Rs 1,300 crore order book: Multibagger solar stock hit upper circuit after bagging new order worth Rs 2,98,84,658 from NHPC Ltd

The stock gave multibagger returns of 290 per cent from its 52-week low of Rs 123 per share.

On Thursday, shares of Teerth Gopicon Limited hit a 5 per cent upper circuit to Rs 479.55 per share from its previous closing of Rs 456.75 per share. The stock’s 52-week high is Rs 774 per share and its 52-week low is Rs 123 per share.

Teerth Gopicon Limited (TGL) has secured a significant contract from NHPC Limited for the development of rooftop solar power projects. TGL won the bid for "Development of Rooftop Solar Power Projects on Buildings of NHPC Limited at various locations (ZONE- 3: UP/Uttarakhand Power Stations/offices) under PM Surya Ghar: Muft Bijli Yojna," and has received the Letter of Award (LOA). This domestic project, valued at Rs 2,98,84,658, involves developing the projects according to NHPC's tender specifications. The EPC portion of the contract is to be executed within 9 months, followed by a 5-year comprehensive operation and maintenance (O&M) period. This win underscores TGL's commitment to expanding its renewable energy portfolio and contributing to India's sustainable energy goals.

Earlier, the company secured a Letter of Award (LOA) from SJVN Limited for the implementation of approximately 5705 kWp of grid-connected rooftop solar power plants on government buildings across NCT of Delhi, Uttar Pradesh, Madhya Pradesh, Haryana, Gujarat, and Maharashtra. This project, awarded through a domestic competitive bidding process under the PM Surya Ghar: Muft Bijli Yojna, involves the development of 5830 kW of solar rooftop capacity across multiple states. TGL will execute the project as per the terms and conditions outlined in the tender document issued by SJVN Limited, with a completion timeline of 6 months from the effective date of the Power Purchase Agreement (PPA).

Teerth Gopicon Ltd., established in 2019, is a certified all-class civil and electrical contractor specializing in engineering construction and development. The company primarily focuses on infrastructure projects, particularly roads, sewerage and water distribution systems, in Madhya Pradesh, with a growing presence in other states. TGL has a strong track record of executing projects for both government and private sector clients, offering comprehensive EPC services including detailed engineering, procurement, construction and operation & maintenance.

The company has a market cap of Rs 571 crore and including the above order the company’s order book exceeds over Rs 1,300 crore. The stock gave multibagger returns of 290 per cent from its 52-week low of Rs 123 per share. Investors should keep an eye on this SME stock.

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