Teerth Gopicon Limited — New Orders, 25-02-2025: Bagging/Receiving of orders/contracts

TGL has received a Letter of Intent from Jaipur Vidyut Vitaran Nigam Limited for the design, survey, supply, installation, testing, commissioning, operation, and maintenance of grid-connected solar power plants with a total capacity of 6.89 MW. The project will be executed under the RESCO model for a period of 25 years from the commercial operation date. The breakdown of the capacity includes plants at Jhalawar and Baran, with the entire project to be completed within 9 months of the issuance of the work order. This development underscores a strategic move towards renewable energy, aligning with TGL’s long-term vision and potentially enhancing its market position as demand for sustainable energy solutions increases. Investors should monitor this development closely for its implications on future revenues and the company’s growth trajectory.