Debt-free solar energy company bags new orders worth Rs 18,00,000 from Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH
The company has a market capitalisation of over Rs 100 crore and is currently debt-free.
On Wednesday, shares of Ahasolar Technologies Ltd gained 0.60 per cent to an intraday high of Rs 359.10 per share from its previous closing of Rs 357.05. The stock’s 52-week high is Rs 657.75 and its 52-week low is Rs 207.
Ahasolar Technologies Limited has been awarded a consultancy contract by Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH to conduct a feasibility study and develop an implementation model for solar panel-based energy supply at their four material recovery facilities. The contract, valued at approximately Rs 18 lakh, involves assessing the suitability of solar power for the facilities, designing an effective implementation plan, and considering all relevant factors such as technical requirements, economic viability and environmental benefits. The project is expected to be completed within six months.
Earlier, Ahasolar Technologies Limited secured two substantial consultancy contracts. The first, valued at Rs 56 lakh, was awarded by GIZ GmbH to prepare project reports for five lakes in Jammu and Kashmir. The second, worth Rs 31 lakh, was awarded by the Goa Energy Development Agency to provide PMC services for a 3MW solar PV project at Mormugao Port Authority. Additionally, Ahasolar secured a domestic contract from Hindustan Petroleum Corporation Limited to provide project management and site supervision for solar PV projects at their HINCOL and HPLNG locations. The project timeline for all three contracts is six months.
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Ahasolar Technologies Limited is engaged in the business of cleantech enabling energy transition through digital transformation. The company has a market capitalisation of over Rs 100 crore and is currently debt-free. The stock is up by 74 per cent from its 52-week low of Rs 207 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.