Announced Thu, 16 Jul · 09:43 IST
GRE Renew Enertech reports 100 MWp solar milestone, ₹224 crore order book
Compliance View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
+10.2%1-day move
₹145.00
prior close
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AI summary
GRE Renew Enertech crossed 100 MWp of cumulative solar installations. Active order book stands at 75 MWp worth about ₹224 crore, outpacing FY26 revenue of ₹122.9 crore. Key win: ₹175 crore turnkey EPC order from Solarium Green Energy for a 50 MW AC project in Maharashtra. Also commissioned a 7.20 MW AC solar plant under RESCO model. FY26 PAT was ₹13.6 crore with 147% three-year CAGR. The BSE SME-listed firm completed its IPO in January 2026.
Likely market impact
Order book exceeds prior year revenue, signaling strong growth. A single ₹175 crore EPC win boosts revenue visibility for this BSE SME-listed firm.