Shares of Insolation Energy Ltd are trading flat after touching a day’s high of Rs 185 on 30th October, despite the company announcing on Wednesday (29th October) that its subsidiary, Insolation Green Infra Private Limited, has secured a turnkey project order worth Rs 232.36 crore (excluding GST) from Silgo Retail Ltd.

The contract includes design, engineering, manufacturing, supply, and commissioning. It involves a 54 MW AC (70.20 MWp DC) grid-synchronised solar power plant across multiple locations in Rajasthan under the KUSUM Scheme.

In a stock exchange filing, Insolation Energy said its subsidiary, Insolation Green Infra Private Limited, has received the Rs 232.36 crore turnkey project order from Silgo Retail Ltd.

The domestic order will be executed over FY25-FY27. The company also clarified that neither its promoters nor the promoter group have any interest in Silgo Retail Ltd. Additionally, the deal is not a related party transaction.

At 12:37 PM, shares of Insolation Energy were trading 0.46% higher at Rs 183.95 on BSE.

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