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Green energy stock jumps 4% after it recives order from NTPC Vidyut Vyapar Nigam for rooftop solar projects

Prominent green energy company secured a ₹33.03 crore contract from NTPC Vidyut Vyapar Nigam for a 7,131 KW rooftop solar project across Central Armed Forces locations in Bihar and Jharkhand.
Green energy stock surges 4% after securing NTPC Vidyut Vyapar Nigam order for rooftop solar projects.
Green energy stock surges 4% after securing NTPC Vidyut Vyapar Nigam order for rooftop solar projects.

Introduction:

Leading Green energy player has secured a ₹33.03 crore contract from NTPC Vidyut Vyapar Nigam for a 7,131 KW rooftop solar project across Central Armed Forces locations in Bihar and Jharkhand, reinforcing its role in India’s clean energy transition.

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Also Read: Defence stock jumps 11% after reporting 439.5% YoY increase in net profits; Receives order for rocket motors

Share price movement of Ganesh Green Bharat:

On February 13, 2025, Ganesh Green Bharat Limited opened at ₹409.00, rising 4.07% from its previous close of ₹397.80. The stock hit a high of ₹415.65 (4.53%) and a low of ₹401.05. By 1:57 PM, it traded at ₹414.00, with a market cap of ₹1,026.76 crore.

Ganesh Green Bharat Secures ₹33 Crore Rooftop Solar Project:

Ganesh Green Bharat Limited has won a ₹33.03 crore contract from NTPC Vidyut Vyapar Nigam Limited for a 7,131 KW grid-connected rooftop solar project. The project spans multiple Central Armed Forces locations under the Ministry of Home Affairs in Bihar and Jharkhand.

The contract includes supply, installation, testing, and commissioning of rooftop solar systems, along with ten years of operations and maintenance. The project aligns with India’s renewable energy goals and reinforces Ganesh Green Bharat’s position in the clean energy sector.

The award strengthens the company’s presence in the solar industry, contributing to sustainable energy development. This milestone highlights its capability in executing large-scale solar projects, supporting India’s transition towards green energy and reducing carbon emissions.

Stock performance of Ganesh Green Bharat for Period of 1 week, 6 months and 1 year:

Ganesh Green Bharat Limited has witnessed a decline in its stock performance, with a 7.22% drop over the past week, an 18.0% decline in a month, and a 19.7% loss over six months, reflecting market volatility.

Also Read: Semiconductor stock jumps 12% after signing MoU worth ₹510 Cr with Karnataka Govt; Announces robust results

Shareholding pattern of Ganesh Green Bharat:

Sep 2024Jul 2024
Promoter73.40%73.40%
FII3.10%5.10%
DII2.80%6.20%
Public20.80%15.30%
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About Ganesh Green Bharat:

Ganesh Green Bharat Ltd (NSE: GGBL), incorporated in 2016, specializes in Solar PV Module manufacturing, Solar Systems, and Allied Services. The company also engages in Electrical Contracting and Water Supply Scheme Projects, contributing to India’s renewable energy sector.

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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