Jhaveri Credits & Capital has secured a significant contract from the New & Renewable Energy Development Corporation of Andhra Pradesh for grid-connected rooftop solar power installation. According to reports from Business Standard, the company received a letter of award for the project on September 3, 2026, indicating formal approval of the contract terms.
The contract involves supply, installation and commissioning of grid-connected rooftop solar power plants at various government institutions across Andhra Pradesh. As reported by Business Standard, the project will be executed under the RESCO Mode, which stands for Renewable Energy Service Company Mode, indicating a comprehensive solar power service arrangement. The project represents a one-time order with a 90-day execution timeline after commissioning.
The contract involves supply and installation of rooftop solar plants at government buildings in Andhra Pradesh with price ranges from ₹3.98 to ₹4.28 per unit. According to recent reports, this deal adds fresh revenue for the company and provides long-term income stability through the RESCO mode arrangement. However, investors should note this represents a single deal, not a recurring contract.
Jhaveri Credits & Capital shares were trading at ₹173.90 on BSE compared to the previous close of ₹174.75, with a total of 113 shares traded across 11 trades. The stock hit an intraday high of ₹174.70 and an intraday low of ₹167.35, with a net turnover of ₹19,311. This contract represents a notable development in the company's renewable energy portfolio expansion, demonstrating its capability in handling government projects and expanding into the green energy sector.
