There was a huge rise in the shares of Rudra Gas Enterprise Limited after getting the new order, you can also get good profits.

Surge in Shares of Rudra Gas Enterprise Following New Solar PV Module Order

On Monday, shares of Rudra Gas Enterprise Limited soared to the upper circuit limit of 5%, rising from ₹167.15 to ₹175.50 per share. The stock’s impressive performance comes after the company secured a significant work order, with a trading volume that increased more than threefold on the Bombay Stock Exchange (BSE).

Details of the New Order

The company has been awarded an urgent work order from Rajasthan Akshay Urja Nigam Limited to design, supply, install, and maintain rooftop solar photovoltaic systems for state government buildings in the Churu and Bikaner districts. The project, valued at ₹191.75 crore, signifies the company’s expanding footprint in the renewable energy sector.

About Rudra Gas Enterprise Limited

Rudra Gas specializes in city gas distribution, fiber optic networks, and equipment rental services. The firm is increasingly focusing on renewable energy, particularly rooftop solar power generation, establishing itself as a key player in the sector.

Financial Performance Overview

The company’s market capitalization stands at ₹146 crore, with a return on equity (ROE) of 28% and a return on capital employed (ROCE) of 22%. Having increased by 46.6% from its 52-week low, Rudra Gas is emerging as an attractive investment in the solar and renewable energy markets.