Solar company bags order worth Rs 350,00,00,000 from Uttar Pradesh Power Transmission Corporation Ltd (UPPTCL)

GP Eco Solutions India Ltd.'s wholly-owned subsidiary, GPES Solar 10 Private Limited, has received connectivity approval from the Uttar Pradesh Power Transmission Corporation Limited (UPPTCL) for a new solar power project. The project, with a capacity of 100 MW, has been granted connectivity at the 220 kV voltage level to the 765 kV substation in Talbehat, UPPTCL. This project, with an estimated cost of Rs 350 crore, is a significant development for the company, with a scheduled completion date of January 23, 2027.

About the Company

GP Eco Solutions India Ltd (GPESL), incorporated in 2010, is an ISO 9001:2015 certified company engaged in the manufacturing and trading of solar plants/panels, electronic equipment, and solar equipment. As an authorised distributor, GPESL partners with major players like Sungrow India (for inverters) and Saatvik Green Energy and LONGi Solar (for panels) in North India. While also providing integrated solar energy solutions, including engineering, procurement, and construction (EPC) services, their primary business focus is the distribution of solar inverters and panels. GPESL also owns the "INVERGY" brand, under which they OEM manufacture hybrid solar inverters and lithium ferro phosphate (LFP) batteries.

GP Eco Solutions India Limited has announced its H2 and FY25 financial results, reporting a consolidated revenue from operations of Rs 246.43 crore for FY25, a significant increase from Rs 138.44 crore in FY24, marking a 78.00 per cent year-on-year growth. The company's Profit After Tax (PAT) for FY25 stood at Rs 10.46 crore, up from Rs 7.33 crore in FY24, showing a 5.02 per cent year-on-year increase. For H2FY25, revenue from operations reached Rs 246 crore, with PAT reported at Rs 5.57 crore, an increase of 13.87 per cent compared to Rs 4.89 crore in H1FY25.

The company has a market cap of over Rs 700 crore and the stock has given multibagger returns of over 170 per cent from its 52-week low of Rs 212.20 per share.

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