Multibagger solar penny stock under Rs 50 hit the upper circuit after entering into an MoU with Stargen Power Pvt Ltd

On Tuesday, shares of RDB Infrastructure and Power Limited hit a 5 per cent upper circuit to Rs 48.47 per share from its previous closing of Rs 46.17 per share. The shares of the company saw a spurt in volume by more than 1.01 times on the BSE.

RDB Infrastructure and Power Limited has signed a Memorandum of Understanding (MOU) with Stargen Power Private Limited to undertake solar power projects. The agreement, dated September 22, 2025, involves the execution of solar power projects with a capacity of 52 MW (AC)/ 65 MW (DC). These projects will be developed across five sites near Nagpur, Maharashtra, and have a total EPC (Engineering, Procurement, and Construction) contract value of Rs 225 Crore. The entire project is to be completed within one year from the commissioning of all five sites. This partnership is with a domestic entity and marks a significant step for RDB Infrastructure in the renewable energy sector.

Earlier, RDB Infrastructure and Power Limited created a new company, Naar Projects Private Limited, to act as a Special Purpose Vehicle (SPV) for a specific project. RDB will acquire a 26 per cent stake for Rs 26,000, making it an associate company. This new entity will operate in the real estate sector, a move that aligns with RDB Infrastructure's core business.

In other news, RDB Infrastructure and Power Limited has also entered a joint development agreement with Bigbull Infrabuild Private Limited for a commercial/multi-storied retirement housing project in Gurgaon, Haryana. This venture will follow a revenue-sharing model, with RDB receiving 31.5 per cent of the proceeds. Furthermore, the company's paid-up capital has increased to Rs 19.838 crore after a preferential allotment of 2,50,000 equity shares to Nikhil and Kajal Rawat.

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About the Company

RDB Infrastructure and Power Limited (formerly known as RDB Realty & Infrastructure Ltd), founded in 1981, is a prominent real estate & solar services-related company in India. With a strong presence in major cities like Kolkata, Mumbai, and Hyderabad, they specialise in both residential and commercial projects. Their portfolio includes high-rise apartments, integrated townships, office spaces, and shopping malls. The company is committed to quality and innovation, aiming to deliver exceptional living and working spaces. By focusing on customer satisfaction and sustainable development practices, RDB Realty & Infrastructure Ltd has established itself as a trusted name in the Indian real estate industry.

According to Quarterly Results, the net sales increased by 120 per cent to Rs 67.56 crore and net profit increased by 186 per cent to Rs 2.72 crore in Q1FY26 compared to Q1FY25. In its annual results, the net sales increased by 60 per cent to Rs 107.71 crore and net profit increased by 105 per cent to Rs 5.54 crore in FY25 compared to FY24.

The stock’s 52-week high is Rs 62.68 per share and its 52-week low is Rs 35 per share. The company has a market cap of over Rs 800 crore, with promoters holding 68.64 per cent stake, FIIs holding 2.46 per cent and the pubic owning 28.90 per cent stake. The stock is up by 38.5 per cent from its 52-week low of Rs 35 per share and has given multibagger returns of 3,175 per cent in 5 years.

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