Rs 394.26 crore order book: Solar Street Light & PV Panel Company Bags New Orders Worth Rs 40,25,87,412 From BREDA & Matgrow Renewable

The stock is up by 32.60 per cent from its 52-week low of Rs 327.40 per share.

Ganesh Green Bharat Ltd has secured new orders worth Rs. 40,25,87,412 from BREDA and Matgrow Renewable. The first order, valued at Rs 14,99,68,500, is for the installation of 4917 Smart Solar Street Lights in Katihar district, Bihar, under the 'Mukhyamantri Gramin Solar Street Light Yojana.' The second order, worth Rs 25,26,18,912, is for the supply of 15.03 MW Monocrystalline Non-DCR Modules Solar PV modules to Matgrow Renewables Private Limited in Ahmedabad, Gujarat. These orders highlight Ganesh Green Bharat Ltd's commitment to renewable energy solutions and its growing presence in the solar energy sector.

Earlier, the company secured a significant contract from the Bihar Renewable Energy Development Agency (BREDA) to install 4400 and 5460 solar street lights in East Champaran and Sitamarhi districts, respectively. This project, valued at Rs 30,07,30,000, involves the design, supply, installation, testing, commissioning, and maintenance of Smart Solar Street Light Systems. The company will be responsible for the installation of solar panels, batteries, controllers, and LED lights, as well as their maintenance for five years.

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 Rs 1,076 crore and including the above orders its order book stands at Rs 394.26 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 32.60 per cent from its 52-week low of Rs 327.40 per share. Investors should keep an eye on this solar stock.

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