Rs 1,200.08 crore order book: Solar pumps company received Rs 2,23,96,500 order from the Additional Chief Engineer, PHED Region Udaipur
The stock is up by 86 per cent from its 52-week low of Rs 282.20 per share.
Ganesh Green Bharat Ltd received an order worth Rs 2,23,96,500 (inclusive of duties and taxes) from the Additional Chief Engineer, PHED Region Udaipur. This domestic order is for the designing, provision, installation, and commissioning of 35 solar energy-based borewell water pumping systems, including comprehensive operation and maintenance for seven years, across various villages and towns in the PHED Region Udaipur as part of the Solar Pangat Yojana. The specific terms for execution are as per the order.
Earlier, the company secured a work order/purchase order from Ram Taranga Solutions Private Limited. This domestic contract is for the supply of 16.30 MW Solar PV Modules, valued at Rs. 24,28,07,779 (inclusive of all duties and taxes). The modules are to be supplied to a location in Bangalore, Karnataka, with an execution deadline of July 18, 2025.
About the Company
Founded in 2016, Ganesh Green Bharat Ltd has rapidly evolved from a simple electrical contracting firm into a diversified energy and water solutions provider. With a strong focus on sustainability, the company has expanded its operations to include renewable energy generation, particularly solar power and water supply schemes.
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The company's solar energy expertise extends from residential home lights to large-scale solar power plants. As a channel partner with the Ministry of New and Renewable Energy (MNRE), Ganesh Green Bharat has successfully executed numerous solar projects across India, including a significant project involving 16,486 solar home lighting systems in Rajasthan. In addition to its solar energy ventures, the company has also ventured into the water supply sector, offering comprehensive solutions for rural communities, including the design, construction and commissioning of piped water supply systems.
The company has a market cap of Rs 1,253 crore and including the above orders, its order book stands at Rs 1,200.08 crore. The shares of the company have an ROE of 23 per cent and an ROCE of 25 per cent. The stock is up by 86 per cent from its 52-week low of Rs 282.20 per share.
Disclaimer: The article is for informational purposes only and not investment advice.