Solar penny stock under Rs 30 jumps after bagging order of Rs 4,23,61,999 from Aquasub Engineering Unit V-Foundry Coimbatore

DSIJ Intelligence-1 / 28 Aug 2025/ Categories: Penny Stocks, Trending

Solar penny stock under Rs 30 jumps after bagging order of Rs 4,23,61,999 from Aquasub Engineering Unit V-Foundry Coimbatore

The stock is up by 34 per cent from its 52-week low of Rs 32 per share.

Agni Green Power Ltd has been awarded a domestic contract worth Rs 4,23,61,999 from Aquasub Engineering Unit V – Foundry, located in Coimbatore, Tamil Nadu. The order is for the comprehensive design, supply, installation, commissioning, and maintenance of a grid-connected rooftop solar power plant. This project, which includes all duties and taxes, is to be executed within four months from the date the order was received, further expanding Agni Green Power's portfolio in the renewable energy sector.

Earlier, the company had received a Letter of Award (LoA) from the West Bengal Renewable Energy Development Agency (WBREDA) for a domestic contract valued at Rs 1,19,92,200. This project involves the comprehensive design, engineering, manufacturing, procurement, testing, supply, installation, and commissioning of seven rooftop grid-connected solar power plants with a cumulative capacity of 300 kWp. These plants will be set up on various government buildings and establishments across different districts of West Bengal.

Incorporated in 1995, Agni Green Power Limited is engaged in the business of executing turn-key solar PV power plant projects. The company has two lines of business, including solar power plant designing, engineering, supply, procurement, construction, installation and commissioning (I&C), maintenance services, manufacturing and assembling of solar lighting systems, and other solar products.

Talking about the financials, Agni Green Power has a market cap of Rs 47 crore. According to half-yearly results, the net sales increased by 19 per cent to Rs 24.93 crore and net profit increased by 74 per cent to Rs 0.47 crore in H2FY25 compared to H2FY24. As of March 2025, the promoters own a 70.57 per cent stake in the company and the rest 29.43 per cent stake is owned by the general public.

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ON Thursday, shares of Agni Green Power Ltd jumped 7.87 per cent to Rs 24 per share from its previous closing of Rs 22.25 per share. The stock’s 52-week high is Rs 54.70 per share and its 52-week low is Rs 17.90 per share. The stock is up by 34 per cent from its 52-week low of Rs 32 per share.

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