Zodiac Energy shares jumped as much as 5% intraday to ₹254.35 on Friday, August 21, following the company's announcement of securing a significant solar power project order. According to reports from CNBC TV18, the stock movement reflects positive investor sentiment toward the company's renewable energy sector expansion.
The company received a purchase order for a 2,500 Kwp ground-mounted solar photovoltaic (PV) power plant from a domestic entity with its registered office in Uttar Pradesh. As reported by CNBC TV18, Zodiac Energy will be responsible for the complete execution including supply, installation and commissioning of the solar power plant. The project is targeted for completion by December 31, 2026, subject to the terms of the purchase order.
According to the company's exchange filing reported by CNBC TV18, this order is expected to strengthen its presence in the renewable energy sector and contribute to revenue over the project execution period. The order covers a 2,500 Kwp ground-mounted solar PV power plant and includes execution of the solar power system as per the specifications and scope of supply outlined in the purchase order.
Headquartered in Ahmedabad, Gujarat, Zodiac Energy provides a comprehensive range of energy solutions including rooftop, ground-mounted and floating solar power systems, solar trees, diesel and gas generator sets, and battery energy storage systems. As reported by CNBC TV18, the company clarified that neither its promoter, promoter group nor group companies have any interest in the entity that awarded the order, and the order does not fall under related-party transactions.
