Insolation Energy has recently secured a significant order worth Rs 208.31 crore from Zetwerk Manufacturing Business. The order is for the supply of Solar PV Modules at the NTPC Khavada site in Gujarat.
The company plans to deliver 550 Wp SPV Modules in the financial year 2024-25. In addition, during a board meeting on October 15, Insolation Energy approved the issuance of up to 12,23,500 equity shares at a face value of Rs 10 each. These shares will be offered at an issue price of Rs 3287, including a premium of Rs 3277, to non-promoter entities. The aim is to raise an aggregate consideration of up to Rs 402.16 crore.