Shares of Gujarat Inject Kerala Ltd gained nearly 5% after the company announced a new order from Deon Energy Ltd for the supply of solar photovoltaic modules.
The company has received a purchase order worth ₹14.49 crore, excluding GST, for the supply of 16,129 units of 620Wp solar PV modules.
Order details
According to an exchange filing, the contract involves arranging and supplying the modules at the required project sites.
Key details include:
- Customer: Deon Energy Ltd
- Order value: ₹14.49 crore (excluding GST)
- Product: 620Wp Solar PV modules
- Quantity: 16,129 units
- Execution timeline: Within June 2026
The order has been awarded by a domestic entity.
The company also clarified that:
- The transaction does not qualify as a related-party transaction.
- Promoters and promoter group entities have no interest in the awarding company.
Order adds to renewable energy business
The latest contract is expected to strengthen the company’s order book and expand its presence in the renewable energy segment.
Demand for solar modules has remained strong amid rising investments in:
- Utility-scale solar projects.
- Commercial installations.
- Industrial projects.
India’s renewable energy sector has continued to benefit from government initiatives aimed at expanding clean energy capacity and reducing dependence on conventional fuels.
Stock rises after order announcement
Gujarat Inject Kerala has a market capitalization of around ₹175.79 crore.
The stock was trading at ₹120, up 4.62% during the session.
Recent stock performance:
- Up 2.56% over the last five trading sessions.
- Gained 10.04% over the past month.
- 52-week high: ₹125.50
- 52-week low: ₹19.01
About the company
Gujarat Inject Kerala was initially incorporated as a pharmaceutical manufacturer.
Over the years, the company has diversified its operations.
Its businesses currently include:
- Trading of textile fabrics.
- Consumer goods.
- Renewable energy activities, including solar module supply.
The latest order from Deon Energy marks another step in the company’s expansion into the renewable energy space.
TL;DR
Gujarat Inject Kerala shares rose nearly 5% after the company secured a ₹14.49 crore order from Deon Energy for the supply of 16,129 solar PV modules. The contract is scheduled to be executed within June 2026.
AI Summary
- Gujarat Inject Kerala secured a ₹14.49 crore order from Deon Energy.
- The contract involves supplying 16,129 solar PV modules.
- Execution is expected within June 2026.
- The stock rose nearly 5% following the announcement.
- The order strengthens the company’s renewable energy presence.
