SG Mart shares rose 4% in morning trade after the company announced securing cumulative orders worth ₹266 crore (excluding GST) for the supply of solar module mounting structures. These orders mark SG Mart’s strategic entry into the renewable energy supply chain and reflect its growing footprint in the green energy ecosystem.
The contracts have been awarded by multiple independent power producers (IPPs) across India, all engaged in solar power generation. The company will supply critical mounting structures used in utility-scale and industrial solar projects. Deliveries are scheduled to be completed in FY2025-26, in line with the IPPs’ project timelines.
SG Mart clarified that none of the entities awarding these orders are related parties, nor do they involve any promoter or group company interest, ensuring the deals are conducted strictly on commercial terms and at arm’s length.
SG Mart shares opened at ₹396.10 and touched a high of ₹421.95 during today’s session, marking a strong move from the day’s low of ₹396.10. The stock continues to show resilience, trading well above its 52-week low of ₹290.00, though still below the 52-week high of ₹478.80.
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