Receipt of Order worth INR474 Crore
Price
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Raminfo Ltd, through a consortium led by its 51%-owned SPV Raminfo Green Energy Private Limited, has secured a ₹474 crore order from Rajasthan Renewable Energy Corporation Limited (RRECL), a Rajasthan state government entity. The order covers design, supply, erection, testing, and commissioning of 73 MW rooftop solar photovoltaic power projects on government buildings across Rajasthan, under the Hybrid Annuity Mode. It also includes comprehensive operation and maintenance for 25 years, with installation to be completed within one year. The SPV was incorporated on May 5, 2025, specifically for this project. Raminfo described this as its foray into the smart/green energy segment, and the order is classified as 'significant' under SEBI disclosure rules.
This is a very large order relative to Raminfo's small-cap size and is likely several times its annual revenue, potentially transforming its revenue base and adding 25 years of recurring O&M income. Expect positive stock reaction, though investors should track execution timelines, the 49% consortium partner's share, and working capital needs typical of HAM-based projects.