Multibagger Wind & Solar Power EPC Company Secures 2 LOAs from Paschim Gujarat Vij Company – Stock Gains Over 320 Per cent
The company’s shares have delivered an impressive multibagger return of over 320 per cent to its shareholders.
Winsol Engineers has received two Letters of Award from Paschim Gujarat Vij Company Limited (PGVCL), these awards are detailed as follows:
- The first contract entails the purchase of power through a competitive bidding process, followed by a reverse e-auction, for the solarization of 11 KV agricultural feeders connected to selected 66/11 KV substations within PGVCL's supply area. The scope of work includes the design, survey, supply, installation, testing, commissioning, and 25-year operation and maintenance from the Commercial Operation Date (COD) of a grid-connected solar power plant at the substation level. The project also covers the erection and maintenance of the associated 11 KV line for power evacuation to the substation, equipped with a Remote Monitoring System (RMS), as per the PM KUSUM Scheme’s Component-C (Feeder Level Solarization) under the RESCO model. This project (PG-FLS-TN9-85) has an allocated solar capacity of 2.5 MW and follows the specifications outlined in the order.
- Similar to the first, this award also involves the purchase of power for the solarization of 11 KV agricultural feeders from selected 66/11 KV substations in PGVCL's area, with the same comprehensive scope. This project (PG-FLS-TN9-156) is allocated a larger solar capacity of 4.0 MW, meeting all specified requirements.
Both projects are aligned with the PM KUSUM Scheme's objective of feeder-level solarization, promoting sustainable energy use in agricultural power supply.
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On Friday, the shares of Winsol Engineers closed at around Rs 317.30 per share on the NSE. The company’s current market capitalization stands at Rs 366.01 crore. Additionally, the shares have delivered multibagger returns of over 322 per cent compared to the final issue price of Rs 75 each.
Disclaimer: The article is for informational purposes only and not investment advice.