60% returns from 52-week low: Solar pumps manufacturer bags Rs 57,34,00,000 order from Maharashtra State Electricity Distribution Co. Ltd

DSIJ Intelligence-1 / 14 Aug 2025/ Categories: Mindshare, Trending

The company has a market cap of over Rs 500 crore and as of March 31, 2025, it has an order book of Rs 304 crore.

Sahaj Solar Limited has received a Letter of Empanelment and Rate Contract from Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL) for a domestic project worth Rs 57.34 Crores (inclusive of GST). Under the "Magel Tyala Saur Krushi Pump" Yojana / PM KUSUM B Scheme, the company will be responsible for the design, manufacture, supply, transport, installation, testing, and commissioning of 2,185 Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) of 3 HP, 5 HP, and 7.5 HP capacities at identified farmer sites across Maharashtra. The contract, valid for one year, also includes a complete system warranty, repair and maintenance, and a Remote Monitoring System (RMS) for five years.

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Sahaj Solar, a 2010-founded renewable energy company, manufactures solar PV modules in its 100 MW Gujarat plant. Offering mono, polycrystalline and advanced PERC modules, the company caters to domestic and international markets. Beyond manufacturing, Sahaj Solar provides solar water pumping systems and comprehensive EPC services for residential to large-scale solar projects. Expanding its global reach, Sahaj Solar has incorporated a subsidiary in Uganda to harness solar energy for various consumers. The company is also actively involved in projects like BSF solar power plants and potential partnerships for solar module production. This dual focus on project execution and domestic manufacturing positions Sahaj Solar as a key player in the solar energy sector.

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Sahaj Solar Limited has announced exceptional financial performance for the first quarter ending June 30, 2025, a testament to its robust fundamentals, strategic growth initiatives and operational efficiency. The company reported standalone revenue from operations of Rs 5,102.03 lakh for the quarter, marking a healthy increase compared to Rs 4,869.28 lakh in the corresponding period of Fiscal Year 2024-25.

The company has a market cap of over Rs 500 crore and as of March 31, 2025, it has an order book of Rs 304 crore. The shares of the company have an ROE of 38 per cent & an ROCE of 32 per cent. The stock is up over 60 per cent from its 52-week low of Rs 150 per share.

Disclaimer: The article is for informational purposes only and not investment advice.