The shares of one of the leading renewable energy company, specializing in the development and installation of solar power systems, jumped upto 8 percent upon receiving a work order worth Rs. 733.04 crores from KPI Green Energy Limited.
Price action
With a market capitalization of Rs. 6,027.48 crores on Wednesday, the shares of Insolation Energy Limited jumped upto 7.9 percent making a High of Rs. 276.95 per share compared to its previous closing price of Rs. 256.50 per share.
What Happened
Insolation Green Energy Private Limited, a wholly owned subsidiary of Insolation Energy Limited, has secured its largest-ever single sale order of Rs. 733.04 Crores, for the supply of N-Type Bifacial Solar PV Modules to KPI Green Energy Limited for projects at GUVNL and GUVNL Phase-2 and with delivery scheduled between June 2025 and March 2026.
This order complements a previous LOA of Rs. 372.20 Crores from Rajasthan Renewable Energy Corporation Limited and Teerth Gopicon Limited. The order is a significant achievement and reflects the company’s ongoing success and operational efficiency.
About the company
Insolation Energy Ltd. is a leading company in the renewable energy sector, specializing in the development and installation of solar power systems. The company focuses on providing clean energy solutions and offers a wide range of services, including the design, engineering, procurement, and commissioning of solar power plants.
Key Insights
The company has strong financial metrics, with promoter shareholding exceeding 65 percent. Over the past three years, it has maintained a solid average Return on Equity (ROE) of 32.43 percent and an impressive average Return on Capital Employed (ROCE) of 22.23 percent.
Financials
The company’s revenue rose by 118 percent from Rs. 280.06 crore to Rs. 612.7 crore in H1FY24-25. Meanwhile, Net profit rose from Rs. 15.04 crore to Rs. 61.27 crore during the same period.
Written by Sridhar J
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