GP Eco Solutions Secures Orders Worth ₹ 72 Crore in Renewable Energy Project Components
GP Eco Solutions India Limited has secured Letters of Award and a Memorandum of Understanding (MOU) from two domestic entities, representing orders totaling ₹ 72,05,75,000. This business development is attributed to its wholly owned subsidiary, Invergy India Private Limited, with the deals aimed at strengthening and scaling renewable energy projects.The contracts encompass various aspects of renewable power generation technology, including photovoltaic inverters and Battery Energy Storage System (BESS) components. The orders are set to be executed across different timelines, ranging from late 2026 through early 2027.
Details regarding the received orders include:
| Order Type | Client Type | Execution Deadline | Key Products/Components | Consideration Amount |
|---|---|---|---|---|
| LOA (Supply) | Domestic Entity | December 31, 2026 | INVERGY Model INV 350 TP, 25 MW TBEAMake Central Inverters, Invergy BESS 20MWh | ₹ 4,84,13,60,000* |
| MOU (Supply) | Domestic Entity | March 31, 2027 | Invergy Make INV 350 TP (Grid-Tied Transformerless String Inverter) | ₹ 38,13,65,000 |
*Note: The detailed breakdown provided for the first order includes components valuing ₹ 12,23,60,000, ₹ 2,68,50,000, and ₹ 19,00,00,000.
The orders were secured from two separate domestic entities through a mix of Letters of Award (LOAs) and an MOU. The contracts relate to the supply of advanced renewable energy equipment, with Invergy India Private Limited handling the execution of these projects.
GPECO Stock Price Movement
Today, the stock of GP Eco Solutions India Limited shed 0.07%, settling at ₹433.0 after closing trading for the session. The shares traded within an intraday range, hitting a low of ₹420 and peaking at ₹435.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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