The renewable lighting solutions sector in India is experiencing significant growth, driven by the increasing demand for sustainable and energy-efficient alternatives. Solar-powered lighting systems are at the forefront of this shift, especially in rural areas where grid access is limited. Companies like Tata Power Solar, Havells, and Philips India are major players, providing innovative solar lighting solutions.
The government’s push for renewable energy through initiatives like the Pradhan Mantri Sahaj Bijli Har Ghar Yojana (Saubhagya) is further boosting sector growth. The future scope is promising, with increased adoption of solar street lights, off-grid systems, and smart lighting solutions. The focus on energy efficiency, environmental sustainability, and reducing carbon footprints presents ample opportunities for expansion and innovation in the sector.
Share Price
The shares of Ganesh Green Bharat Ltd are currently trading at Rs. 592.95 up by 1.4% from its previous close of Rs. 584.7 as of January 02, 2025. The stock also touched an intraday high of Rs. 600.
Recent Updates
The Bihar Renewable Energy Development Agency (BREDA) has issued an empanelment order for executing agencies to design, supply, install, test, and commission Smart Solar Street Light Systems under the ‘Mukhyamantri Gramin Solar Street Light Yojana’. The project covers various blocks in Bihar’s Buxar district, including Buxar, Chausa, Rajpur, Itarhi, Dumraon, Chaugain, Chakki, Nawanagar, Kesath, Brahmpur, and Simri.
The order encompasses 4,570 Smart Solar Street Lights at Rs. 30,500 per unit, with a total order value implication of approximately Rs. 13.9 crore. The contract includes a 5-year Comprehensive Maintenance Contract (CMC) with Remote Monitoring System (RMS). This domestic contract aims to illuminate rural areas while incorporating smart monitoring capabilities for efficient maintenance and operation.
About the Company
Incorporated in 2016, Ganesh Green Bharat Ltd specializes in manufacturing Solar PV Modules, solar systems, and providing EPC services. The company is also involved in electrical contracting and water supply scheme projects. With a strong track record, Ganesh Green Bharat has successfully completed over 27 projects worth more than Rs. 220 crore. This includes the production of over 2.5 lakh solar modules and the installation of over 1 lakh systems. Known for its commitment to renewable energy solutions, the company plays a key role in driving India’s transition towards sustainable energy while also contributing to infrastructure development through diverse projects.
Written By: Dipangshu Kundu
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
