Annu Projects surges on signing MoU with GEIE Solar Products India
Annu Projects is currently trading at Rs. 40.47, up by 1.25 points or 3.19% from its previous closing of Rs. 39.22 on the BSE.
The scrip opened at Rs. 39.30 and has touched a high and low of Rs. 41.77 and Rs. 38.88 respectively. So far 36676 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 78.74 on 02-Sep-2026 and a 52 week low of Rs. 36.07 on 26-Oct-2026.
Last one week high and low of the scrip stood at Rs. 40.67 and Rs. 37.11 respectively. The current market cap of the company is Rs. 267.14 crore.
The promoters holding in the company stood at 65.05%, while Institutions and Non-Institutions held 1.19% and 33.77% respectively.
Annu Projects has signed a Memorandum of Understanding (MoU) with GEIE Solar Products India for the procurement and supply of materials required for 8,000 grid-connected rooftop solar systems in Dausa, Rajasthan. Under the arrangement, Annu Projects will be responsible for procuring and supplying the required materials, while GEIE Solar Products India, the awardee of the project, will undertake installation, commissioning and other project execution responsibilities. The project is scheduled to be completed within six months, as stipulated under the award.
The project constitutes Lot-3 (Dausa) of a tender floated by Jaipur Vidyut Vitran Nigam (JVVNL), which was awarded to GEIE Solar Products India. Under the MoU, Annu Projects will procure and supply solar PV modules, mounting structures, DC and AC cables, grid-tied inverters, internet dongles for remote monitoring and other balance-of-system components required for the installations. The materials will be procured in accordance with the technical specifications stipulated in the award documents and will be subject to verification by JVVNL officials prior to purchase. GEIE Solar Products India will be responsible for installation, commissioning, net metering, beneficiary coordination and the applicable operations and maintenance obligations under the project.
