Solar Stock Hit Lower Circuit: Company Bags Order Worth Rs 65,52,00,000 From Synergy Wave System LLP

The company has a market cap of over Rs 400 crore and the stock is up by 65 per cent from its 52-week low of Rs 212.20 per share.

On Tuesday, shares of GP Eco Solutions India Ltd hit a 10 per cent lower circuit to Rs 349.35 per share from its previous closing of Rs 388.15 per share. The stock’s 52-week high is Rs 470 per share and its 52-week low is Rs 212.20 per share.

GP Eco Solutions India Limited has received a Letter of Intent (LOI) from Synergy Wave System LLP for the execution of EPC work involving the design, survey, supply, installation, testing, and commissioning of grid-connected solar power plants under the KUSUM Scheme – Component C (Feeder Level Solarization) in the Bareilly District of Uttar Pradesh. The awarded project encompasses four plants with the following details: Sr. No. 1 has a Plant Capacity AC of 2.4 MW and a Plant Capacity DC of 3.12 MW for BHAMORA at an Approved Rate of Rs 4,00,00,000 per MW DC, resulting in a Total Plant Cost of Rs 12,48,00,000; Sr. No. 2 has a Plant Capacity AC of 2.5 MW and a Plant Capacity DC of 3.25 MW for FATEHGANJ at an Approved Rate of Rs 4,00,00,000 per MW DC, leading to a Total Plant Cost of Rs 13,00,00,000; Sr. No. 3 has a Plant Capacity AC of 3.8 MW and a Plant Capacity DC of 4.94 MW for AONLA at an Approved Rate of Rs 4,00,00,000 per MW DC, culminating in a Total Plant Cost of Rs 19,76,00,000; and Sr. No. 4 has a Plant Capacity AC of 3.9 MW and a Plant Capacity DC of 5.07 MW for PUNNAPUR at an Approved Rate of Rs 4,00,00,000 per MW DC, with a Total Plant Cost of Rs 20,28,00,000, bringing the grand total to Rs 65,52,00,000.

GP Eco Solutions India Ltd (GPESL), incorporated in 2010, is an ISO 9001:2015 certified company engaged in the manufacturing and trading of solar plants/panels, electronic equipment, and solar equipment. As an authorised distributor, GPESL partners with major players like Sungrow India (for inverters) and Saatvik Green Energy and LONGi Solar (for panels) in North India. While also providing integrated solar energy solutions, including engineering, procurement, and construction (EPC) services, their primary business focus is the distribution of solar inverters and panels. GPESL also owns the "INVERGY" brand, under which they OEM manufacture hybrid solar inverters and lithium ferro phosphate (LFP) batteries.

The company has a market cap of over Rs 400 crore and the stock is up by 65 per cent from its 52-week low of Rs 212.20 per share.

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