Rs 1,033.06 crore order book: Smart solar street light company received Rs 12,30,06,500 order from Bihar Renewable Energy Development Agency (BREDA)

Ganesh Green Bharat Ltd has received a significant domestic order from the Bihar Renewable Energy Development Agency (BREDA). The contract involves the empanelment of Ganesh Green Bharat Ltd. as an executing agency for the Mukhyamantri Gramin Solar Street Light Yojana in various blocks of the Kathiar district in Bihar, India. The company will be responsible for the design, supply, installation, testing, and commissioning of 4,033 smart solar street light systems. This project also includes a comprehensive maintenance contract for 5 years and the implementation of a remote monitoring system.

The total value of the contract is Rs 12,30,06,500 (Rupees Twelve Crores Thirty Lacs Six Thousand Five Hundred Only), which is inclusive of all duties and taxes. Each smart solar street light is valued at Rs 30,500. The order's terms, including its execution timeline, are as per the specific conditions outlined in the agreement. This contract is a domestic order awarded by a government agency under the Energy Department of the Bihar Government.

About the Company

Founded in 2016, Ganesh Green Bharat Ltd has rapidly evolved from a simple electrical contracting firm into a diversified energy and water solutions provider. With a strong focus on sustainability, the company has expanded its operations to include renewable energy generation, particularly solar power and water supply schemes.

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The company's solar energy expertise extends from residential home lights to large-scale solar power plants. As a channel partner with the Ministry of New and Renewable Energy (MNRE), Ganesh Green Bharat has successfully executed numerous solar projects across India, including a significant project involving 16,486 solar home lighting systems in Rajasthan. In addition to its solar energy ventures, the company has also ventured into the water supply sector, offering comprehensive solutions for rural communities, including the design, construction and commissioning of piped water supply systems.

The company has a market cap of Rs 1,253 crore and including the above order, it has an order book of Rs 1,033.06 crore. The shares of the company have an ROE of 23 per cent and an ROCE of 25 per cent. The stock is up by 46 per cent from its 52-week low of Rs 282.20 per share.

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