There was a huge surge in the shares of this green energy company due to which investors got good profits, get complete information.

Surge in Shares of Insolation Energy Limited Benefits Investors

Shares of Insolation Energy Limited, a leading solar energy company in India, have surged over 10%, climbing from ₹3,318.20 to ₹3,654.50. This increase highlights the stock’s impressive performance, with a 52-week high of ₹3,979.85 and a low of ₹520.

Insolation Energy has gained considerable attention from investors, boasting a remarkable 130% return in the last six months and a staggering 550% return over the past year, making it a trending stock in the market.

New Contract with Rajasthan Renewable Energy Corporation

The company recently secured a significant contract with Rajasthan Renewable Energy Corporation Limited (RREC) for a 25-year operations and maintenance project valued at ₹500.50 crore. This deal involves the design and maintenance of 77 MW grid-connected rooftop solar projects across government buildings in Rajasthan, set to be completed within 18 months.

Previous Orders and Future Expansion

In addition to the RREC contract, Insolation’s subsidiary has secured orders for supplying solar PV modules worth over ₹200 crore. The company plans to expand its manufacturing capacity from 200 MW to 500 MW, reinforcing its position in the renewable energy sector.

Conclusion

Insolation Energy’s continual contract wins and expansion efforts underscore its pivotal role in India’s growing solar energy market, contributing significantly to the sector’s future development.