Gujarat Inject Kerala Bags Rs 14.49 Crore Order from Deon Energy for Solar PV Modules

Gujarat Inject Kerala Bags Rs 14.49 Crore Order from Deon Energy for Solar PV Modules​

Gujarat Inject Kerala Limited, a company undergoing strategic transformation and rebranding as Regenova Renewtech Limited, has secured a significant purchase order valued at approximately Rs 14.49 crore (exclusive of GST) from Deon Energy Limited. This order involves the supply of 16,129 Solar PV Modules with a capacity of 620 WP.

The contract marks a key milestone in Gujarat Inject Kerala Limited's expansion into India’s renewable energy and solar solutions segment, strengthening its position within the rapidly growing solar infrastructure market. The recent acquisition from Deon Energy follows multiple contracts secured by the company from clients including Earthwave Technology, Perfect Renewtech, and Surja Infra, indicating a robust order pipeline in the clean energy sector.

The contract win comes amidst strong financial performance delivered during Fiscal Year 2026 (FY26). Revenue from operations nearly doubled to Rs 36.32 crore in FY26, up from Rs 19.05 crore in FY25, translating to approximately 91% year-on-year growth. Net Profit for the full fiscal year also saw a significant increase, reaching Rs 1.81 crore from Rs 1.02 crore in the previous financial year, which reflects around 78% growth.

The company’s strategic focus on diversification into Solar PV Modules and renewable energy operations has been identified as a primary driver of its growth. This aligns with robust policy support and increasing investment in India's renewable energy sector, creating substantial opportunities across the solar value chain.

Financial performance details for FY26 and Q4FY26 are as follows:


The company also reported an exceptional performance during the fourth quarter of FY26. Revenue from operations stood at Rs 30.70 crore, compared to Rs 4.24 crore in Q4FY25. Profit after tax for Q4FY26 increased sharply to Rs 1.64 crore, significantly up from Rs 0.07 crore reported in the corresponding quarter last year.

Commenting on this development, Mr Deepak Diwan Bachwani, Executive Director of Gujarat Inject Kerala Limited, stated that the order from Deon Energy Limited signifies a critical step in strengthening their renewable energy business. He noted that the win reflects growing customer confidence and reinforces commitment to building a scalable solar solutions platform.

Mr Bachwani also highlighted the long-term opportunities presented by India's transition towards clean energy, emphasizing the company's focus on timely execution and expanding its participation across the solar ecosystem. As part of its ongoing business transformation, the company has successfully received approval for the proposed change of name to Regenova Renewtech Limited, reflecting its enhanced vision in renewable energy and solar solutions.

Stock Price Movement​

At 09:52, shares of Gujarat Inject Kerala Ltd are edging higher, currently valued at ₹124.95, which represents a strong gain of 5.00%. The stock's trading activity today has seen it move within an intraday range set between the low of ₹119.20 and the high of ₹124.95.