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Green energy stock jumps after it receives order for 13.5 MW solar power plants in Rajasthan

Renewable energy company has been awarded a ₹32 crore contract for the EPC of a 13.5 MW solar power plant in Rajasthan, supporting India’s renewable energy goals and sustainable solutions.
Green energy stock surges after securing 13.5 MW solar power plant orders in Rajasthan.

Introduction:

Renewable energy firm has secured a major contract for the EPC of a 13.5 MW solar power plant in Rajasthan. Valued at ₹32 crore, the project aims to boost sustainable energy solutions and contribute to India’s renewable energy goals.

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Share price movement of SunGarner Energies:

On January 7, 2025, SunGarner Energies Limited opened at ₹520.00, up 0.87% from its previous close of ₹515.50. The stock reached a high of ₹522.00 and a low of ₹520.00. By 11:24 AM, it traded at ₹520.34, with a market cap of ₹120.58 crore.

SunGarner Energies Secures ₹32 Crore Solar Project:

SunGarner Energies Limited has secured a significant order for the Engineering, Procurement, and Construction (EPC) of a 13.5 MW solar power plant in Rajasthan. The contract is valued at approximately ₹32 crore, including GST.

The project is set to enhance SunGarner Energies’ portfolio in the renewable energy sector, reinforcing its position in providing sustainable energy solutions. This contract is part of the company’s ongoing efforts to meet growing demand in solar energy.

This achievement marks a milestone in the company’s growth strategy, underscoring its capability to deliver large-scale projects. The solar power plant will further contribute to India’s renewable energy goals.

Stock performance of SunGarner Energies for Period of 1 week, 6 months and 1 year:

SunGarner Energies Limited has seen a decline of 5.67% over the past week. However, the company has experienced positive growth over the last 6 months, with a 31.8% increase, and a remarkable 91.3% growth over the past year.

Also Read: Defence stock hits 10% upper circuit after it receives license to manufacture Mk-46 and Mk-48 machine guns

Shareholding pattern of SunGarner Energies:

All values in %Sep 2024Mar 2024
Promoter61.50%61.50%
FII0.00%0.00%
DII0.00%0.00%
Public39%38.50%
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About SunGarner Energies:

SunGarner Energies Limited (NSE: SEL) was incorporated in 2015 and offers integrated solar energy solutions. It specializes in power conditioning, storage products, and services like EPC for solar power plants and operations & maintenance.

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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