Shares of Raminfo Ltd hit the 20% upper circuit on Tuesday, rising ₹15.44 to trade at ₹92.66 on the BSE, after the company announced a major order win in the green energy space. The stock, which opened at ₹76.80, hit an intraday high of ₹92.66, locking in gains of 19.99% with a market capitalization of ₹698.88 crore.
In a regulatory filing, Raminfo stated that it has secured a ₹474 crore order from the Rajasthan Renewable Energy Corporation Limited (RRECL) to install and maintain 73 MW rooftop solar photovoltaic (RTS) projects on government buildings. The contract will be executed under the Hybrid Annuity Mode by its subsidiary, Raminfo Green Energy Private Limited, with Raminfo holding a 51% stake in the project.
The development marks Raminfo’s significant expansion into India’s rooftop solar segment, which is projected to reach USD 4.46 billion by 2033. The project includes 25 years of comprehensive O&M services, in addition to design, supply, testing, and commissioning.
At current levels, Raminfo shares have gained over 49% from their 52-week low of ₹62, but remain below the 52-week high of ₹142.90.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
