Despite a downturn in the broader markets, shares of AHA Solar witnessed a remarkable surge, hitting the upper circuit with a 9.99% gain on February 8.
The surge comes on the heels of an announcement made by the company regarding its latest achievement. AHA Solar disclosed winning a significant Rs 35-crore order from the Jammu & Kashmir Energy Development Agency. The awarded contract entails providing consultancy services for the implementation of Solar Power and other Renewable Energy projects/schemes in the Jammu & Kashmir Union Territory over a five-year period.
This recent contract adds to AHA Solar’s growing list of achievements. Over the past four months, the company has secured orders from various entities, including Hindustan Petroleum for project consultancy and site supervision services, Gujarat Energy Development Agency for the development and maintenance of a renewable energy portal, and the National Solar Energy Federation of India, New Delhi, for conducting a solar rooftop awareness campaign in Lucknow.
Amidst the flurry of positive developments, investors showed confidence in AHA Solar’s prospects, propelling its shares to the upper circuit.
