Solar penny Stock Under Rs 50: Company receives new order of Rs 7,92,07,425 from CIAL Infrastructures Ltd

DSIJ Intelligence-1 / 18 Sep 2025/ Categories: Penny Stocks, Trending

Solar penny Stock Under Rs 50: Company receives new order of Rs 7,92,07,425 from CIAL Infrastructures Ltd

The stock is up by 28.54 per cent from its 52-week low of Rs 35 per share.

TCM Ltd. has been awarded a work order from CIAL Infrastructures Limited, a subsidiary of Cochin International Airport Limited. The contract, valued at Rs 7,92,07,425 (excluding GST), is for the re-installation of a 7.5 MWp ground-mounted solar PV plant at the CIAL-Nayathode site in Ernakulam. The scope of work for this domestic project includes the design, installation, testing, and commissioning of the solar plant. The project is divided into two parts: Part A involves the re-installation of a 1.8 MWp plant using 325 Wp solar modules, and Part B involves the dismantling, re-installation, testing, and commissioning of a 5.7 MWp plant using 270 Wp modules.

The company is required to complete the project within four months from the commencement date, which will be the 15th day after the Engineer-in-Charge's written order to begin work or the date of site handover, whichever is later. A defect liability period of one year from the date of handing over the plant is also part of the agreement. Additionally, TCM Ltd. must obtain a Contractors All Risk (CAR) insurance policy for the duration of the contract. This order signifies a notable contribution to the renewable energy infrastructure in the region.

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About the Company

TCM Ltd manufactures medical products, GPS-enabled automatic headlight beam assist systems for vehicles under the brand name of ENSO and the business of setting up and commissioning solar power plants. The shareholding pattern of the company, where promoters hold a 49.51 per cent stake, DIIs hold a 7.44 per cent stake (out of which Lici Asm Non Par owns 7.41 per cent) and the rest is owned by the general public, which is 43.05 per cent as of June 2025.

On Wednesday, shares of TCM Ltd gained 1.5 per cent to Rs 44.99 per share from its previous closing of Rs 44.33 per share. The stock has a 52-week high of Rs 79.50 per share and a 52-week low of Rs 35 per share. The stock is up by 28.54 per cent from its 52-week low of Rs 35 per share.

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