Solar penny stock under Rs 70 receives an order worth Rs 19,50,00,000 from Jodhpur Vidyut Vitran Nigam Ltd (JDVVNL)
DSIJ Intelligence-1 / 25 Sep 2025/ Categories: Penny Stocks, Trending
The company has a market cap of over Rs 150 crore and the stock has given multibagger returns of 167 per cent from its 52-week low of Rs 26.21 per share.
Silgo Retail Ltd has secured a significant domestic contract from Jodhpur Vidyut Vitran Nigam Limited (JDVVNL) to undertake a comprehensive solar power project. The order, valued at approximately Rs 19.50 crore, involves the design, survey, supply, installation, testing, and commissioning of a 5.50 MW grid-connected solar power plant across three sites. A crucial part of this agreement is a 25-year operation and maintenance (O&M) contract, ensuring the long-term viability of the project. The company has also been awarded a Letter of Award (LOA) for this initiative, which falls under the PMKUSUM Component A Scheme. The project, with a levelized tariff of Rs 3.040 per unit, is expected to generate 88,00,000 units of electricity annually, bringing in a yearly revenue of Rs 2,67,52,000. The entire project is slated for execution and completion within the financial year 2026-27.
Earlier, the company secured a significant domestic contract from Jodhpur Vidyut Vitran Nigam Limited (JDVVNL) under the PM-KUSUM scheme. The project, valued at approximately Rs 172 crore, involves the design, installation, and long-term maintenance of 25 grid-connected solar power plants across different sites, with a total capacity of 48.5 MW. Expected to be completed in the fiscal year 2026-27, the plants will generate an estimated 79.2 million units of electricity annually, providing a substantial revenue stream for the company.
About the Company
Silgo Retail Limited, a company incorporated in 2016 and based in Jaipur, India, is primarily engaged in the business of designing, manufacturing, and trading silver jewellery. While the company's manufacturing facility is in Jaipur and its product portfolio includes various silver items like rings, necklaces, and bangles, it has recently decided to expand its business operations by entering the renewable energy sector. This strategic move will allow the company to pursue a wide range of activities, including setting up and maintaining solar, wind, and hybrid energy plants, engaging in energy trading, and developing energy-related infrastructure and technologies. The new business focus will enable Silgo Retail to undertake turnkey projects, provide EPC services, and engage in carbon credit trading, diversifying its portfolio beyond its traditional jewellery business.
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On Thursday, shares of Silgo Retail Ltd gained 2.24 per cent to Rs 69.85 per share from its previous closing of Rs 68.32 per share. The stock’s 52-week high is Rs 79 per share and its 52-week low of Rs 26.21 per share. The company has a market cap of over Rs 150 crore and the stock has given multibagger returns of 167 per cent from its 52-week low of Rs 26.21 per share.
Disclaimer: The article is for informational purposes only and not investment advice.