Insolation Energy Limited’s shares surged 3% after the company secured two major contracts, further solidifying its leadership in the renewable energy sector. As of 9:18 AM, the shares were trading 3.11% higher at Rs 260.00.
The company has received a Letter of Award (LOA) from Rajasthan Renewable Energy Corporation Limited (RREC) for a rooftop solar project across government buildings in Jaipur, Dausa, and Churu. The contract, worth ₹340.20 crores, covers design, supply, erection, testing, commissioning, and 25-year maintenance under the Hybrid Annuity Mode.
Additionally, Insolation Energy has bagged a purchase order from Teerth Gopicon Limited for the supply of 46,297 MONO crystalline solar photovoltaic (SPV) modules, valued at ₹32 crores. The combined order value of ₹372.20 crores significantly boosts the company’s revenue pipeline.
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