Insolation Energy receives order worth Rs1.38 crore; Stock dives 10%

25 Oct 2022 , 01:35 PM

Insolation Energy Limited stock plunges 10% on Tuesday’s trading session despite receiving major construction order.

As per the filing, the company has received a Letter of Award (LOA) for empanelment of Vendor for Design, Supply, Erection, Testing, and Commissioning including warranty, Comprehensive operation & maintenance of grid-connected Rooftop Solar Plant of various capacities under the Phase-II of Grid Connected Rooftop Solar Scheme of MNRE in Rajasthan under General category against TN-DSM-02, for Jaipur Discom of Rs1,38,00,543 (Rupees One Crore, Thirty-Eight Lacs & Five Hundred Forty-Three only).

At around 1:36 PM, Insolation Energy was trading at Rs122.40 per share lower by 10% as against previous closing of Rs136 per share on the BSE.

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