{"id":128414,"date":"2024-07-12T11:27:00","date_gmt":"2024-07-12T05:57:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=128414"},"modified":"2024-07-12T11:27:04","modified_gmt":"2024-07-12T05:57:04","slug":"green-energy-stock-jumps-4-after-receiving-work-order-from-hpcl-renewable-energy","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/green-energy-stock-jumps-4-after-receiving-work-order-from-hpcl-renewable-energy\/","title":{"rendered":"Green energy stock jumps 4% after receiving work order\u00a0from HPCL\u00a0Renewable Energy"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2786757342\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Green Energy stock engaged in providing SaaS-based solutions for well-known players like Adani Renewables, BPCL, Asian Development Bank, and many more, to undertake solar projects jumped 4 percent in the day\u2019s trade upon receiving a work order worth Rs. 40 Lakhs from HPCL.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1453741417\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><h3 class=\"wp-block-heading\"><strong>Price Action&nbsp;<\/strong><\/h3><p>With a market capitalization of Rs. 109 Crores, the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/543941\/standalone\" target=\"_blank\" rel=\"noreferrer noopener\">Ahasolar Technologies Limited<\/a><\/strong> were trading at Rs. 354 per equity share, up 1.62 percent from its previous day\u2019s close price of Rs. 348.35.\u00a0<\/p><h3 class=\"wp-block-heading\"><strong>What Happened&nbsp;<\/strong><\/h3><p>Ahasolar Technologies Limited has received a new work order from HPCL Renewable and Green Energy Limited for a consideration of Rs. 40 lakhs, for providing Consultancy services for DFR Floating Solar, Tender preparation and Evaluation, PMC services, and Site supervision for Nachana, HPCL Rajasthan Refinery Limited (HRRL) Pachpadra, and Vizag Refinery and the work should be executed within 16 months.&nbsp;<\/p><h3 class=\"wp-block-heading\"><strong>About the Company&nbsp;<\/strong><\/h3><p>Ahasolar Technologies Limited is engaged in the business of providing integrated technology solar IT solutions like software-as-a-service (SaaS) for solar companies, development companies, and many more to undertake solar projects and or anything related to it.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3902118321\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>It has 3 business segments i.e., Software for Solar PV Installers and Government Agencies, Advisory and Technical Consultancy Services for the development of Solar Power Plants, providing a Marketplace for Solar PV Installers and Manufacturers that has a pan-India presence making an Impact on the Solar Ecosystem.&nbsp;<\/p><p>It has a strong customer base that involves government institutions and well-known players like, Adani Renewables, Asian Development Bank, BPCL, Deloitte, Coal India, EY, and many more.&nbsp;<\/p><h3 class=\"wp-block-heading\"><strong>Financials and Ratios&nbsp;<\/strong><\/h3><p>Its revenue from operations grew by 101 percent from Rs. 20.87 Crores in FY23 to Rs. 42.04 Crores in FY24, accompanied by profits of Rs. 1.60 Crores to Rs. 4 Lakhs.\u00a0<\/p><p>In terms of Return ratios, it has reported a return on equity(ROE) of 1.01 percent and a return on capital employed (ROCE) of 1.51 percent. It is a debt-free company, as it has reported a debt-to-equity ratio of 0.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by: Bharath K.S\u00a0<\/strong><\/p><\/blockquote><h3 class=\"wp-block-heading\"><strong>Disclaimer<\/strong><\/h3><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3609793566\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Green Energy stock engaged in providing SaaS-based solutions for well-known players like Adani Renewables, BPCL, Asian Development Bank, and many more, to undertake solar projects jumped 4 percent in the day\u2019s trade upon receiving a work order worth Rs. 40 Lakhs from HPCL.&nbsp; Price Action&nbsp; With a market capitalization of Rs. 109 Crores, the shares [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":105377,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[11924,20429,11923,948,936],"class_list":["post-128414","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-ahasolar-technologies-latest-news","tag-ahasolar-technologies-new-order","tag-ahasolar-technologies-share-price","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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