Green Energy stock engaged in providing SaaS-based solutions for well-known players like Adani Renewables, BPCL, Asian Development Bank, and many more, in focus upon receiving a work order from Hindustan Petroleum Corporation Limited.
With a market capitalization of Rs. 111.75 Crores, the shares of Ahasolar Technologies Limited hit a 5 percent lower circuit at Rs. 362.55, from its previous day’s close price of Rs. 381.60. The stock has been recently hitting lower circuits, so do your research before investing.
Ahasolar Technologies Limited has received a new work order from Hindustan Petroleum Corporation Limited for a consideration of Rs. 25 Lakhs for providing Consultancy Services for Site Supervision & PMC services for Solar Plant in Maharashtra and the work order is to be executed in one year.
Ahasolar Technologies Limited is engaged in the business of providing integrated technology solar IT solutions like software-as-a-service (SaaS) for solar companies, development companies, and many more to undertake solar projects and or anything related to it.
It has 3 business segments i.e., Software for Solar PV Installers and Government Agencies, Advisory and Technical Consultancy Services for the development of Solar Power Plants, providing a Marketplace for Solar PV Installers and Manufacturers that has a pan-India presence making an Impact in the Solar Ecosystem.
It has a strong customer base that involves government institutions and well-known players like, Adani Renewables, Asian Development Bank, BPCL, Deloitte, Coal India, EY, and many more.
Its revenue from operations grew by 101 percent from Rs. 20.87 Crores in FY23 to Rs. 42.04 Crores in FY24, accompanied by profits of Rs. 1.60 Crores to 4 Lakhs.
Written by: Bharath K.S
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