Insolation Energy soars on bagging two orders worth Rs 372.20 crore
Insolation Energy is currently trading at Rs. 260.00, up by 7.85 points or 3.11% from its previous closing of Rs. 252.15 on the BSE.
The scrip opened at Rs. 260.00 and has touched a high and low of Rs. 264.70 and Rs. 254.00 respectively. So far 27500 shares were traded on the counter.
The BSE group 'M' stock of face value Rs. 1 has touched a 52 week high of Rs. 475.00 on 08-Nov-2024 and a 52 week low of Rs. 123.62 on 19-Mar-2024.
Last one week high and low of the scrip stood at Rs. 270.00 and Rs. 247.00 respectively. The current market cap of the company is Rs. 5679.34 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 bagged two orders worth Rs 372.20 crore. The company has been awarded Letter of Award (LOA) by Rajasthan Renewable Energy Corporation (RREC) for design, supply, erection, testing and commissioning including comprehensive operation and maintenance for 25 years from the date of commissioning of roof top solar on state government buildings/ state government undertakings building in Rajasthan under hybrid annuity mode in three districts of Rajasthan Namely Jaipur, Dausa and Churu for aggregate sales consideration of Rs 340.20 crore.
Also, the company has been awarded a purchase order by Teerth Gopicon for supply of 46297 Solar Photovoltaic (SPV) MONO crystalline module aggregating to Rs 32 crore.
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.
