Insolation Energy has seen its stock soar by over 9% following a significant contract awarded by the Rajasthan Renewable Energy Corporation (RREC), valued at ₹500.50 crore.
This landmark agreement involves the design, supply, erection, testing, and commissioning of rooftop solar (RTS) photovoltaic projects across various state government buildings in key cities like Ajmer, Jaipur and Kota.
The project is a vital step towards enhancing renewable energy infrastructure in Rajasthan, contributing to the state’s sustainability goals. Additionally, the agreement includes a comprehensive 25-year operation and maintenance contract, worth ₹140.37 crore, raising the total project value to an impressive ₹640.87 crore.
As of 12:28 pm, Insolation Energy shares were trading 6.99% higher at Rs 3,550.00 on the NSE.
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