Upper & Lower Circuit Stock: Solar Company Bags New Order Worth Rs 1,00,00,000 From Gujarat Urban Development Company Limited

DSIJ Intelligence-2 / 07 Apr 2025/ Categories: Mindshare, Trending

Upper & Lower Circuit Stock: Solar Company Bags New Order Worth Rs 1,00,00,000 From Gujarat Urban Development Company Limited
Ahasolar Technologies Limited has secured a significant Work Order from the Gujarat Urban Development Company Limited (GUDA). The order involves consultancy services across various locations in Gujarat, focusing on the preparation of detailed project reports, procurement assistance, proof checking and certification of GTP/QAP, design and drawing scrutiny, and final recommendation and certification of PMC certified EPC contractor's bills. These services are for setting up Grid connected Solar Photovoltaic Projects with capacities ranging from up to 100 KW to more than 100 KW. 

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The total value of this consultancy service contract is approximately Rs 1 crore. The contract was awarded by a domestic entity, Gujarat Urban Development Company Limited (GUDA), and is classified as a domestic consultancy contract. Ahasolar Technologies Limited is expected to execute the order over a period of 5 years.

About the Company

Ahasolar Technologies Ltd., incorporated in 2017 and recognized by DPIIT as a CleanTech startup, provides digital solutions and advisory services in the renewable energy sector. The company offers SaaS products, including an AI-based intelligent Solar Digital Platform, to streamline processes for solar companies, governments, and other stakeholders. These products facilitate PV design, project management, generation monitoring and include an integrated digital marketplace for solar products.

Ahasolar's business model is SaaS-based, generating revenue through online subscriptions and transaction margins within its marketplace. The company also secures contracts from public and private sector entities for advisory services related to renewable energy adoption at distributed and utility-scale projects, encompassing roadmap preparation and development of solar power plants. The company has a market capitalisation of over Rs 27 crore. The stock is trading near its 52-week low of Rs 85.5 per share. Investors should keep an eye on this micro-cap stock.

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