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Power stock jumps 3% after receiving orders worth ₹372 Cr from Teerth Gopicon and Rajasthan Renewable Energy Corp.

Prominent renewable energy player secured ₹372.20 crore in orders, including a rooftop solar project in Rajasthan and a module supply contract, reinforcing its market position and commitment to India's sustainable energy growth.
Power stock surges after securing ₹372 Cr orders from Teerth Gopicon & Rajasthan Renewable Energy.
Power stock surges after securing ₹372 Cr orders from Teerth Gopicon & Rajasthan Renewable Energy.

Introduction:

Leading power solutions provider has secured significant orders worth ₹372.20 crore, including a major rooftop solar project across Rajasthan and a substantial module supply contract. These developments strengthen its market presence and reinforce its commitment to advancing India’s renewable energy sector.

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Share price movement of Insolation Energy:

On March 18, 2025, Insolation Energy Ltd opened at ₹260.00, up 3.11% from its previous close of ₹252.15. The stock reached a high of ₹264.70 (3.80%) and a low of ₹254.00. By 12:02 PM, it traded at ₹257.25, a 2.02% increase, with a market cap of ₹5,668.32 crore.

Insolation Energy Secures ₹372.20 Crore Orders, Expands Solar Projects in Rajasthan:

Insolation Energy Limited has secured orders worth ₹372.20 crore, including a ₹340.20 crore contract from Rajasthan Renewable Energy Corporation Limited for designing, supplying, and maintaining rooftop solar projects across Jaipur, Dausa, and Churu under the Hybrid Annuity Mode.

Additionally, the company received a ₹32 crore purchase order from Teerth Gopicon Limited for supplying 46,297 mono-crystalline solar modules. These projects, set for execution in FY 2025-26, will contribute significantly to India’s renewable energy landscape while strengthening the company’s market position.

Insolation Energy Limited attributes its success to its dedicated teams across production, sales, and marketing. With a strong focus on operational efficiency and customer expansion, this milestone reinforces its commitment to advancing sustainable energy solutions across India.

Stock performance of Insolation Energy for Period of 1 week, 6 months, and 1 year:

Insolation Energy Ltd saw a 0.94% decline over the past week and a 30.6% drop in six months. However, the stock delivered an impressive 94% return over the past year, highlighting its strong long-term growth in the renewable energy sector.

Also Read: Restaurant stock hits 5% upper circuit after clearing ₹205 Cr debt

Shareholding pattern of Insolation Energy:

ParticularsDec 2024Sep 2024
Promoter66.20%70.10%
FII1.40%0.60%
DII0.20%0.00%
Public32.30%29.40%
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About Insolation Energy:

Insolation Energy Ltd (BSE: 543620), incorporated in 2015, manufactures high-efficiency solar panels and modules. Its 200 MW SPV module manufacturing unit in Jaipur spans over 60,000 sq. ft, equipped with advanced machinery to support India’s renewable energy growth.

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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