Gujarat Inject Kerala Limited, which is in the process of rebranding as Regenova Renewtech Limited, has secured a purchase order worth Rs. 144.9 million (mn) from Deon Energy Limited for the supply of 16,129 Solar PV Modules of 620 WP capacity. The order, exclusive of GST, marks a significant addition to the company’s renewable energy business and follows a sequence of module contracts secured in the current financial year. The company characterised the win as an important milestone in its strategic expansion into the solar solutions segment.

The latest contract augments an existing pipeline of orders from customers including Earthwave Technology, Perfect Renewtech and Surja Infra and is reported to reinforce the company’s footprint across India’s solar infrastructure market. Management indicated that the order strengthens execution momentum and supports efforts to build a scalable solar solutions platform. The company has been prioritising timely delivery and customer engagement as part of its growth strategy.

Gujarat Inject Kerala Limited delivered strong financial results in FY26, with revenue from operations rising to Rs. 363.2 mn from Rs. 190.5 mn in FY25, representing growth of approximately 91 per cent year on year. Net profit increased to Rs. 18.1 mn from Rs. 10.2 mn, an improvement of around 78 per cent. Quarterly performance was also robust, with revenue for Q4FY26 at Rs. 307.0 mn compared with Rs. 42.4 mn in Q4FY25 and profit after tax for the quarter at Rs. 16.4 mn against Rs. 0.7 mn previously, while profit before tax for FY26 stood at Rs. 25.0 mn versus Rs. 12.5 mn. Earnings per share improved to Rs. one point two four from Rs. zero point seven zero.

As part of a broader transformation, the company has received approval for a proposed change of name to Regenova Renewtech Limited and plans to expand participation across the solar value chain. With a growing order book and improving margins, the company is positioned to capitalise on policy support and investment trends in India’s renewable energy sector while seeking to create sustainable value for stakeholders.