24 Jul 2024

Ahasolar Technologies Secures Major Contract with HPCL

Ahasolar Technologies saw its stock hit the upper circuit limit at ₹464.35, rising by 22.10 points or 5.00% from its previous close of ₹442.25 on the BSE.

The stock opened at ₹464.35, hitting an intraday high of ₹464.35 and a low of ₹437.10. A total of 18,000 shares have been traded so far.

This BSE 'M' group stock, with a face value of ₹10, reached a 52-week high of ₹657.75 on March 5, 2024, and a 52-week low of ₹207.00 on December 6, 2023.

In the past week, the stock's high and low stood at ₹464.35 and ₹373.05, respectively. The company's current market cap is ₹143.13 crore.

The company's promoters hold 36.95%, while non-institutional investors hold 63.05%.

Ahasolar Technologies has been awarded a contract for consultancy services for project management and site supervision of solar plants in Gujarat by Hindustan Petroleum Corporation (HPCL). The consultancy service is valued at approximately ₹29 lakh.

Previously, Ahasolar secured a consultancy contract from the Gujarat Energy Development Agency (GEDA) for the feasibility and site survey of solar rooftop systems on government buildings in Gujarat.

Ahasolar Technologies is focused on CleanTech, driving the energy transition through digital transformation and enabling stakeholders to adopt renewable energy solutions.