Rs 295 crore order book: Smart Solar Street Light Company Bags New Order Worth Rs 30,07,30,000 From BREDA
The stock is up by 37.40 per cent from its 52-week low of Rs 327.40 per share.
Ganesh Green Bharat Ltd. has secured a significant contract from the Bihar Renewable Energy Development Agency (BREDA), a government entity under the Energy Department of the Bihar Government. This contract entails the design, supply, installation, testing, commissioning, and comprehensive maintenance (CMC) of Smart Solar Street Light Systems. These systems will be installed on existing electric poles in various blocks of East Champaran and Sitamarhi districts in Bihar, India. The project is part of the 'Mukhyamantri Gramin Solar Street Light Yojana' and involves the deployment of 4400 and 5460 solar street lights, respectively, in the specified districts.
The contract with BREDA is a domestic order, with the total contract value amounting to Rs 30,07,30,000. The execution of this project will involve extensive work, including the installation of solar panels, batteries, controllers, and LED lights. Additionally, the company will be responsible for the maintenance of these systems for a period of five years, ensuring their optimal performance and energy efficiency. This contract win underscores Ganesh Green Bharat Ltd.'s strong position in the renewable energy sector and its commitment to providing sustainable lighting solutions.
About the Company
Founded in 2016, Ganesh Green Bharat Ltd has rapidly evolved from a simple electrical contracting firm into a diversified energy and water solutions provider. With a strong focus on sustainability, the company has expanded its operations to include renewable energy generation, particularly solar power and water supply schemes.
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The company's expertise in solar energy extends from residential solar home lights to large-scale solar power plants. As a channel partner with the Ministry of New and Renewable Energy (MNRE), Ganesh Green Bharat has successfully executed numerous solar projects across India, including a significant project involving 16,486 solar home lighting systems in Rajasthan. In addition to its solar energy ventures, the company has also ventured into the water supply sector, offering comprehensive solutions for rural communities, including the design, construction and commissioning of piped water supply systems.
The company has a market cap of Rs 1,075 crore and the order book stands at Rs 295 crore. The shares of the company have an ROE of 43 per cent and an ROCE of 40 per cent. The stock is up by 37.40 per cent from its 52-week low of Rs 327.40 per share. Investors should keep an eye on this solar stock.
Disclaimer: The article is for informational purposes only and not investment advice.