Insolation Energy gains as its arm secures LoA for setting up 9 solar power projects from MSEDCL
Insolation Energy is currently trading at Rs. 94.60, up by 0.80 points or 0.85% from its previous closing of Rs. 93.80 on the BSE.
The scrip opened at Rs. 94.00 and has touched a high and low of Rs. 97.60 and Rs. 93.60 respectively. So far 104034 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 249.50 on 22-Aug-2025 and a 52 week low of Rs. 81.00 on 30-Mar-2026.
Last one week high and low of the scrip stood at Rs. 99.55 and Rs. 92.55 respectively. The current market cap of the company is Rs. 2083.27 crore.
The promoters holding in the company stood at 66.12%, while Institutions and Non-Institutions held 2.09% and 31.79% respectively.
Insolation Energy’s wholly owned subsidiary -- Insolation Green Energy has received a letter of award (LoA) for setting up 9 solar power projects from Maharashtra State Electricity Distribution Co. (MSEDCL) in different territory of state of Maharashtra aggregating total power generation capacity 99 MW AC (128.7 MW DC) under Mukhyamantri Saur Krushi Vahini Yojana - 2.0. This order has been awarded under Tariff based Competitive Bid invited by MSEDCL, for setting up of grid connecting solar power projects at multiple locations in state of Maharashtra.
Following implementation, the combined SPV Solar Power Plants covered under this LOA shall have a cumulative capacity of 99 MW AC (128.7 MW DC). Based on the finalized levelized tariff of Rs 2.90 per unit across all nine sites, the project is expected to generate an annual revenue of around Rs 59.72 crore. The project will also provide a sustainable and stable revenue stream throughout its operational life of 25 years.
