During Wednesday’s trading session, the price of a solar equipment manufacturing company surged up to 6% intraday after securing an order worth 50.52 crore from Braithwaite & CO. Limited
Price movement
With a market capitalization of Rs. 414.5 crores, on Wednesday, the shares of GP Eco Solutions India Ltd were trading up by close to 6 percent intraday. The stock is currently trading at a CMP of Rs 350
What’s the News
GP Eco Solutions India Ltd has received an order worth 50.52 Crore (Exclusive of GST) from Braithwaite & CO. Limited for the Design, Engineering, Procurement, Supply, Construction, Erection, Testing, Commissioning & Comprehensive O&M for 10 years of a 10 MWp(AC) / 12 MWp SPV Plant at Pradip Port Authority this work is scheduled to commence the work ifrom 05.05.2025 and the Scheduled date of completion of work is 28.02.2026
About the company
GP Eco Solutions India Ltd is in the business of manufacturing and trading of solar plants/panels and trading of electronic equipment & solar equipment’s The Company is also engaged in the distribution of a wide range of solar inverters and solar panels. The Company is made an authorized distributor of Sungrow India Pvt Ltd or ‘Sungrow’ for Solar Inverters in North India, and they are authorized distributors for Saatvik Green Energy Private Limited or ‘Saatvik’ and LONGi Solar Technology Co. Ltd or ‘LONGi’ for solar panels in North India.
Financials
Its revenue from operations has surged by 83.7 percent from Rs. 43 Crores in HY1FY24 to Rs. 79 Crores in HY1FY25, whereas the net profits of the company increased by 150 percent Rs. 2 crores in HY1FY24 to Rs. 5 Crores in HY1FY25
Written by Likesh Babu S
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