Insolation Energy climbs on bagging order worth Rs 500.50 crore
Insolation Energy is currently trading at Rs. 3769.95, up by 234.85 points or 6.64% from its previous closing of Rs. 3535.10 on the BSE.
The scrip opened at Rs. 3640.00 and has touched a high and low of Rs. 3792.80 and Rs. 3611.00 respectively. So far 20900 shares were traded on the counter.
The BSE group 'M' stock of face value Rs. 10 has touched a 52 week high of Rs. 3979.85 on 15-Oct-2024 and a 52 week low of Rs. 520.00 on 01-Nov-2023.
Last one week high and low of the scrip stood at Rs. 3792.80 and Rs. 3100.00 respectively. The current market cap of the company is Rs. 7814.08 crore.
The promoters holding in the company stood at 70.05%, while Institutions and Non-Institutions held 0.58% and 29.37% respectively.
Insolation Energy has received largest contract worth Rs 500.50 crore from Rajasthan Renewable Energy Corporation for Design, Supply, Erection, Testing and Commissioning including comprehensive Operation and Maintenance (O&M) for 25 years from the date of commissioning of Rooftop Solar (RTS) photovoltaic power Projects on State Government buildings/State Government undertakings buildings in Rajasthan under Hybrid Annuity Mode (HAM) for Ajmer, Jaipur and Kota Circle/Districts. The order is to be executed within 18 months.
Insolation Energy is a national solar energy provider and has set up a state of the art fully automatic solar PV module manufacturing plant at Jaipur.
