Solar PV grid-connected company bags new order worth Rs 32,63,00,000 from Wincyril Enterprises Limited, Zambia

The stock is up by 92 per cent from its 52-week low of Rs 342 per share. Investors

Sahaj Solar Limited has secured a significant EPC contract worth USD 3.9 million (approximately Rs 32.63 crore) with Wincyril Enterprises Limited, Zambia, a leading independent power producer. This contract entails the construction of up to 60 solar PV grid-connected micro-power plants, each with a capacity of 5 MWAC, across various locations in Zambia. The project is part of a tariff-based competitive bidding process initiated by ZESCO Limited, Zambia's state-owned power company. Sahaj Solar Limited is expected to complete the project by March 2026, contributing to Zambia's renewable energy goals and strengthening its energy infrastructure.

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. In another development, Sahaj Solar Limited 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.

About the Company

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 696 crore and shares have an ROE of 53 per cent and an ROCE of 40 per cent. The stock is up by 92 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.