Solar penny stock under Rs 30 bags new order worth Rs 1,19,92,200 from West Bengal Renewable Energy Development Agency

Solar penny stock under Rs 30 bags new order worth Rs 1,19,92,200 from West Bengal Renewable Energy Development Agency

DSIJ Intelligence-1
/ Categories: Trending, Penny Stocks

The stock is up by 33 per cent from its 52-week low of Rs 32 per share.

Agni Green Power Ltd. has received a significant Letter of Award (LoA) from the West Bengal Renewable Energy Development Agency (WBREDA) for a domestic contract valued at Rs 1,19,92,200. This project involves the comprehensive design, engineering, manufacturing, procurement, testing, supply, installation, and commissioning of seven rooftop grid-connected solar power plants with a cumulative capacity of 300 kWp. These plants will be set up on various government buildings and establishments across different districts of West Bengal, with a stipulated completion period of 120 days.

Earlier, the company had received a significant work order from Selco Foundation Karnataka for the supply, installation, commissioning, and comprehensive maintenance of Solar Photovoltaic (SPV) off-grid systems. This domestic contract, valued at Rs 2,25,50,523 (inclusive of all duties and taxes), will see the implementation of these systems across 87 health centres in Mizoram during the 2025-2026 fiscal year, with a projected completion timeframe of one year.

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Incorporated in 1995, Agni Green Power Limited is engaged in the business of executing turn-key solar PV power plant projects. The company has two lines of business, including solar power plant designing, engineering, supply, procurement, construction, installation and commissioning (I&C), maintenance services, manufacturing and assembling of solar lighting systems, and other solar products.

Talking about the financials, Agni Green Power has a market cap of Rs 46 crore. According to half-yearly results, the net sales increased by 19 per cent to Rs 24.93 crore and net profit increased by 74 per cent to Rs 0.47 crore in H2FY25 compared to H2FY24. As of March 2025, the promoters own a 70.57 per cent stake in the company, DIIs own 0.01 per cent stake and the rest 29.42 per cent stake is owned by the general public.

The stock’s 52-week high is Rs 65.80 per share and its 52-week low is Rs 17.9 per share. The stock is up by 33 per cent from its 52-week low of Rs 32 per share.

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

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