During Friday’s trading session, the shares of a company engaged in the business of solar power generation and its transmission hit a 5 percent upper circuit on BSE, after announcing the development of 14.96 MW/ 1.747 MWp ground-mounted solar power plants in Gujarat.
Price Movement
With a market cap of Rs. 97.6 crores, the shares of WAA Solar Limited opened in the green at Rs. 71.1, up by around 1.4 percent, as against its previous closing price of Rs. 70.11. The stock has delivered negative returns of nearly 49 percent over a one-year period, as well as around 14 percent returns in the last one month.
What’s the news
According to the latest exchange filings with the BSE, WAA Solar Limited announced the development of ground-mounted solar power plants with a cumulative capacity of 14.96 MW/21.747 MWp under the PM-Kusum-C Yojana, located in Gujarat for Paschim Gujarat Vij Company Limited (PGVCL).
This project highlights WAA Solar Limited’s commitment to India’s clean energy transition, contributing to enhanced energy security and supporting the nation’s sustainability objectives.
Financials
WAA Solar reported a decline in revenue from operations, experiencing a year-on-year decrease of nearly 39 percent, falling from Rs. 23.7 crores in H1 FY24 to Rs. 14.4 crores in H1 FY25. Similarly, during the same period, the company’s net profit decreased from a profit of Rs. 5 crores to a loss of Rs. 0.3 crores.
About the company
Incorporated in 2009, WAA Solar Limited is engaged in the business of solar power generation and its transmission and totally depends upon Government Policies.
Written by Shivani Singh
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