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Stock under ₹50 hits 5% upper circuit after it receives order for smart solar panels

Major renewable energy company has secured a ₹97.50 crore order for 50 MWp high-efficiency solar panels, boosting revenue and supporting India’s clean energy goals through expanded production and delivery in 2025.
Stock under ₹50 hits 5% upper circuit after it receives order for smart solar panels
Stock under ₹50 hits 5% upper circuit after it receives order for smart solar panels

Introduction:

Leading renewable energy firm has secured a significant order for 50 MWp high-efficiency solar panels, valued at ₹97.50 crores. This milestone strengthens its position in the sector, promising revenue growth, enhanced cash flow, and supporting India’s clean energy transition.

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Share price movement of Aerpace Industries:

On December 30, 2024, Aerpace Industries Ltd opened at ₹44.57, up 4.83% from its previous close of ₹42.45. The stock reached a high of ₹44.57 and a low of ₹44.12. By 10:54 AM, it traded at ₹44.50, a 4.83% increase, with a market cap of ₹665.28 crore.

Aerpace secures major solar order:

Aerpace Industries Limited has secured a major order for 50 MWp high-efficiency 595 Wp TOPCon technology smart solar panels, valued at ₹97.50 crores. This strengthens aerVolt’s position in the renewable energy sector and affirms industry trust in its innovative solutions.

The order is expected to boost revenue and cash flow for Aerpace Industries, with ₹97.50 crores contributing to the company’s topline for FY 2025-2026. The project will support the company’s operational expansion, driving forward its renewable energy initiatives.

Installation of the 400 MWp solar panel manufacturing facility is set for completion in early 2025, with deliveries scheduled to begin in April 2025. The project marks an important step toward India’s renewable energy transition, reinforcing Aerpace’s commitment to sustainable growth.

Ace investor holding in Aerpace Industries:

Ramaswamy Reddy Pedinekaluva

Ramaswamy Reddy Pedinekaluva holds a 1.22% stake in Aerpace Industries Ltd, owning 1,819,235 shares valued at ₹8.1 crore. This significant shareholding reflects confidence in the company’s growth prospects and its position in the renewable energy sector.

Vivek Kanda

Vivek Kanda holds a 1.04% stake in Aerpace Industries Ltd, owning 1,550,909 shares valued at ₹6.9 crore. This significant holding demonstrates his belief in the company’s growth prospects within the renewable energy sector and its future potential.

Stock performance of Aerpace Industries for Period of 1 week, 6 months and 1 year:

Aerpace Industries Ltd has shown impressive performance with a 4.89% return over the past week, 42.9% over six months, and a remarkable 749% return over the last year, reflecting strong growth and investor confidence in its future potential.

Also Read: Infra stocks that have delivered highest returns in 2024 to look out for

Shareholding pattern of Aerpace Industries:

All values in %Sep 2024Jun 2024Mar 2024
Promoter46.50%50.70%50.70%
FII0.00%0%0%
DII0%0.00%0.00%
Public53.50%49.30%49.30%
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About Aerpace Industries:

Aerpace Industries Limited (BSE: 534733), formerly known as Supremex Shine Steels Ltd, was incorporated in 2011. Initially focused on steel trading and consultancy, the company shifted its focus to infrastructure and received its new name in April 2023.

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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