During Tuesday’s trading session, the shares of a company engaged in providing specialized EPC services for the construction of buildings and infrastructure facilities are in focus, after securing a civil work order worth nearly Rs. 48.2 crores for a Solar Manufacturing plant in Tamil Nadu.
Price Movement
With a market cap of Rs. 965.5 crores, the shares of Sathlokhar Synergys E&C Global Limited moved up by nearly 2 percent to hit an intraday high at Rs. 429.8 on NSE, as against its previous closing price of Rs. 421.05.
What’s the News
According to the latest regulatory filings with the NSE, Sathlokhar Synergys E&C Global Limited has announced securing a civil work order worth nearly Rs. 48.2 crores from VSL Green Power Private Limited (part of the Vikram Solar Group).
The order involves the construction of a solar manufacturing plant at the SIPCOT Industrial Growth Centre in Gangaikondan, Tamil Nadu. The project is expected to be completed by September 2025.
As of today, the total value of the company’s order book stands at Rs. 981.05 crores, with projects slated for execution over the next 2 to 12 months.
About the Awarding Entity
VSL Green Power Private Limited, part of the Vikram Solar Group, began its manufacturing operations in 2009 with an initial solar PV module manufacturing capacity of 12 MW. By March 2024, this capacity had expanded to 3.5 GW.
The company currently operates manufacturing facilities in Falta SEZ (Kolkata, West Bengal) and Oragadam (Chennai, Tamil Nadu).
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Previous Order
6th February 2025: The company secured an order worth Rs. 40.05 crores from Muthiah Beverage And Confectionery Private Limited, related to Reliance Campa Cola Beverage Manufacturing. This order involves the execution of EPC turnkey construction works.
Financials
Sathlokhar Synergys experienced significant growth in its revenue from operations, showing a year-on-year rise of 208.7 percent from Rs. 46 crores in H1 FY24 to Rs. 142 crores in H1 FY25.
Similarly, its net profit increased during the same period from Rs. 4 crores to Rs. 16 crores, indicating an impressive growth of around 300 percent YoY.
About the company
Established in 2013, Sathlokhar Synergys E&C Global Limited is an engineering, procurement, and construction (EPC) (design and build) and infrastructure turnkey contractor for industrial, warehouse, commercial, institutional, hotels, pharma projects, hospital, solar projects, along with offering Project Management Consultancy services.
Written by Shivani Singh
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