Insolation Subsidiary Secures ₹558.29 Crore Contract from NTPC for Solar PV Module Supply
Insolation Green Energy Private Limited, a wholly owned subsidiary of Insolation Energy Ltd, has secured a significant contract amounting to ₹ 558.29 Crores. The order was awarded by NTPC Renewable Energy Limited, the wholly owned subsidiary of NTPC Limited, for the supply of Solar PV Modules.The domestic contract encompasses the provision of these crucial components, with the agreement set for execution within the financial year 2026-27.
This substantial deal underscores the capacity and market standing of Insolation's Green Energy division in the renewable energy sector. The contract involves a direct supply transaction between the two entities.
Key details regarding the awarded order include:
| Particular | Details |
|---|---|
| Entity Awarding Contract | NTPC Renewable Energy Limited (wholly owned subsidiary of NTPC Limited) |
| Scope of Work | Supply of Solar PV Modules |
| Contract Value | ₹ 558.29 Crores, including GST |
| Timeline | Execution in the financial year 2026-27 |
| Transaction Nature | Domestic order with no interest from promoter or related party involvement |
INA Stock Price Movement
Shares of Insolation Energy Limited are surging to ₹120.59 as of 1:00 PM, fueled by a strong 11.14% rally in live trading. The equity trades within its intraday range, with over 4 million shares changing hands today.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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