During Wednesday’s trading session, shares of a company involved in the execution of turn-key Solar PV Power Plant projects hit a 2 percent upper circuit on NSE, after securing a work order from Power Grid Corporation of India Limited (PGCIL).
With a market capitalisation of Rs. 45 crores, the shares of Agni Green Power Limited hit a 2 percent upper circuit at Rs. 23.1 on NSE, as against its previous closing price of Rs. 22.65.
What’s the News
According to recent regulatory filings with the NSE, Agni Green Power Limited has received a work order from Power Grid Corporation of India Limited (PGCIL) for the design, supply, installation, commissioning and maintenance of a grid-connected rooftop solar power plant of 1 MW at NIT Durgapur, West Bengal, for a total contract value of Rs. 4.7 crores. The order is to be executed in 4 months from the date of receipt of the order.
Previous Updates
11th March: Zoram Energy Development Agency (ZEDA), Mizoram, has placed a work order worth Rs. 1.52 crores for the conversion of existing off-grid solar power plants in the government’s buildings into on-grid systems at various parts of Mizoram with an aggregate capacity of 887 kWp.
Financial Performance
Agni Green Power reported a growth in revenue from operations, experiencing a rise of nearly 13 percent YoY, increasing from Rs. 14.3 crores in H1 FY24 to Rs. 16.2 crores in H1 FY25. Similarly, over the same period, the company’s net profit grew from Rs. 0.12 crores to Rs. 0.15 crores, representing an increase of 25 percent YoY.
About the Company
Agni Green Power Limited is engaged in the business of manufacturing, selling and installing solar photovoltaic (PV) power plants, solar street lights, solar power conditioning units and other solar products like charge controller, solar pump controller, solar adaptors, solar generators, junction boxes, etc., for transformation of solar energy into electric or power.
Written by Shivani Singh
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