The shares of a solar energy company, known for producing high-efficiency solar panels and modules, rose over 4% after its wholly owned subsidiary received a Letter of Intent for a Rs 380 crore project from Jaipur Vidyut Vitran Nigam Limited (JVVNL).
With a market capitalization of Rs 6,037 Crores, the share price of Insolation Energy Ltd was trading over 4% up to hit an intraday high of Rs 282.00 per share from its previous closing price of Rs 270.30 per share.
Insolation Energy Ltd, in a stock exchange filing, announced that its wholly owned subsidiary, Insolation Green Energy Private Limited, has received a Letter of Intent from Jaipur Vidyut Vitran Nigam Limited (JVVNL) for setting up 109.79 MW of grid-connected solar power plants across 58 sites under the PM-KUSUM Component A scheme.
As part of the project, the company will also handle the operation and maintenance of these plants for a period of 25 years. According to the filing, the solar power plants are expected to generate a total of 17.56 crore units of electricity annually, resulting in an estimated annual revenue of Rs 45.82 crore from power sales.
Insolation Energy Limited is a leading Indian manufacturer of advanced solar panels and modules, offering high-efficiency TOPCon, bifacial, and monofacial solutions. With three fully automated manufacturing facilities in Jaipur.
It serves a wide range of customers across residential, commercial, industrial, and solar farm projects, including government schemes like PM-KUSUM. Backed by a strong network of over 800 channel partners and operations in 100+ districts.
Its order book stands at about Rs 2,500 crore, and by 2025‑27 it aims to expand to 8 GW of module output, 3 GW of solar‑cell capacity and 54,000 MT of aluminium frames across Rajasthan and Madhya Pradesh.
The company reported a revenue of Rs 1,334 crore in FY25, up by 81 percent from its FY24 revenue of Rs 737 crore. Coming to its profitability, the company reported a net profit rise of 129 percent to Rs 126 crore in FY25 from Rs 55 crore in FY24. The stock delivered an ROE and ROCE of 34.8 percent and 34.6 percent, respectively.
Written By Rohan Pandey
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