Multibagger Wind & Power EPC Company Secures Rs 27.65 Crore Order from Suzlon: Profits Surge from Rs 1 Crore to Rs 9 Crore in 2 Years!
The company’s shares have delivered an impressive multibagger return of over 365 per cent to its shareholders.
Winsol Engineers is a Small-Cap company that provides integrated engineering, procurement, construction, and commissioning (EPCC) services for Balance of Plant (BoP) solutions in both solar and wind power generation sectors. The company has received work and purchase orders from Suzlon Global Services Limited, outlined as follows:
Following the work order of approximately Rs 3.73 crore, which was announced on September 6, 2024, the company received an additional order valued at approximately Rs 14.63 crore (Rs 14,63,08,800) via email on September 10, 2024.
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This order is for the completion of ETC (erection, stringing, liaising, testing & commissioning) including HOTO work for a 220KV single circuit on the double circuit (ACSR ZEBRA) EHV transmission line (~tentative 40.8 km) from Jamjodhpur-II (Project: 220KV single circuit on double circuit Kalavad-Khandhera to Jamjodhpur Suzlon PSS line, Gujarat) as per GETCO and Suzlon specifications.
Additionally, the company has received a purchase order valued at approximately Rs 13.02 crore (Rs 13,02,07,656), dated September 5, 2024, and confirmed via email on September 10, 2024, for the supply of materials as per the agreed Bill of Quantities (BoQ) for the completion of the 220KV single circuit on double circuit (ACSR ZEBRA) EHV transmission line (~tentative 40.8 km) from Jamjodhpur-II (Project: 220KV single circuit on double circuit Kalavad SS-Khandhera to Jamjodhpur Suzlon PSS line, Gujarat), as per GETCO and Suzlon specifications and the requirements discussed during the order finalization.
On Wednesday, the shares of Winsol Engineers closed at around Rs 350 per share on the NSE. The company’s current market capitalization stands at Rs 403.73 crore. Additionally, the shares have delivered multibagger return of over 365 per cent compared to the final issue price of Rs 75 each.
Disclaimer: The article is for informational purposes only and not investment advice.