Monte Carlo Fashions wins order from MPUVNL for solar PV-based power plants worth ₹147 CrMonte Carlo Fashions wins order from MPUVNL for solar PV-based power plants worth ₹147 Cr

Introduction

Leading fashion and manufacturing company secured multiple 35 MW solar PV projects from Madhya Pradesh Urja Vikas Nigam Ltd under PM KUSUM-C, with 18-month execution and 25-year operational period.

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Share price movement of Monte Carlo Fashions

On December 24, 2025, Monte Carlo Fashions Ltd opened at ₹746.75, up 3.35% from its previous close of ₹722.70. The stock reached a high of ₹751.40 (3.94%) and a low of ₹712.15. By 12:29 PM, it traded at ₹718.60, a 0.57% decrease, with a market cap of ₹1,489.81 crore.

Monte Carlo Fashions Secures 35 MW Solar Order

Monte Carlo Fashions Limited has received multiple Letters of Award from Madhya Pradesh Urja Vikas Nigam Ltd (MPUVNL) for solar photovoltaic power plants with an aggregate capacity of 35 MW AC.

The projects fall under the Surya Mitra Krishi Feeders Scheme – PM KUSUM-C. The contract includes EPC execution over 18 months and a 25-year operational period under a tariff-based Power Purchase Agreement.

The total EPC cost for the projects is approximately ₹147 crore, including GST. The order strengthens Monte Carlo Fashions Limited’s renewable energy portfolio and presence in domestic solar power infrastructure.

Stock performance of Monte Carlo Fashions for Period of 1 week, 6 months, and 1 year

Monte Carlo Fashions Ltd delivered a 3.31% return over the past week. The stock gained 19.7% in the past six months and declined 14.7% over the past year.

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Shareholding pattern of Monte Carlo Fashions

Particulars	Sep 2025	Jun 2025	Mar 2025
Promoter	73.20%	73.20%	73.20%
FII	1.10%	1.30%	1.10%
DII	1.40%	1.30%	1.90%
Public	24.30%	24.20%	23.90%

About Monte Carlo Fashions

Monte Carlo Fashions Ltd (NSE: MONTECARLO), established in 2008, manufactures and designs woollen and cotton ready-made apparel and also engages in trading of ready-made clothing across India.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

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