Synopsis: Gujarat Inject Kerala Limited has secured a purchase order worth Rs. 14.49 crore from Deon Energy Limited for the supply of 16,129 solar PV modules. The order is scheduled to be executed within June 2026 and marks another step in the company’s growing presence in the renewable energy segment.
Shares of Gujarat Inject Kerala Limited are likely to remain in focus after the company announced that it has received a significant purchase order from Deon Energy Limited for the supply of solar photovoltaic modules.
Gujarat Inject Kerala Limited has a total market capitalization of approximately Rs. 175.79 crore. The company’s shares were trading at Rs. 120 apiece on the stock exchange, up by 4.62 percent during the session. The stock has surged around 2.56 percent over the last five trading sessions. The stock has surged around 10.04 percent over the last month, reflecting negative momentum. The stock touched a 52-week high of Rs. 125.50 and a 52-week low of Rs. 19.01.
Gujarat Inject Kerala Limited has informed the exchanges that it has secured an order for the supply of 16,129 units of 620Wp Solar PV Modules, with a total contract value of approximately Rs. 14.49 crore, excluding GST. According to the company’s filing, the order has been awarded by a domestic entity and involves arranging and supplying the solar modules at the required project sites. The contract is expected to be executed within June 2026.
The latest order is expected to strengthen the company’s order book while enhancing its presence in India’s rapidly expanding renewable energy sector. With the country continuing to accelerate investments in solar power generation, demand for solar modules and related equipment has remained robust across utility-scale, commercial, and industrial projects.
India’s renewable energy sector has emerged as one of the fastest-growing segments of the economy, supported by government initiatives aimed at increasing clean energy capacity and reducing dependence on conventional fuels. As a result, companies participating in the solar value chain are witnessing growing business opportunities. The company clarified that neither the promoter group nor related parties have any interest in the awarding entity, and the transaction does not fall under related-party transactions.
Although originally incorporated as a pharmaceutical manufacturer, Gujarat Inject Kerala Limited has gradually transformed into a diversified business enterprise. The company is now primarily engaged in the trading of textile fabrics and consumer goods while simultaneously expanding its footprint in the renewable energy sector through solar module supply and related contracts.
The latest Rs. 14.49 crore order from Deon Energy highlights the company’s efforts to capitalize on opportunities emerging from India’s energy transition and could contribute positively to its revenue visibility in the coming quarters.
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