Solar Penny Stock Under Rs 30 In Focus As Company Bags New Order Worth Rs 4,71,24,414 From Power Grid Corporation of India Ltd
The stock is up by 31.3 per cent from its 52-week low of Rs 32 per share.
Agni Green Power Ltd has secured a domestic work order from Power Grid Corporation of India Limited for the "Design, Supply, Installation, Commissioning and Maintenance of Grid Connected Roof Top Solar Power Plant at NIT Durgapur, West Bengal." The total contract value for this 1 MW project is Rs 4,71,24,414 (Four Crore Seventy One Lakhs Twenty-Four Thousand Four Hundred and Fourteen Only), inclusive of all duties and taxes, and is to be executed within four months from the date of the order.
Earlier, the company had received a work order from the Zoram Energy Development Agency (ZEDA), Mizoram, for the conversion of existing off-grid solar power plants in government buildings to on-grid systems across various locations in Mizoram. This project, with an aggregate capacity of 887 kWp, is valued at a total contract price of Rs 1,52,29,009.00.
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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 over Rs 70 crore. According to half-yearly results, the net sales increased by 13.32 per cent to Rs 16.16 crore and net profit increased by 25 per cent to Rs 0.15 crore in H1FY25 compared to H1FY24. 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 31.3 per cent from its 52-week low of Rs 32 per share.
Disclaimer: The article is for informational purposes only and not investment advice.