Introduction:
Prominent renewable energy company plans to increase its solar panel manufacturing capacity from 750 MW to 1100 MW at its Gujarat facility. This expansion, backed by an investment of ₹5.52 crore, aims to meet rising demand for solar PV modules.
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Share price movement of Ganesh Green:
On December 18, 2024, Ganesh Green opened at ₹531.40, up 0.83% from its previous close of ₹526.95. The stock reached a high of ₹562.50 (6.27%) and a low of ₹530.00. By 4:00 PM, it traded at ₹557.35, a 5.77% increase, with a market cap of ₹1,388.86 crore.
Ganesh Green Bharat expands solar capacity:
Ganesh Green Bharat Limited has announced plans to increase its solar panel manufacturing capacity from 750 MW to 1100 MW (1.1 GW) at its existing facility in Tundali, Gujarat. This expansion aims to meet growing demand for solar PV modules.
The capacity upgrade will be achieved through modernization, machine upgrades, and the import of new machinery. The company has earmarked an investment of approximately ₹5.52 crore for this initiative, which will be funded through internal accruals and borrowing.
This move aligns with the company’s goal to boost production and contribute to the renewable energy sector’s growth. The expansion will help position Ganesh Green Bharat as a leading player in India’s solar energy market, with the added benefit of enhanced manufacturing capabilities.
Recent news on Ganesh Green:
As of December 04, 2024, Ganesh Green Bharat Ltd. secured a major contract from Bihar Renewable Energy Development Agency to design, supply, install, and maintain 9,860 Smart Solar Street Lights in East Champaran and Sitamarhi districts under a government initiative.
Stock performance of Ganesh Green for Period of 1 week and 1 month:
Ganesh Green Bharat Limited has shown strong performance with a 13.6% return over the past week and a significant 28.0% return over the last month, reflecting positive investor sentiment and growth potential in the renewable energy sector.
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Shareholding pattern of Ganesh Green:
| All values in % | Sep 2024 | Jul 2024 |
| Promoter | 73.40% | 73.40% |
| FII | 3.10% | 5.10% |
| DII | 2.80% | 6.20% |
| Public | 20.80% | 15.30% |
About Ganesh Green:
Ganesh Green Bharat Ltd (NSE: GGBL) was initially established as “M/s. Ganesh Electricals” in 2016, later transforming into a private limited company. It became a public limited entity in 2023, with a focus on green energy solutions.
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.
