Introduction:
Leading solar company has secured a ₹36.42 crore contract from Tripura Renewable Energy Development Agency (TREDA). The project involves solarising 2 HP agriculture pumps under the PM-KUSUM Scheme, ensuring long-term support, maintenance, and insurance coverage.
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Share price movement of Sahaj Solar:
On January 2, 2025, Sahaj Solar Limited opened at ₹515.00, up 0.26% from its previous close of ₹513.60. The stock reached a high of ₹538.75 (4.63%) and a low of ₹508.20. At 11:45 AM, it traded at ₹529.46, with a market cap of ₹590.39 crore.
Sahaj Solar Secures ₹36.42 Cr Order:
Sahaj Solar Limited has secured a Letter of Award (LoA) from Tripura Renewable Energy Development Agency (TREDA) for a solarisation project. The contract, valued at ₹36.42 crore, is under the PM-KUSUM Scheme (Component C).
The project involves the solarisation of existing 2 HP grid-connected agriculture pumps in Tripura. Sahaj Solar will also provide a five-year guarantee, warranty, annual maintenance, and insurance coverage for the project. This contract signifies the company’s expansion in the renewable energy sector.
With this significant order, Sahaj Solar strengthens its presence in the solar energy market. The project, to be executed on a turnkey basis, aligns with India’s renewable energy goals and government schemes.
Stock performance of Sahaj Solar for Period of 1 week and 1 month:
Over the past week, Sahaj Solar Limited has seen a slight decline of 0.31%. In the past month, the stock has dropped by 6.98%, reflecting some short-term challenges but maintaining long-term growth potential in the solar energy sector.
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Shareholding pattern of Sahaj Solar:
| All values in % | Sep 2024 | Jul 2024 |
| Promoter | 71.30% | 71.30% |
| FII | 1.10% | 4% |
| DII | 4.00% | 7.90% |
| Public | 24% | 17% |
About Sahaj Solar:
Sahaj Solar Limited (NSE: SAHAJSOLAR) has been a leader in solar technology since 2007, specializing in Crystalline Photovoltaic Technology. Recognized by IEC and MNRE, the company excels in EPC services, design, and manufacturing of high-quality solar panels.
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.
