Green Energy also engaged in the business of execution of turnkey solar power plant projects by providing EPC and other services jumped 5 percent in the day’s trade upon receiving work order worth Rs. 2.58 Crores for a 3MWp Solar PV system.
Price Action
With a market capitalization of Rs. 68 Crores, the shares of Agni Green Power Limited were trading at Rs. 34.80 per equity share, up 4.3 percent from its previous day’s close price of Rs. 33.35.
What Happened
Agni Green Power Limited engaged in the business of executing turnkey solar PV power plant projects has received a new service work order from Shyam Sel and Power Limited Dhasna Paschim Burdwan for a consideration of Rs. 2.58 Crores.
The said work order involves the Design, Engineering, Procurement, Manufacturing, Supply, Installation & Commissioning of up to 3 MWp (DC) Solar PV system at Jamuria Asansol West Bengal and it is to be executed within 4 months.
About the Company
Agni Green Power Limited is an integrated solar energy solutions provider engaged in the business of execution of turnkey solar PV power plant projects, including design, engineering, supply, installation, commissioning, operation, and maintenance.
Agni Green Power Limited is also a registered channel partner of the Ministry of New & Renewable Energy, Govt. of India, for off-grid solar PV applications.
It manufactures solar power conditioning units, solar inverters, solar maximum power point tracking chargers, remote monitoring and diagnostic systems, solar photovoltaic junction boxes, control panels, solar pump controllers, and digital DC energy meters, among others.
Financials & Ratios
Its revenue from operations grew by 13.34 percent from Rs. 14.26 Crores in H1FY24 to Rs. 16.16 Crores in H1FY25, accompanied by profits of Rs. 0.12 Lakhs to Rs. 0.15 Lakhs.
In terms of return ratios, it has reported a return on equity (ROE) of 1.08 percent and a return on capital employed (ROCE) of 5.34 percent. In terms of leverage, it has reported a debt-to-equity ratio of 0.32.
Written by: Bharath K.S
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