Solar & Wind EPC Company Bags New Order Worth Rs 4,49,17,898 From Adani Green Energy Limited

The shares of the company have a PE of 41x, an ROE of 100 per cent and an ROCE of 65 per cent.

Winsol Engineers Limited announced that it has secured a significant contract from Adani Green Energy Limited valued at approximately Rs 4,49,17,898. This domestic contract entails the engineering, manufacturing, testing, and supply of materials necessary for establishing a 400 kV D/C Transmission line PSS8 in Khavda, Kutch, Gujarat. The order is to be executed on a delivered-at-place (DAP) basis and is scheduled for completion by October 15, 2024. The specific terms and conditions of the contract, including payment terms, are outlined in the purchase order.

Earlier, Winsol Engineers Limited secured two additional contracts from Suzlon Global Services Limited. The first contract, valued at approximately Rs 14.63 crore, involves the erection, stringing, liaisoning, testing, and commissioning of a 220 kV EHV transmission line. The second contract, worth Rs 13.02 crore, entails the supply of materials required for the same project. These contracts follow an earlier work order received from Suzlon Global Services Limited for Rs 37.31 crores. All contracts are domestic and are subject to the terms and conditions outlined in the respective purchase orders.

About the Company

Winsol Engineers Limited, established in 2015, specializes in providing comprehensive engineering, procurement, construction, and commissioning services for Balance of Plant (BoP) solutions in the solar and wind power industries. Their focus lies in delivering essential components and services that ensure the smooth operation and efficiency of renewable energy facilities. Offering turnkey EPC solutions for renewable power companies, Winsol Engineers covers a wide range of BoP services, including foundation construction, substation civil and electrical work, right-of-way management, cabling to substation and grid, and various other crucial tasks.

The company has a market cap of Rs 360 crore. The shares of the company have a PE of 41x, an ROE of 100 per cent and an ROCE of 65 per cent. Investors should keep an eye on this stock.

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