{"id":138930,"date":"2024-11-14T17:20:56","date_gmt":"2024-11-14T11:50:56","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=138930"},"modified":"2024-11-14T17:20:59","modified_gmt":"2024-11-14T11:50:59","slug":"solar-stock-jumps-15-after-receiving-order-worth-33-cr-from-gmrc-for-solar-power-project","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/solar-stock-jumps-15-after-receiving-order-worth-33-cr-from-gmrc-for-solar-power-project\/","title":{"rendered":"Solar stock jumps 15% after receiving order worth \u20b933 Cr from GMRC for solar power project"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1270104687\"><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>Shares of this solar company surged over 15 percent on Thursday after securing a Rs.33.2 crore solar project contract from the Gujarat Energy Development Agency and Corona Remedies Pvt. Ltd.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-53525192\"><!-- 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>Share price movement&nbsp;<\/strong><\/h2><p>In Thursday\u2019s trading session, <strong><a href=\"https:\/\/portal.tradebrains.in\/stocks\/TROM\" target=\"_blank\" rel=\"noreferrer noopener\">Trom Industries Ltd<\/a><\/strong> shares reached an intra-day high of Rs.260.00 per share, rising 15.14 from the previous close of Rs.225.80 apiece. The shares retreated since then and closed at Rs.252.00 per share.\u00a0<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Contract Details&nbsp;<\/strong><\/h2><p>Trom Industries Ltd has secured solar project contracts worth Rs.33.10 crore, strengthening its foothold in the renewable energy sector.&nbsp;<\/p><p>These include a Rs.20.70 crore contract from Gujarat Metro Rail Corporation Ltd (GMRC) to install a 5 MW (AC) solar power system across 15 metro stations in Ahmedabad over five years, and a Rs.12.40 crore project from Corona Remedies Pvt. Ltd for a 4.25 MW DC\/3.57 MW AC ground-mounted solar PV plant, set for completion within the current fiscal year.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-836029813\"><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><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Q2 Results&nbsp;<\/strong><\/h2><p>For the half-year ended September 2024, Trom Industries Ltd reported consolidated revenue of Rs.46.23 crores, marking a notable 133 percent increase from Rs.19.79 crores in Q2 FY24.&nbsp;<\/p><p>The company&#8217;s Profit After Tax (PAT) also demonstrated impressive growth, with a 109 percent year-over-year increase, reaching Rs.4.13 crores in Q2 FY25, compared to Rs.1.97 crores in the same quarter last year.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Management Commentary&nbsp;<\/strong><\/h2><p>Highlighting the development Managing Director of Trom Industries said \u201cTROM continues to deliver profitable growth, leveraging optimism in the market and improved consumer demand. This remarkable growth underscores the growing market acceptance of our innovative products and services, reflecting our commitment to excellence and our strategic growth in the rapidly evolving solar market. Our results highlight the effectiveness of our innovative solutions and our dedication to meeting the increasing demand for sustainable energy.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Manufacturing Capacity&nbsp;<\/strong><\/h2><p>Trom Industries Ltd specializes in solar EPC services, with a focus on residential and industrial solar power solutions.&nbsp;<\/p><p>Operating from its Gandhinagar, Gujarat facility, the company manufactures solar panels, inverters, and street lights, supporting projects from 1 kW to 1 MW. Recently, Trom Industries announced a Rs.450 lakh investment to expand production capacity, addressing the rising demand for renewable energy in India.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>About the Company&nbsp;<\/strong><\/h2><p>Based in Gandhinagar, Gujarat, Trom Industries Ltd is a solar EPC (Engineering, Procurement, and Construction) company specializing in a wide range of solar energy solutions. Founded in 2011, the company has grown to become a notable presence in the solar energy industry.&nbsp;<\/p><div class=\"trade-content-10\" id=\"trade-1364490954\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\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><em>Written by &#8211; Siddesh S Raskar&nbsp;<\/em><\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading has-medium-font-size\" 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-3822493888\"><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>Shares of this solar company surged over 15 percent on Thursday after securing a Rs.33.2 crore solar project contract from the Gujarat Energy Development Agency and Corona Remedies Pvt. Ltd.&nbsp; Share price movement&nbsp; In Thursday\u2019s trading session, Trom Industries Ltd shares reached an intra-day high of Rs.260.00 per share, rising 15.14 from the previous close [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":129661,"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":[20805,948,936,3157,24622,23066,23067,23065],"class_list":["post-138930","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-solar-stock","tag-stock-market","tag-stock-market-news","tag-stock-to-watch","tag-trom-industries","tag-trom-industries-latest-news","tag-trom-industries-new-order","tag-trom-industries-share-price"],"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>Solar stock jumps 15% after receiving order worth \u20b933 Cr from GMRC for solar power project - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of this solar company surged over 15 percent on Thursday after securing a Rs.33.2 crore solar project contract from the Gujarat Energy Development Agency and Corona Remedies Pvt. 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