares of a tech solutions provider hit a 20 percent upper circuit on BSE, after the company announced securing an order worth Rs. 474 crores–nearly 7x its market cap–for installing Rooftop Solar Projects with an aggregate order size is 73MW.
With a market cap of Rs. 70 crores, the shares of Raminfo Limited hit a 20 percent upper circuit at Rs. 92.66 on BSE, as against its previous closing price of Rs. 77.22. The stock has delivered negative returns of around 31 percent in one year, but has gained by over 20 percent in the last one month.
What’s the News
As per the latest regulatory filings with the BSE, Raminfo Limited has bagged an order worth Rs. 474 crores from Rajasthan Renewable Energy Corporation Limited (RRECL) through a consortium led by the company. Raminfo has ventured into smart energy solutions to build a future with green and sustainable energy.
The project involves the design, supply, erection, testing, and commissioning of rooftop solar (RTS) photovoltaic power projects, all to be completed within a year. In addition, it covers comprehensive Operation & Maintenance (O&M) for 25 years. These solar systems will be installed on buildings owned by the Rajasthan State Government and its undertakings, under the Hybrid Annuity Mode (HAM), with a total capacity of 73 MW.
Raminfo Limited holds a 51 percent stake in this project through its Special Purpose Vehicle (SPV), Raminfo Green Energy Private Limited, which will execute the project with a total capacity of 73 MW.
This subsidiary was incorporated on 5th May 2025, as part of the company’s strategic entry into the renewable energy space, focusing on electricity, gas, steam, and air conditioning supply.
Financials & more
Raminfo reported a decline in its revenue from operations, showing a year-on-year fall of around 82 percent from Rs. 25 crores in Q4 FY24 to Rs. 4.5 crores in Q4 FY25. In contrast, its net profit increased during the same period from Rs. 0.42 crores to Rs. 0.6 crores, representing a marginal growth of around 43 percent YoY. RAMINFO Limited is engaged in the business of software development, health services, energy solutions, e-Governance projects, and more.
Written by Shivani Singh
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