Debt-free solar company bags new order worth Rs 60,00,000 from Hindustan Petroleum Corporation Ltd

The stock is up by 80 per cent from its 52-week low of Rs 207 per share.

Ahasolar Technologies Limited has been awarded a domestic consultancy contract by Hindustan Petroleum Corporation Limited (HPCL) to provide project management and site supervision services for solar photovoltaic (PV) projects at HPCL's HINCOL and HPLNG locations. The contract, with an approximate value of Rs 60 lakh, mandates Ahasolar to oversee all project phases, from inception to completion, at the two HPCL sites. The project timeline is six months, within which Ahasolar must successfully execute the consultancy services as outlined in the contract's terms and conditions.

On Wednesday, shares of Ahasolar Technologies Ltd plunged 1.05 per cent to Rs 372 per share from its previous closing of Rs 375.95 with an intraday high of Rs 388.25 and an intraday low of Rs 370. The stock’s 52-week high is Rs 657.75 and its 52-week low is Rs 207. The company boasts a strong three-year track record of 35.2 per cent return on equity and has significantly improved its debtor days from 35.6 to 24.5.

Ahasolar Technologies Limited is engaged in the business of cleantech enabling energy transition through digital transformation. The company has a market capitalisation of Rs 114.66 crore and is currently debt-free. The stock is up by 80 per cent from its 52-week low of Rs 207 per share. Investors should keep an eye on this micro-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice. 

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