Upper Circuit Alert & Rs 1,173.56 Crore Order Book: Solar Company Secures Rs 620,64,28,359 Order from Zetwerk Manufacturing Businesses Pvt Ltd
The stock is up by 68 per cent from its 52-week low of Rs 282.20 per share.
Ganesh Green Bharat Ltd. has announced a significant revision to its work order from Zetwerk Manufacturing Businesses Private Limited – Ahmedabad, Gujarat. This order, for the supply of Solar PV Panel Modules for a 378.75 MW project, has been increased to Rs 6,20,64,28,359 (Rupees Six Hundred Twenty Crore Sixty Four Lakh Twenty Eight Thousand Three Hundred And Fifty Nine), inclusive of all duties and taxes. This represents an increase from the previously announced Rs 5,79,03,26,942. With this revision, Ganesh Green Bharat Ltd.'s total order book for ongoing projects now stands at approximately Rs 1,173.56 crore.
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.
On Wednesday, shares of Ganesh Green Bharat Ltd hit a 5 per cent upper circuit to Rs 474.60 per share from its previous closing of Rs 452 per share. The company has a market cap of Rs 1,177 crore and including the above orders, its order book stands at Rs 1,173.56 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 68 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.