Zodiac Energy Limited has informed the Exchange about Bagging/Receiving of orders/contracts
ZODIAC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Zodiac Energy Limited has received a Letter of Intent from an international entity based in Zambia for a turnkey solar power project. The scope covers design, supply, installation, testing, and commissioning of a 6 MWp DC / 5 MW AC ground-mounted solar PV power plant along with a 1 MWh battery energy storage system (BESS) in Lusaka, Zambia. The total order value is USD 3,288,000, which works out to approximately ₹30.85 crore at current exchange rates. The project is to be executed on a DAP (Delivered at Place) basis within around 9 months. The client's name has been withheld citing confidentiality obligations, and the order is not a related-party transaction.
This is a positive development as it expands Zodiac Energy's international footprint in the renewable energy EPC space and adds a meaningful order worth ~₹30.85 crore to its order book. The stock may see positive sentiment, though the redacted client name limits full visibility on the counterparty's credit profile.