Multibagger Stock engaged in providing a wide range of financial and other services that include Broking & Distribution, Investment Banking, Infrastructure Consulting, Government Advisory, and many more, jumped 5 percent in the day’s trade upon receiving a work order along with its JV worth order Rs. 520 Crores.
With a market capitalization of Rs. 5,852 Crores, the shares of Choice International Limited were trading at Rs. 293.55, up 4.82 percent from its previous day’s close price of Rs. 280.05. It has delivered multibagger returns of 106 percent in a year.
Choice International Limited has announced that its subsidiary Choice Consultancy Services Private Limited in Joint Venture with Solar91 Cleantech Pvt Limited has received a work order worth Rs. 520 Crores for the development of a solar plant for Jodhpur Vidyut Vitran Nigam Limited.
In the said project both parties will act as key advisors, undertaking comprehensive tasks including detailed site surveys, and supervision of the design, supply, and installation of the solar power plant.
Further, they will oversee the installation of associated 33kV or 11kV lines, conduct testing and commissioning activities, and manage the construction of control rooms. The project is expected to entail a capex outflow of Rs. 152 crores.
This project emphasizes Jodhpur Distribution Company’s commitment to sustainable energy and rural electrification, marking a significant step towards a greener future for the region.
Aligned with the PM-Kusum Yojana Component C 2, aimed at providing affordable electricity to farmers, the initiative entails setting up a 34.72 MW (AC) solar plant during an implementation period of 12 months, with a 25-year operation and maintenance period.
Choice International Limited is an integrated and diversified financial services company engaged in providing a wide range of financial and other services that include Broking & Distribution, Investment Banking, Retail loan distribution, Mutual Fund distribution, Infrastructure Consulting, Government Advisory, and many more.
Its revenue from operations grew by 115.65 percent from Rs. 96 Crores in Q3FY23 to Rs. 207 Crores in Q3FY24, accompanied by profits of Rs. 14 Crores to Rs. 40 Crores.
Written by: Bharath K.S
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