From SME to Main Board: Solar power stock jumps after announcing major business updates!
DSIJ Intelligence-1 / 09 Dec 2025/ Categories: Multibaggers, Trending
The stock is up by 20 per cent from its 52-week low of Rs 139.90 per share and has given multibagger returns of over 1,000 per cent in 3 years.
Insolation Energy Limited (INA Solar) has provided a significant business update, highlighted by its successful application for migration from the SME Platform to the Main Board of BSE Limited on December 3, 2025. Furthermore, the company's manufacturing expansion through its wholly-owned subsidiary, Insolation Green Energy Private Limited, is rapidly progressing. The new 3 GW PV Module manufacturing lines in Sawarda, Jaipur, have commenced commercial operations, with the remaining 1.5 GW expected to be operational by January 2026. The company also secured BIS certification for its G12R panels (up to 635WP) and is anticipating ALMM approval soon. This operational success is backed by a robust current Order Book of 1750 MW for Solar Module supply and 625 MW for EPC projects, totalling 2,375 MW.
The company is simultaneously accelerating the development of its integrated manufacturing complex in Narmadapuram, Madhya Pradesh. For the massive 4.5 GW Solar TopCon G12R Cell Manufacturing project, civil and PEB Construction is underway, major plant equipment orders have been placed, and utility design packages are being finalised. Similarly, the 18,000 MT Aluminium Frame Manufacturing plant has begun civil and PEB construction, with foundations being laid and major machinery orders placed. These parallel developments underscore INA Solar's commitment to significantly expanding its capacity across the entire solar manufacturing value chain, keeping the project timelines on track.
About the Company
Incorporated in 2015, Insolation Energy Ltd specialises in manufacturing high-efficiency solar panels and modules, operating a 200 MW SPV Module manufacturing unit in Jaipur, which spans over 60,000 sq. ft. and is equipped with advanced machinery. Notably, the company holds the position of the second-largest North Indian manufacturer of solar panels, batteries, and inverters, based in Jaipur, Rajasthan.
On Tuesday, shares of Insolation Energy Ltd gained 13.5 per cent to Rs 139.90 per share from its previous closing of Rs 123.30 per share. The shares of the company have a 52-week high of Rs 404.70 per share and a 52-week low of Rs 116.25 per share. The stock is up by 20 per cent from its 52-week low of Rs 139.90 per share and has given multibagger returns of over 1,000 per cent in 3 years.
Disclaimer: The article is for informational purposes only and not investment advice.