+
Gujarat Inject Kerala Secures Major Solar Module Order
POWER & RENEWABLE ENERGY

Gujarat Inject Kerala Secures Major Solar Module Order

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.

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.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

BMW Ventures Secures Rs 249.83 Million (mn) Steel Orders

BMW Ventures Limited said it has secured two purchase orders totalling Rs 249.83 million (mn) from Lata Projects Limited for the supply of TMT steel FE-550D grade for three units of 800 megawatt (MW) capacity at the USCTPP Adani project. The orders were disclosed to the stock exchanges under Regulation 30 of the SEBI Listing Regulations and carry a contract value inclusive of all taxes.\n\nThe company stated that the orders will be executed within eight weeks from the date of the purchase orders and that the contract provides for 100 per cent advance payment with specified guarantees. The supp..

Next Story
Real Estate

Housing Sales Dip in Top Eight Cities in Q2, Pune and Bengaluru Hit Hard

Housing sales across the top eight cities fell six point one per cent year-on-year to 91,729 units in the April-June quarter from 97,674 a year earlier, PropTiger’s Real Insight Residential report showed. The moderation reflected seasonal pre-monsoon effects and heightened buyer caution amid the US-Iran conflict. New launches rose six per cent to 89,161 units. The impact was concentrated in technology-driven markets, with Pune and Bengaluru among the hardest hit. Pune recorded the steepest annual decline at 20.8 per cent, with sales falling to 12,642 units, while Ahmedabad declined 20.2 per ..

Next Story
Infrastructure Urban

India And ADB Sign US$230 Million Loan To Modernise Chennai Water

The Government of India and the Asian Development Bank (ADB) signed a US$230 million loan to modernise and expand water supply and sanitation infrastructure in Chennai. Saurabh Singh, Deputy Secretary, Department of Economic Affairs (DEA), signed on behalf of the Government of India and Mio Oka, Country Director of ADB’s India Resident Mission, signed for the lender. The engagement was guided by Baldeo Purushartha, Joint Secretary (ADB and Japan), DEA. The Chennai Climate-Resilient Water Security and Sewerage Project aims to improve access to safe and reliable water and sanitation citywide w..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code