Solar water pump manufacturing company bags new order worth Rs 6,21,00,000 from Tripura Renewable Energy Development Agency (TREDA)
The stock is up by 95 per cent from its 52-week low of Rs 342 per share.
Sahaj Solar Limited has secured a significant contract from the Tripura Renewable Energy Development Agency (TREDA) to design, manufacture, install, and maintain off-grid solar photovoltaic water pumping systems (SPWPS) for farmers in Tripura. The project, valued at approximately Rs 6.21 crore, is part of the Ministry of New and Renewable Energy (MNRE) scheme and aims to provide sustainable irrigation solutions to the region.
Earlier, Sahaj Solar Limited received a Letter of Work Order from Jilla Parishad Nandurbar, Maharashtra, to design, manufacture, supply, transport, install, test, commission, and maintain solar dual drinking water pumps of 1 HP under the Jal Jivan Mission. This project, valued at approximately Rs 19.99 crore, is a testament to Sahaj Solar's growing presence in the renewable energy sector.
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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 700 crore and shares have an ROE of 53 per cent and an ROCE of 40 per cent. The stock is up by 95 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.