Press release on Order received worth of INR474 crore
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Raminfo Limited has secured a ₹474 crore order from Rajasthan Renewable Energy Corporation Limited (RRECL) to install Rooftop Solar Projects on government buildings across Rajasthan. The project covers 73 MW capacity and includes 25 years of operation and maintenance, executed under the Hybrid Annuity Mode (HAM). Raminfo will hold a 51% stake in the project through its newly incorporated subsidiary, Raminfo Green Energy Private Limited. The order marks the company's formal entry into the smart energy and renewable space. Raminfo, previously known for e-governance and tech solutions, is now expanding into solar energy.
This is a transformational order for a small-cap company and likely represents a multiple of its annual revenue, positioning Raminfo as a serious player in the rooftop solar segment. Shareholders should view this as a significant growth catalyst, though execution risk over 25 years and dependence on government payments under the HAM model remain key things to watch.