The shares of renewable energy and infrastructure hit 5 percent upper circuit after the company secured a prestigious work order for the supply of 50 MWp high efficiency 595 Wp TOPCon technology smart solar panels for Rs 97.50 crore.
With a market capitalization of Rs 665.13 crore, the shares of Aerpace Industries Ltd were trading at Rs 44.49 per share, increasing around 4.81 percent as compared to the previous closing price of Rs 42.45 apiece.
Reason for Rise:-
The shares of the company have seen positive movement after Aerpace Industries Ltd secured a prestigious work order for the supply of 50 MWp high efficiency 595 Wp TOPCon technology smart solar panels for Rs 97.50 crore.
Moreover, the 400 MWp solar panel manufacturing facility is set for installation by January-February 2025. Delivery of 595 Wp TOPCon bifacial solar panels under the tender will commence in April 2025, following schedules and work orders issued by the client.
Additionally, AerVolt will begin manufacturing and delivering solar panels post-certification and installation at its advanced factory. This milestone highlights the rising demand for its high-efficiency solar solutions, reaffirming Aerpace Industries Limited’s commitment to India’s renewable energy transition and fostering sustainable growth for its stakeholders.
Financial performance:-
Looking forward to the company’s financial condition, revenue increased slightly by 30 percent from Rs 0.30 crore in Q2FY24 to Rs 0.39 crore in Q2FY25, net loss magnified by 172 percent from Rs 0.25 crore to Rs 0.68 crore.
Business segment:-
The Aerpace project comprises four key components: Superwing, Supercar, Aerdock, and the AerVerse. These elements form the backbone of its intellectual property, representing innovative advancements in aerospace technology, sustainable transportation, docking solutions, and a virtual ecosystem, collectively redefining the future of mobility and connectivity.
Remarkable return:-
The stock has given a return of 49.78 percent in 6 months and a multi-bagger return of 772.55 percent in a year. If an individual invested Rs 1 lakh a year ago, it would be worth now Rs 8.72 lakh.
Company Snapshot:-
Aerpace Industries Limited, formerly Supremex Shine Steels Limited, is engaged in the business of renewable energy and infrastructure. The Company’s aerpace project consists of four main components: Superwing, Supercar, Aerdock, and The aerVerse.
Written by:- Abhishek Singh
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