Solar Pumps Manufacturing Company Bags New Order Worth Rs 15,54,00,000 From Border Security Force (BSF)
The stock is up by 84.2 per cent from its 52-week low of Rs 342 per share.
Sahaj Solar Limited announced that it received a Letter of Commencement of Work order, following the acceptance of Bank Guarantees by the relevant department. This marks a significant milestone as the company has secured a contract from the Directorate General Border Security Force (BSF), Engineering Branches, Ministry of Home Affairs, Government of India. The contract entails the provision, installation, testing, and commissioning of two 25 kW off-grid solar power plants, one at BSF Gopalpur and another at BSF Coochbehar, under the FTR HQ BSF Guwahati. The total order value for this project is approximately Rs 15.54 crore.
Additionally, Sahaj Solar Limited has entered discussions with Cliantech Solutions and Technologies LLP to establish a 1.5 GW solar module production line. As part of this collaboration, Sahaj Solar has placed an initial order for 750 MW of solar modules, which was confirmed on Thursday, October 3, 2024. The remaining 750 MW capacity is slated for commissioning after the second quarter of 2025. This strategic partnership underscores Sahaj Solar's commitment to expanding its manufacturing capabilities and meeting the growing demand for solar energy solutions.
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About the Company
Sahaj Solar Limited is a renewable energy company established in 2010. Their primary operations involve manufacturing solar PV modules at their 100 MW capacity plant in Bavla, Ahmedabad, Gujarat. This facility produces mono and polycrystalline modules for domestic and international solar projects, including advanced PERC technology. Additionally, the company specialises in providing solar water pumping systems and offers comprehensive EPC services across India, ranging from small residential installations to large-scale solar power plants.
The company has a market cap of Rs 687 crore and shares have an ROE of 53 per cent and an ROCE of 40 per cent. The stock is up by 84.2 per cent from its 52-week low of Rs 342 per share. Investors should keep an eye on this solar pump stock.
Disclaimer: The article is for informational purposes only and not investment advice.