Rs 327.45 crore order book: Solar pumps manufacturer bags new order worth Rs 8,99,13,600 from Hexatron Industries Ltd
The shares of the company have an ROE of 43 per cent and an ROCE of 40 per cent.
Ganesh Green Bharat Ltd has secured a contract worth Rs. 8,99,13,600 for supplying monocrystalline modules to locations in Tandaliya and Lathidad, Gujarat Solar Park from Hexatron Industries Ltd. This contract is inclusive of all duties and taxes.
Additionally, the company received a Work Order from the Additional Chief Engineer PHED REGION UDAIPUR for the installation of 70 solar energy-based bore well water pumping systems in various villages/towns of PHED Region Udaipur. The order is worth Rs 4,47,93,000 inclusive of all duties and taxes and includes designing, providing installation and commissioning of the systems. The Company will also provide comprehensive operation and maintenance for a period of seven years
Moreover, the company's order book for ongoing projects stood at Rs 31397.57 lakh as of March 31, 2024, as per its prospectus. Notably, the total order book for ongoing projects has now reached Rs 327.45 crore as of August 31, 2024.
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 over Rs 1,100 crore and as of August 31, the company’s order book stands at Rs 327.45 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 23 per cent from its 52-week low of Rs 361 per share. Investors should keep an eye on this solar pump manufacturing company’s stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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