Solar Company Bags New Order Worth Rs 3,35,71,000 From Hermes Technologies Private Limited

The stock is up by 8.3 per cent from its 52-week low of Rs 112.25 per share.

Trom Industries Limited has secured a new domestic purchase order from Hermes Technologies Private Limited for the supply, installation, testing, and commissioning of a 1 MW grid-connected ground-mounted solar PV plant. The total order value for this project is Rs 3,35,71,000, including GST. Trom Industries expects to complete the supply portion of this significant green energy initiative within the current year.

About the Company

Trom Industries Limited, established in 2011, is a prominent solar EPC company in India. Specialising in a diverse range of solar solutions, they cater to both residential and commercial sectors. Their expertise extends to residential rooftop installations, large-scale industrial solar power plants, ground-mounted solar power plants, and energy-efficient solar street lighting systems. Additionally, they offer a comprehensive product portfolio encompassing solar products like solar streetlights, solar freezers, and solar water purifiers, as well as energy-efficient AC LED lighting solutions.

The company reported net sales of Rs 47.08 crore and net profit of Rs 0.48 crore in H2FY25 while in its annual results (FY25), the company reported net sales of Rs 93.32 crore and net profit of Rs 4.61 crore. The company has a market cap of Rs 110 crore with an ROE of 16 per cent and an ROCE of 19 per cent. The stock is up by 8.3 per cent from its 52-week low of Rs 112.25 per share.

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