Debt-free solar company receives new order worth Rs 40,00,000 from HPCL Renewable and Green Energy Limited – EQ
In Short : A debt-free solar company has successfully obtained a new order worth ₹40,00,000 from HPCL Renewable and Green Energy Limited. This significant order highlights the company’s robust financial health and growing presence in the renewable energy sector, reinforcing its commitment to advancing sustainable energy solutions.
In Detail : Ahasolar Technologies Limited has secured a domestic consultancy contract valued at approximately Rs 40 lakh from HPCL Renewable and Green Energy Limited. The contract entails providing consultancy services for DFR Floating Solar projects at Nachana, HRRL Pachpadra, and Vizag Refinery, encompassing tender preparation and evaluation, project management consultancy, and site supervision. This sixteen-month project involves a comprehensive range of consultancy services to support the development of floating solar installations at the specified HPCL locations.
Earlier, Ahasolar Technologies Limited was awarded a consultancy contract valued at approximately Rs 45 lakh by Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH to plan and develop electric vehicle (EV) charging infrastructure and an online platform for the Gujarat Energy Development Agency (GEDA). This nine-month domestic project was commissioned by an international entity and involves the creation of a domestic EV charging infrastructure and online platform.
Ahasolar Technologies Limited is engaged in the business of cleantech enabling energy transition through digital transformation. The company has a market capitalization of over Rs 100 crore and is currently debt-free.
On Friday, shares of Ahasolar Technologies Ltd plunged 3.67 to Rs 335.55 per share from its previous closing of Rs 348.35. The stock’s 52-week high is Rs 657.75 and its 52-week low is Rs 203. The shares of the company saw a spurt in volume by more than 1.04 times on BSE. The stock is up by 65.3 per cent from its 52-week low of Rs 203 per share. Investors should keep an eye on this micro-cap stock.
