Solar EPC company purchases new land for expansion and upgradation of its manufacturing capabilities, production capabilities and technological advancement
The shares of the company have an ROE of 42.5 per cent and an ROCE of 51 per cent.
Australian Premium Solar (India) Limited has recently acquired 2.38 acres of land located at Building No. 3, PH 2 Ground Floor, Nr. Panditji Hotel, Nana Chiloda, Naroda Road Ahmedabad- 382330 Gujarat, to expand and enhance its manufacturing capabilities, production capacity, and technological advancements. This strategic land acquisition, spanning approximately 10,000 square meters, will enable the company to further strengthen its position in the domestic Indian market.
Australian Premium Solar (India) Limited has secured a substantial domestic contract worth approximately Rs. 11,35,14,150 from an unidentified client. The contract involves providing solar PV modules, including 500Wp, 520Wp, and 535Wp variants, which the company anticipates delivering within 40 to 50 days. Moreover, the company has expanded its manufacturing facility in Tajpur, Gujarat, by introducing new machinery for producing Monocrystalline Solar Panels. This expansion has increased production capacity from 200 MW to 600 MW annually, and the plant is currently operating at full capacity. These panels are exclusively intended for the domestic Indian market.
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Australian Premium Solar (India) Ltd, founded in 2013, specializes in manufacturing high-efficiency monocrystalline and polycrystalline solar panels. The company also offers comprehensive solar power solutions, including design, installation, and maintenance for residential, commercial, and agricultural sectors, providing end-to-end services for its clients.
On Tuesday, shares of Australian Premium Solar (India) Limited gained 0.41 per cent to Rs 457.45 per share from its previous closing of Rs 455.60 per share. The stock’s 52-week high is Rs 669.90 per share and its 52-week low is Rs 140 per share.
The company have a market cap of Rs 900 crore. The shares of the company have an ROE of 42.5 per cent and an ROCE of 51 per cent. The stock gave multibagger returns of 226.75 per cent from its 52-week low of Rs 140 per share. Investors should keep an eye on this small-cap solar EPC stock.
Disclaimer: The article is for informational purposes only and not investment advice.