Wind power company receives two orders worth Rs 21,60,85,706 from Adani Green Energy Ltd

Winsol Engineers Limited, a specialised wind power company, has announced the receipt of two significant orders from Adani Green Energy Limited, totalling Rs 21,60,85,706 (Rupees Twenty-One Crore, Sixty Lakh, Eighty-Five Thousand, Seven Hundred Six Only), exclusive of GST. These orders, received on July 12, 2025, are for the establishment of a 33KV transmission line crucial for Adani Green's 300.5 MW Wind Power Project in Mundra. The total amount comprises a purchase order worth approximately Rs 12,11,58,856 for the supply of materials and associated services, alongside two service orders valued at approximately Rs 9,49,26,850. This strategic win is expected to substantially strengthen Winsol Engineers' customer base and contribute significantly to the company’s business growth trajectory.

The scope of work under these orders is comprehensive and time-sensitive. The purchase order covers the supply of materials, including packing, forwarding, freight, and transit insurance, with delivery required on or before December 31, 2025. The associated service orders detail the execution of essential tasks for the 33KV transmission line. This includes the receipt, unloading, storage, handling, erection, testing, and commissioning of the complete line, including civil works, which is to be finished by December 31, 2025. Additionally, a service order specifically covers arranging the right-of-way (ROW) and managing crop compensation, ensuring all works and facilities are completed by the same deadline.

About the Company

Winsol Engineers Limited, established in 2015, specialises in providing comprehensive engineering, procurement, construction, and commissioning services for Balance of Plant (BoP) solutions in the solar and wind power industries. Their focus lies in delivering essential components and services that ensure the smooth operation and efficiency of renewable energy facilities. Offering turnkey EPC solutions for renewable power companies, Winsol Engineers covers a wide range of BoP services, including foundation construction, substation civil and electrical work, right-of-way management, cabling to substation and grid, and various other crucial tasks.

The company has a market cap of Rs 255 crore. The shares of the company have a PE of 20x, an ROE of 35 per cent and an ROCE of 36 per cent. The stock is up by 42.7 per cent from its 52-week low of Rs 155 per share.

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