Insolation Energy Limited receives orders worth Rs. 340.20 crores

Insolation Energy Limited have been awarded Letter of Award (LOA) by Rajasthan Renewable Energy Corporation Limited (RREC) for design, Supply, Erection, Testing and commissioning including comprehensive Operation and Maintenance for 25 years from the date of commissioning of Roof Top Solar on State Government Buildings/ State Government undertakings building in Rajasthan under Hybrid Annuity Mode in three districts of Rajasthan Namely Jaipur, Dausa and Churu for aggregate sales consideration of Rs. 340.20 Crores.

The company have been awarded a purchase order by Teerth Gopicon Limited for supply of 46297 Solar Photovoltaic (SPV) MONO Crystalline Module aggregating to Rs. 32 Crores.

The combined addition in the revenue of the company from these two sales orders will be Rs. 372.20 Crores.

Our continued success is the direct result of the collective efforts of our exceptional teams across production, sales, and marketing. Their dedication, expertise, and relentless pursuit of excellence have been instrumental in driving Insolation Energy to new heights. This achievement also underscores our commitment to enhancing operational efficiency, optimizing working capital, and strategically broadening our customer base.

Source : Equity Bulls

Keywords

InsolationEnergy OrderWin LOA RREC TeerthGopicon