Solar penny stock below Rs 20: Urja Global signs 3-year joint venture agreement with Solarmint Energies Pvt Ltd
DSIJ Intelligence-1 / 20 Nov 2025/ Categories: Penny Stocks, Trending
The stock is up by 14.5 per cent from its 52-week low of Rs 10.71 per share and a whopping 320 per cent in 5 years.
Urja Global Limited, a publicly listed and government-recognised renewable energy enterprise with over three decades of sector leadership, has announced the signing of a strategic Joint Venture (JV) Agreement with Solarmint Energies Pvt Ltd (formerly Sun N Sand Exim India Pvt Ltd). This JV, formalised on November 20th, 2025, is established to collaboratively engage in the manufacturing, branding, marketing, and nationwide distribution of solar PV modules under the well-established URJA brand. The core purpose of this partnership is to leverage Solarmint's manufacturing expertise and combine it with Urja Global's extensive market reach, brand strength, and established sales network across the country.
The contractual JV agreement is set for an initial duration of three years, with provisions for renewal upon mutual agreement. A significant term of the agreement stipulates that the pricing of the solar PV modules will operate on a COST + PROFIT basis. Under this arrangement, Solarmint will be responsible for manufacturing the URJA-branded solar panels, while Urja Global will handle the marketing, selling, and nationwide distribution of the final products. Importantly, the disclosure confirms that this agreement involves no shareholding in the partner entity and its execution will not result in any change in the management or control of Urja Global Limited.
About the Company
Urja Global Limited is a pioneer in the renewable energy sector, delivering innovative and sustainable energy solutions, including solar products, batteries and electric vehicles. Known for manufacturing low-speed scooters in the non-RTO segment, the company has now expanded its offerings to include high-speed scooters with full RTO registration, continuing its commitment to advancing eco-friendly technologies.
Today, shares of Urja Global Limited plunged 0.08 per cent to Rs 12.26 per share from its previous closing of Rs 12.27 per share. The stock’s 52-week high is Rs 19.45 per share and its 52-week low is Rs 10.71 per share. The company has a market cap of over Rs 640 crore. The stock is up by 14.5 per cent from its 52-week low of Rs 10.71 per share and a whopping 320 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.