{"id":130945,"date":"2024-08-13T12:21:21","date_gmt":"2024-08-13T06:51:21","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=130945"},"modified":"2024-08-13T12:28:55","modified_gmt":"2024-08-13T06:58:55","slug":"renewable-energy-stock-jumps-3-after-receiving-order-worth-10-39-cr-from-torrent-power","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/renewable-energy-stock-jumps-3-after-receiving-order-worth-10-39-cr-from-torrent-power\/","title":{"rendered":"Renewable energy stock jumps 3% after receiving order worth \u20b9 10.39 Cr from Torrent Power\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3887603680\"><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 manufacturing solar photovoltaic modules and providing turnkey solar solutions jumps 3 percent in the day\u2019s trade upon receiving a new work order worth RS. 10.39 Crores from Torrent Power Limited.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2742065716\"><!-- 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><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Price Action&nbsp;<\/strong><\/h2><p>With a market capitalization of Rs. 1,414 Crores, the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/SOLEX\/standalone\" target=\"_blank\" rel=\"noreferrer noopener\">Solex Energy Limited<\/a><\/strong> were trading at Rs. 1,768 per equity share, up 3 percent from its previous day\u2019s close price of Rs. 1,726.25.\u00a0<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>What Happened&nbsp;<\/strong><\/h2><p>Solex Energy Limited has received a new work order from Torrent Power Limited for providing Engineering, Procurement, and Construction(EPC) services for a Rooftop Solar and Ground mount for 3075 KWp for consideration of Rs. 10.39 Crores and the work is to be completed within 31st March 2025 as per the terms of the order.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>About the Company&nbsp;<\/strong><\/h2><p>Solex Energy Limited is engaged in the manufacturing of solar photovoltaic modules and providing turnkey solar solutions across different segments, such as solar power plants, solar water pumps, utility-scale ground-mounted solar power plants, and many others&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3566631776\"><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><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Also Read<\/strong><\/p>\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-trade-brains wp-block-embed-trade-brains\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"KRL2yvQvm2\"><a href=\"https:\/\/tradebrains.in\/features\/msci-india-index-rvnl-oil-india-and-6-other-stocks-to-see-inflows-of-1-6-bil\/\">MSCI India Index: RVNL, Oil India and 6 other stocks to see inflows of $1.6 Bil<\/a><\/blockquote><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"&#8220;MSCI India Index: RVNL, Oil India and 6 other stocks to see inflows of $1.6 Bil&#8221; &#8212; Trade Brains\" src=\"https:\/\/tradebrains.in\/features\/msci-india-index-rvnl-oil-india-and-6-other-stocks-to-see-inflows-of-1-6-bil\/embed\/#?secret=hvJ7KLjoA5#?secret=KRL2yvQvm2\" data-secret=\"KRL2yvQvm2\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure><\/blockquote><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Financials and Ratios&nbsp;<\/strong><\/h2><p>Its revenue from operations grew by 127 percent from Rs. 161 Crores in FY23 to Rs. 366 Crores in FY24, accompanied by profits of Rs. 3 Crores to Rs. 9 Crores.&nbsp;<\/p><p>In terms of Return ratios, it has delivered a return on equity(ROE) of 23.2 percent and a return on capital employed (ROCE) of 21.3 percent. It has maintained a debt-to-equity ratio of 2.08&nbsp;<\/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><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><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 <a href=\"http:\/\/tradebrains.in\/\">tradebrains.in<\/a> 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-3065068179\"><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 manufacturing solar photovoltaic modules and providing turnkey solar solutions jumps 3 percent in the day\u2019s trade upon receiving a new work order worth RS. 10.39 Crores from Torrent Power Limited.&nbsp; Price Action&nbsp; With a market capitalization of Rs. 1,414 Crores, the shares of Solex Energy Limited were trading at Rs. [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":119051,"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":[21511,14154,16538,16537,948,936,3157],"class_list":["post-130945","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-renewable-energy","tag-solex-energy","tag-solex-energy-latest-news","tag-solex-energy-share-price","tag-stock-market","tag-stock-market-news","tag-stock-to-watch"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Renewable energy stock jumps 3% after receiving order worth \u20b9 10.39 Cr from Torrent Power\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Green Energy stock engaged in manufacturing solar photovoltaic modules and providing turnkey solar solutions jumps 3 percent in the day\u2019s trade upon receiving a new work order worth RS. 10.39 Crores from Torrent Power Limited.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/renewable-energy-stock-jumps-3-after-receiving-order-worth-10-39-cr-from-torrent-power\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Renewable energy stock jumps 3% after receiving order worth \u20b9 10.39 Cr from Torrent Power\u00a0\" \/>\n<meta property=\"og:description\" content=\"Green Energy stock engaged in manufacturing solar photovoltaic modules and providing turnkey solar solutions jumps 3 percent in the day\u2019s trade upon receiving a new work order worth RS. 10.39 Crores from Torrent Power Limited.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/renewable-energy-stock-jumps-3-after-receiving-order-worth-10-39-cr-from-torrent-power\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-13T06:51:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-13T06:58:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/02\/green-energy00.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/renewable-energy-stock-jumps-3-after-receiving-order-worth-10-39-cr-from-torrent-power\/\",\"url\":\"https:\/\/tradebrains.in\/features\/renewable-energy-stock-jumps-3-after-receiving-order-worth-10-39-cr-from-torrent-power\/\",\"name\":\"Renewable energy stock jumps 3% after receiving order worth \u20b9 10.39 Cr from Torrent Power\u00a0 - 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