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DailyBubble News

This solar power SME stock bags a new order worth Rs 21,343,330!

Shares of Agni Green Power Limited have surged over 140 percent in the past six months, reflecting the company’s strong performance in the renewable energy sector. Recently, the company secured a contract from Subhasree Projects Private Limited to set up solar power plants in West Bengal as part of the WBREDA scheme. The project involves installing 38 solar power plants with a capacity of 10 kW each in schools and government buildings across the state, with a total contract value of Rs. 2.13 crore.

In terms of financial performance, Agni Green Power Limited reported impressive results in H1FY24, with a revenue of Rs 14.26 crore, a YoY growth of 206.12 percent. The operating profit stood at Rs 1.02 crore, up by 28.49 percent YoY, while the company’s net profit saw a significant increase to Rs 106.23 crore, a 165.8 percent rise YoY.

Agni Green Power Limited specializes in executing turn-key Solar PV Power Plant projects, providing EPC and O&M services to clients. The company’s shares have delivered multibagger returns to shareholders, with the stock price rising from Rs 18.40 to Rs 64.60 in the span of one year, representing a 250 percent increase.

Investors are advised to monitor the stock closely, given its impressive growth trajectory. It is important to note that the article is for informational purposes only and does not constitute investment advice.

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