Introduction:
Renewable energy company has incorporated a new subsidiary, MGVI Green Infra One Private Limited, to focus on solar power plant development and services. The company holds a 60% stake, expanding its footprint in the solar energy sector.
Share price movement of Insolation Energy:
On January 7, 2025, Insolation Energy Ltd opened at ₹3,409.95, up 2.99% from its previous close of ₹3,310.90. The stock reached a high of ₹3,489.00 (5.37%) and a low of ₹3,375.05. By 10:36 AM, it traded at ₹3,399.00, a 2.66% increase, with a market cap of ₹7,080.80 crore.
Insolation Energy Ltd Incorporates Solar Power Subsidiary:
Insolation Energy Limited has announced the incorporation of a new subsidiary, MGVI Green Infra One Private Limited, which will focus on solar power plant development, installation, operation, and maintenance. The company holds a 60% stake in the subsidiary.
The newly formed entity will engage in various solar energy projects, including rooftop solar systems, offering services such as design, testing, commissioning, and operation. The initiative aligns with Insolation Energy’s expansion into the renewable energy sector.
MGVI Green Infra One Private Limited, incorporated on January 5, 2025, is a related party under Insolation Energy’s ownership. The subsidiary will operate under an arm’s length investment and has an authorized share capital of ₹1 lakh.
Recent news on Insolation Energy:
As of December 20, 2024, Insolation Energy Ltd secured land allotment in Madhya Pradesh to set up a solar manufacturing plant with a ₹8,000 crore revenue target, investing ₹1,800 crore, creating 1,600 job opportunities, and boosting renewable energy production.
Ace investor holding in Insolation Energy:
Vanaja Sundar Iyer
Vanaja Sundar Iyer holds a 2.05% stake in Insolation Energy Ltd, with 451,000 shares valued at ₹152.7 crore. This significant holding highlights her confidence in the company’s performance and its future growth potential.
Siddhartha Sharma
Siddhartha Sharma holds a 1.95% stake in Insolation Energy Ltd, amounting to 430,600 shares valued at ₹146.8 crore. This reflects a substantial investment, indicating confidence in the company’s long-term growth and potential in the renewable energy sector.
Stock performance of Insolation Energy for Period of 1 week, 6 months and 1 year:
Insolation Energy Ltd has seen a 11% decline over the past week, but the company has posted a positive 5.85% return over the last 6 months and an impressive 268% growth over the past year, reflecting strong long-term performance.
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Shareholding pattern of Insolation Energy:
| All values in % | Dec 2024 | Sep 2024 | Mar 2024 |
| Promoter | 66.20% | 70.10% | 70.00% |
| FII | 1.40% | 0.60% | 0.00% |
| DII | 0.20% | 0.00% | 0.00% |
| Public | 32.30% | 29.40% | 30.00% |
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About Insolation Energy:
Insolation Energy Ltd (BSE: 543620), established in 2015, manufactures high-efficiency solar panels, modules, batteries, and inverters. The company operates a 200 MW manufacturing unit in Jaipur, positioning itself as the second-largest solar manufacturer in North India.
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.
