Insolation Energy Ltd

The LOI is part of the PM-KUSUM Component A scheme, which promotes solar energy for agricultural use. The contract involves end-to-end responsibilities, right from design and survey to supply, installation, testing, and commissioning of grid-connected solar power plants across 58 locations. It also includes a 25-year commitment for operations and maintenance from the date of commissioning. These projects will be implemented in RESCO mode, where the developer retains ownership and sells power to the utility. The total capacity of the combined solar projects stands at 109.79 MW. To connect the solar plants to the grid, the company will also build associated 11 KV lines linking to various 33/11 KV substations, along with a remote monitoring system for performance tracking. The contract is expected to be fully executed by the end of Q1 of FY 2026-27 and represents a total investment of around Rs 380 crore. The levelized tariff for the electricity generated has been finalized at Rs 2.55 per unit for 51 sites, Rs 3.037 per unit for 6 sites, and Rs 3.04 per unit for one site. Collectively, these plants are projected to generate 17.56 crore units annually, translating to an estimated annual revenue of approximately Rs 45.82 crore. Jaipur-based Insolation Energy is a leading solar panel manufacturer in India. The company's consolidated net profit surged 60.53% to Rs 64.92 crore while net sales jumped 57.32% to Rs 721.73 crore in H2FY25 over H2FY24. Powered by Capital Market - Live

Insolation Energy announced that its wholly owned subsidiary, Insolation Green Energy has been awarded Letter of Intent (LOI) for design, Survey, Supply, Installation, Testing, commissioning, Operation & Maintenance for 25 years from COD of grid connected solar power plants through RESCO Mode, its associated 11 KV line to connect the plant with various 33/11 KV sub-stations and remote monitoring system (RMS) of solar power plants vide TN-10 under PMKUSUM Component A Scheme of Jaipur Vidyut Vitran Nigam (JVVNL) for 58 sites. The combined SPV Solar Power plant shall be 109.79 MW from these LOIs, with the final levelized tariff shall be Rs. 2.55 per unit for 51 sites, Rs. 3.037 per unit for 6 sites, and Rs. 3.04 per unit for 1 site. The contract will lead to an investment of approximately Rs. 380 Crores (including GST) in setting up the 109.79 MW SPV Solar Power plants.Powered by Capital Market - Live

Insolation Energy announced that the Board of Directors of the Company at its meeting held on 26 May 2025, inter alia, have recommended the final dividend of Rs 0.1 per equity Share (i.e. 10%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Insolation Energy will hold a meeting of the Board of Directors of the Company on 26 May 2025.Powered by Capital Market - Live

This achievement marks a key milestone in our continued commitment to delivering cutting-edge renewable energy solutions and reinforces our strong market presence in the solar energy sector. Insolation Energy is engaged in the business of manufacturing solar panels and modules of high efficiency of various sizes. The company's consolidated net profit surged to Rs 61.27 crore in H1 FY25 from Rs 15.04 crore in H1 FY24. Revenue during the period under review increased to Rs 612.03 crore from Rs 278.40 crore posted in the same period last year.Powered by Capital Market - Live

Insolation Energy announced that its wholly owned subsidiary, Insolation Green Energy has received an order of Rs 36.01 crore from Nexgen Energies for supply of Mono PERC Solar Modules.Powered by Capital Market - Live

The company's consolidated revenue for FY24 was Rs 741.32 crore. Insolation Energy stated that the growth in revenue reflects strong execution of its strategic initiatives and the positive market dynamics. Additionally, dispatches surged by 81% YoY. Given a clear earnings growth trajectory, we believe financial year 2025-26, will be much better than financial year 2024-25, both in terms of revenue and profitability,' the company said in a statement. It further added: 'We are very excited about the upcoming 3GW capacity expansion of our wholly owned subsidiary company Insolation Green Energy Private Limited, out of them 2 GW is scheduled to commence commercial production in the First quarter of FY 2025-26 and remaining 1 GW is scheduled to commence commercial production in the Second quarter of FY 2025-26. This will increase our total capacity to 4GW, which will enable us to achieve larger revenues by capturing the robust demand.' The scrip declined 2.83% to currently trade at Rs 231.40 on the BSE. Insolation Energy is engaged in the business of manufacturing solar panels and modules of high efficiency of various sizes. The company's consolidated net profit surged to Rs 61.27 crore in H1 FY25 from Rs 15.04 crore in H1 FY24. Revenue during the period under review increased to Rs 612.03 crore from Rs 278.40 crore posted in the same period last year. The scrip fell 2.08% to currently trade at Rs 233.20 on the BSE. Powered by Capital Market - Live

Dusad will also serve as CFO and KMP of Insolation Green Energy, a wholly owned subsidiary of Insolation Energy. The firm added that this appointment was based on the recommendation of the Nomination and Remuneration Committee. Ravi Dusad is a Chartered Accountant (CA) with nearly two decades of experience in the manufacturing and service sectors. In his previous roles, he has held senior positions at Gravita India, TAB India Granites, and ICICI Lombard General Insurance Company. Dusad plays a key role in maintaining financial discipline, developing strategies, and ensuring alignment with both short-term and long-term organizational objectives. He leads and motivates subordinates to enhance employee engagement and foster a high-performing managerial team. With experience in developing profitable strategies and implementing a clear vision, Dusad ensures adherence to legal guidelines and in-house policies, upholding the company's legality and business ethics. Insolation Energy is engaged in the business of manufacturing solar panels and modules of high efficiency of various sizes. On a full-year basis, the company's consolidated net profit soared 419.4% to Rs 55.47 crore on a 163.9% surge in revenue from operations to Rs 737.17 crore in FY24 over FY23. Powered by Capital Market - Live

Insolation Energy has been awarded Letter of Intent (LOI) for design, Survey, Supply, Installation, Testing and commissioning including Operation and Maintenance for 25 years from COD of grid connected solar power plants through RESCO Mode, its associated line 11 KVA line to connect the plant with various 33/11 KVA sub-station and remote monitoring system (RMS) of solar power plants under PM KUSUM SCHEME - Component A under TN DSM-16/TN-02 by: (1) Ajmer Vidyut Vitran Nigam for 6 sites. The total SPV plants capacity shall be 9 MW and the final levelized tariff shall be Rs. 2.880 per unit. (2) Ajmer Vidyut Vitran Nigam for 21 sites. The total SPV Plants Capacity shall be 28 MW and the final levelized tariff shall be Rs. 3.020 per unit. (3) Jaipur Vidyut Vitran Nigam for 1 site. The total SPV Plant Capacity shall be 1.43 MW and the final levelized tariff shall be Rs. 2.880 per unit. The combined SPV Solar Power plant shall be 38.43 MW from these three LOI with final levelized tariff of Rs. 2.880 per unit for 7 sites and Rs. 3.020 per unit for 21 sites. Powered by Capital Market - Live

Insolation Energy announced that its wholly owned subsidiary, Insolation Green Energy has secured bagged orders worth Rs 733.04 crore for supply of solar PV modules from KPI Green Energy. Powered by Capital Market - Live