Subsidiary bags Rs 558.29 Cr solar module order from NTPC Renewable

Order Above 5pct RevenueGovt Defence OrderBusiness Updates View source PDF

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+14.6%1-day move

₹109.30

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₹117.74

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AI summary

Insolation Energy's wholly owned subsidiary Insolation Green Energy has won a Rs 558.29 crore contract (inclusive of GST) from NTPC Renewable Energy, a government PSU, to supply Solar PV Modules. The order is domestic and must be executed within FY 2026-27. There are no promoter or related party interest concerns linked to the awarding entity.

Likely market impact

Large government-backed solar order strengthens FY27 revenue visibility and order book. Positive read for growth outlook.