Introduction:
Green energy stock has secured a consultancy work order for developing Floating Solar PV projects across dam reservoirs in India. The contract, valued at ₹29.50 lakh, aligns with the company’s renewable energy goals, supporting India’s clean energy transition.
Share Price movement of Ahasolar Technologies:
On February 17, 2025, Ahasolar Technologies Ltd opened at ₹132.10, reaching a high of ₹146.00, up 5.00% from its previous close of ₹139.05 and a low of ₹132.10. Currently, it is trading at ₹146.00, with a market cap of ₹45 crore.
Ahasolar Technologies received work order:
Ahasolar Technologies Limited has received a work order from North Eastern Electric Power Corporation Limited for consultancy services. The order involves preparing PFRs and DPRs for the development of Floating Solar PV Projects across various dam reservoirs in Meghalaya, Mizoram, and Uttar Pradesh.
The consultancy contract is valued at approximately ₹29.50 lakh and is expected to be completed within four months. This order aligns with Ahasolar Technologies’ focus on renewable energy and its expansion into solar power development projects, contributing to India’s clean energy goals.
The contract is awarded by a domestic entity, and no related party transactions are involved. Ahasolar Technologies confirms that the promoter or promoter group has no interest in North Eastern Electric Power Corporation, ensuring the deal is conducted at arm’s length.
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Recent news About Ahasolar Technologies :
Ahasolar Technologies Ltd. has signed a long-term Power Purchase Agreement (PPA) with Saffron Enclave Private Limited, Kolkata, for the development of a 100 KW Solar PV power plant.
Ace investor holding of Ahasolar Technologies:
An ace investor Kalpakbhai Dineshkumar Prajapati holds 143,299 shares of Ahasolar Technologies Ltd, valued at ₹2.1 crore. They have a 4.65% stake in the company, with filing expected in September 2024. This significant holding showcases their belief in the company’s growth prospects.
An ace investor Patel Mona holds 1,00,286 shares of Ahasolar Technologies Ltd, valued at ₹1.5 crore. With a 3.25% stake, filing details are awaited for September 2024. This significant holding reflects confidence in the company’s growth and renewable energy projects.
Stock performance of Ahasolar Technologies for Period of 1 week, 6 months and 1 year:
Ahasolar Technologies’ stock has shown a sharp decline over various periods. Over the past week, it fell by 13.1%. In the last six months, the stock dropped by 62.2%. Over the past year, it saw a significant decline of 69.4%, reflecting ongoing challenges.
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Shareholding pattern of Ahasolar Technologies:
| Summary | Sep-24 | Mar-24 |
| Promoter | 37.00% | 37.00% |
| FII | 0% | 0% |
| DII | 0% | 0% |
| Public | 63.10% | 63.10% |
About Ahasolar Technologies:
Ahasolar Technologies specializes in providing solar energy solutions, focusing on solar photovoltaic systems and renewable energy projects. The company offers consultancy services for solar power installations, emphasizing sustainability and innovation in India’s growing clean energy sector.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
