Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we thrilled to announce that Insolation Green Energy Private limited a Wholly ....
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Insolation Energy Ltd announced that its wholly-owned subsidiary, Insolation Green Energy Private Limited, has signed a Memorandum of Understanding (MOU) with Bondada Engineering Limited. Under this agreement, Insolation Green Energy will act as the priority supplier of solar modules to Bondada Engineering for its upcoming solar projects. The supply will cover ALMM-1 and ALMM-II (Make in India) solar cells and modules. The MOU covers the period from January 2027 to December 2028 and is executed in anticipation of the upcoming ALMM-II framework. There is no shareholding between the two parties and the transaction is not a related-party deal.
This is a positive development for Insolation Energy as it secures a long-term offtake commitment for its subsidiary's solar modules and signals anticipated revenue visibility for 2027-2028. For shareholders, it strengthens the company's position in the domestic solar module supply chain, though being only an MOU (not a binding contract), the actual revenue impact remains subject to formal orders.