Teerth Gopicon Limited (TGL) saw its stock hit the 5% upper circuit after the company announced a major milestone – securing its first government solar project.
TGL has been awarded a ₹236.81 crore order from the Rajasthan Renewable Energy Corporation (RREC) for rooftop solar photovoltaic projects. This significant deal includes design, supply, erection, testing, commissioning, and 25-year operation and maintenance (O&M) for state government buildings and undertakings in Rajasthan.
The project, awarded under the Hybrid Annuity Mode (HAM) for the Jaisalmer Circle, will be executed over the next 12 months. This marks a strategic entry for TGL into the renewable energy sector, particularly within government solar projects, positioning the company for growth in the expanding green energy market.
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