India–headquartered Zodiac Energy’s stock price rose 3% after the company announced it had secured an order from Ahmedabad Municipal Corporation (AMC) for the design, supply, installation, testing, and commissioning of a 30 MW grid-tied solar project. The project, valued at INR 154.27 crore, will include ground-mounted solar installations in Gujarat, along with operation and maintenance for five years. The project is expected to be completed within 18 months from the receipt of the order. Zodiac Energy’s stock, currently trading at INR 570, is significantly higher than its 52-week low of INR 124.25 and has risen by 330% over the last year.
Zodiac Energy secures AMC’s 30 MW solar project
Zodiac Energy’s share price surged 3% after securing order from AMC. (Image Credit/Source: ErodPhotos/Pexels)
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