Rs 1,300 crore order book: Multibagger solar stock in green after receiving an order from Jaipur Vidyut Vitaran Nigam Ltd
The stock gave multibagger returns of 237 per cent from its 52-week low of Rs 123 per share.
On Monday, shares of Teerth Gopicon Limited gained 3.23 per cent to Rs 415 per share from its previous closing of Rs 401.90 per share. The stock’s 52-week high is Rs 774 per share and its 52-week low is Rs 123 per share.
Teerth Gopicon Limited (TGL) has received a Letter of Intent from Jaipur Vidyut Vitaran Nigam Limited (JVVNL) for the design, survey, supply, installation, testing, commissioning, operation, and maintenance (for 25 years from the Commercial Operation Date - COD) of 39.40 MW of grid-connected solar power plants through the RESCO mode. This project, awarded under component A of the PM-KUSUM Scheme, also includes the associated 11 kV line to connect the plants to various 33/11 kV sub-stations and a remote monitoring system (RMS). The project is to be executed within nine months from the issuance of the work order, with operation and maintenance continuing for 25 years from the COD.
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Earlier, the company secured two significant solar power project contracts. The first, from SJVN Limited, involves developing 5830 kW of rooftop solar capacity across government buildings in seven states under the PM Surya Ghar: Muft Bijli Yojna, with a 6-month completion timeline. The second, from NHPC Limited, is for rooftop solar projects in Uttar Pradesh and Uttarakhand, valued at Rs 2,98,84,658, also under the PM Surya Ghar scheme. This project has a 9-month EPC phase and a 5-year O&M period.
Teerth Gopicon Ltd., established in 2019, is a certified all-class civil and electrical contractor specializing in engineering construction and development. The company primarily focuses on infrastructure projects, particularly roads, sewerage and water distribution systems, in Madhya Pradesh, with a growing presence in other states. TGL has a strong track record of executing projects for both government and private sector clients, offering comprehensive EPC services including detailed engineering, procurement, construction and operation & maintenance.
The company has a market cap of Rs 487 crore and including the above order the company’s order book exceeds over Rs 1,300 crore. The stock gave multibagger returns of 237 per cent from its 52-week low of Rs 123 per share. Investors should keep an eye on this SME stock.
Disclaimer: The article is for informational purposes only and not investment advice.