Rs 33,245.85 lakh order book: Solar PV power company bags new order worth Rs 5,01,21,147.84 from Western Railway
The shares of the company have an ROE of 43 per cent and an ROCE of 40 per cent.
Ganesh Green Bharat Limited announced that it has secured a Letter of Acceptance/Work Order from Mumbai Central Division-Electrical, Western Railway, for the design, supply, erection, testing and commissioning of 853 KWP (ON GRID) & 145 KWP (HYBRID) grid-connected ON GRID & HYBRID rooftop Solar PV power supply systems and 14500 per unit for Supply, erection, testing, and commissioning of batteries of nominal Voltage 12V DC, valued at Rs 5,01,21,147.84 inclusive of all duties and taxes. This project will be executed across various Mumbai Central Division locations.
Furthermore, the company's order book for ongoing projects stands at Rs 33,245.85 lakh as of today, August 29, 2024, reflecting a substantial increase from the Rs 31,397.57 lakhs reported in the company's prospectus as of March 31, 2024. This significant growth in the order book is a testament to the company's strong market position and its ability to secure large-scale projects.
Earlier, the company won a contract worth Rs 8,99,13,600 from Hexatron Industries Ltd to supply monocrystalline modules to Tandaliya and Lathidad, Gujarat Solar Park. Furthermore, the company has 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. Valued at Rs 4,47,93,000, this order includes designing, providing installation and commissioning of the systems. The company will also offer comprehensive operation and maintenance services for a period of seven years.
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About the Company
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.
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 25 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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