Ujaas Energy sparkles on winning new order

Ujaas Energy has received an order of Rs 20 crore from Aligarh Muslim University, Firdaus Nagar, Aligarh, Uttar Pradesh. The company will provide designing, engineering, procurement & supply, construction & erection, testing & commissioning and comprehensive operations & maintenance for 10 years of 3MW (AC) Solar PV Power Plant on turnkey basis. Ujaas Energy has order book at 36 MW and bid book at 215 MW as of February 2016.

The share price of Ujaas Energy has increased by 9.32 per cent on bourses in early trades; and is trading at Rs 25 on an intra day basis.

On financial front, Ujaas Energy’s revenue has increased more than two times to Rs 277 crore in FY16 as compared to previous fiscal year. The company’s EBITDA too has risen by 46.61 per cent to Rs 62 crore in FY16 on a yearly basis. Its net profit also has increased by 73.72 per cent to Rs 20.29 crore in FY16 as compared to previous financial year.

Ujaas Energy is engaged in the manufacture and sale of solar power. The company operates business in three segments which include Transformer, Solar Power Plant Operation and Manufacturing & Sale of Solar Power Systems. Its projects include: Ujaas Park, a product which provides a complete turnkey solution for investors who want to become a solar power producer under preferential tariff mechanism. Ujaas Home is the perfect solution for producing clean green energy for residential use.