Lower Circuit to Upper Circuit: Solar Company Bags New Order Worth Rs 29,50,000 From North Eastern Electric Power Corporation Ltd
The stock is up by 10.52 per cent from its 52-week low of Rs 132.10 per share.
On Monday, shares of AHAsolar Technologies Limited hit a 5 per cent upper circuit to Rs 146 per share from its previous closing of Rs 139.05 per share. The stock’s 52-week high is Rs 657.75 per share and its 52-week low is Rs 132.10 per share. The shares of the company saw a spurt in volume by more than 2 times. Till 10:53 am stock was at a lower circuit value of Rs 132.10 per share.
Ahasolar Technologies Limited has secured a consultancy contract worth approximately Rs 29,50,000 from the North Eastern Electric Power Corporation Limited. This contract entails the preparation of Preliminary Feasibility Reports (PFRs) and Detailed Project Reports (DPRs) for the development of floating solar photovoltaic projects on various dam reservoirs across Meghalaya, Mizoram, and Uttar Pradesh. The project is expected to be completed within a timeframe of four months.
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About the Company
Ahasolar Technologies Ltd., incorporated in 2017 and recognized by DPIIT as a CleanTech startup, provides digital solutions and advisory services in the renewable energy sector. The company offers SaaS products, including an AI-based intelligent Solar Digital Platform, to streamline processes for solar companies, governments, and other stakeholders. These products facilitate PV design, project management, generation monitoring and include an integrated digital marketplace for solar products.
Ahasolar's business model is SaaS-based, generating revenue through online subscriptions and transaction margins within its marketplace. The company also secures contracts from public and private sector entities for advisory services related to renewable energy adoption at distributed and utility-scale projects, encompassing roadmap preparation and development of solar power plants. The company has a market capitalisation of over Rs 45 crore. The stock is up by 10.52 per cent from its 52-week low of Rs 132.10 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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