Synopsis:
Urja Global Limited surged 10% after partnering with Solarmint Energies for a three-year JV to produce and distribute URJA-branded solar PV modules nationwide.
The shares of the penny-stock company specializing in the manufacturing, distribution, and development of renewable energy solutions, including solar power plants and solar products, jumped up to 10 percent after it signed a joint-venture agreement to manufacture, brand, market, and distribute solar PV modules nationwide.
With a market capitalization of Rs. 690.97 crores on Friday, the shares of Urja Global Ltd jumped upto 10.2 percent, making a high of Rs. 13.52 per share compared to its previous closing price of Rs. 12.26 per share.
What Happened
Urja Global Limited, engaged in the manufacturing, distribution, and development of renewable energy solutions, including solar power plants and solar products, has informed the stock exchanges that it signed a Joint Venture Agreement with Solarmint Energies Pvt. Ltd. (formerly Sun N Sand Exim India Pvt. Ltd.).
The main intent of the Joint Venture Agreement is to establish a strategic partnership for the manufacturing, branding, marketing, and nationwide distribution of URJA-branded solar PV modules.
Under the agreement, Solarmint will manufacture the solar panels while Urja Global will handle marketing and distribution on a cost-plus-profit basis. The agreement is valid for three years with an option to renew.
Financials & Others
The company’s revenue declined by 20.47 percent from Rs. 19.49 crore in September 2024 to Rs. 15.50 crore in September 2025. Meanwhile, the Net profit rose from Rs. 0.36 crore to Rs. 0.42 crore during the same period.
Urja Global Limited is one of India’s leading renewable energy developers and operators. The company specialises in the design, consultancy, integration, supply, installation, commissioning, and maintenance of both off-grid and grid-connected solar power plants. Urja is also an approved Channel Partner of the Ministry of New and Renewable Energy (MNRE), Government of India.
It is an Indian renewable energy company that develops, manufactures, and sells solar-based products, electric vehicles, and batteries. It also trades in petroleum products and is involved in other sectors like IT, tours and travels, education, and mineral exploration. Urja Global operates under brands like ‘URJA BRAND’ and ‘I-volt’ and is listed on the Bombay and National Stock Exchanges.
The company boasts a robust nationwide service network comprising around 2,000 experienced professionals. This includes 38 dealers, 59 sales and service team members, and 22 distributors, all dedicated to supporting our operations. Their extensive reach has helped us serve over 10 million happy customers across India.
Written by Sridhar J
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