Shares of Insolation Energy Limited have surged 9% over the past two days following the announcement of multiple high-value purchase orders worth over ₹1,000 crore. As of 9:41 AM, the shares were trading 6.49% higher at Rs 273.15.
Today, Insolation Energy revealed that it had secured purchase orders worth ₹733.04 crore from KPI Green Energy Limited for the supply of Solar PV Module N Type BI Facial (G to G) for upcoming solar projects under GUVNL. These orders include ₹513.13 crore for KPI Green Energy’s GUVNL project and ₹219.91 crore for its GUVNL Phase-2 project, with deliveries scheduled between June 2025 and March 2026.
This milestone comes on the heels of another major achievement. A day earlier, the company announced a ₹372.20 crore Letter of Award (LOA) from Rajasthan Renewable Energy Corporation Limited and Teerth Gopicon Limited. The contract includes the design, supply, erection, testing, commissioning, and operation of rooftop solar projects on government buildings in Jaipur, Dausa, and Churu under a 25-year Hybrid Annuity Model.
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