GP Eco Solutions Secures Rs 12.85 Crore Orders for Invergy Inverters and Lithium Batteries
GP Eco Solutions secures ₹12.85 crore orders for Invergy inverters and lithium batteries from Solar Distribution Company, aiming for execution by September 30, 2024, to meet solar energy market demands.
by Damodharan N
Updated Jul 16, 2024
Table of Content
GP Eco Solutions has announced securing aggregated orders totaling ₹12.85 crores for inverters and lithium batteries under its subsidiary, Invergy India Private Limited. These orders, awarded by a domestic entity, Solar Distribution Company, are slated for execution before September 30, 2024.
The company highlighted its commitment to meeting the robust demand in the solar inverter market and delivering high-quality energy solutions efficiently.
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Market Reaction
After the announcement of the new contract on July 15th, there was a notable market reaction for stock on NSE. On July 12th, the stock opened at ₹389.90 and reached a high of ₹440.40, with a low of ₹372.45 before closing at ₹440.40.
The trading volume was 8,91,600 shares. On July 15th, following the announcement, the stock opened higher at ₹456.00, peaked at ₹470.00, with a low of ₹416.20, and closed at ₹424.55. The trading volume increased to 4,02,000 shares.
Today market opened with aopatmis where the price of teh stock was 448 at 9.20 AM on NSE. These movements indicate increased investor interest and trading activity in response to the recent developments surrounding the stock.
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GP Eco Solutions
GP Eco Solutions is a leading player in India's solar energy sector, specializing in the supply of solar panels, inverters, and storage solutions. With a strong track record of delivering over 750 megawatts of solar power and serving more than 1600 clients.
GP Eco Solutions operates across a vast expanse of over 65 million square feet for solar panel deployment and maintenance. The company not only provides consultancy services but also ensures operational efficiency and maintenance, including solar panel cleaning.
GP Eco Solutions aims to empower India's sustainable evolution by leveraging its extensive distribution network to introduce cutting-edge solar innovations from top global brands. Their mission is to lead India towards a greener future, illuminating the path to cleaner energy solutions and environmental sustainability.
GP Eco Solutions Secures Rs 12.85 Crore Orders for Invergy Inverters and Lithium Batteries - FAQs
1. What is the total value of the contract secured by GP Eco Solutions for Invergy inverters and lithium batteries?
GP Eco Solutions has secured contracts totaling ₹12.85 crores for the supply of Invergy inverters and lithium batteries.
2. Who awarded the contract to GP Eco Solutions?
The contract was awarded by Solar Distribution Company, a prominent domestic entity specializing in solar energy solutions.
3. When is the deadline for executing the contract secured by GP Eco Solutions?
GP Eco Solutions is committed to executing the contract before September 30, 2024, meeting the timeline set by the Solar Distribution Company.
4. What was the opening price of GP Eco Solutions' stock on July 15th?
GP Eco Solutions' stock opened at ₹456.00 on July 15th, indicating initial investor sentiment and market activity.
5. What was the highest price reached by GP Eco Solutions' stock on July 15th?
The stock reached its highest point at ₹470.00 during trading hours on July 15th, reflecting peak investor interest and buying activity.
6. What was the lowest price of GP Eco Solutions' stock on July 15th?
The stock dipped to its lowest price of ₹416.20 on July 15th, marking the day's minimum trading level amid market fluctuations.
7. What was the closing price of GP Eco Solutions' stock on July 15th?
GP Eco Solutions' stock closed at ₹424.55 on July 15th, representing its final trading price for the day and capturing the market's overall sentiment by the end of trading hours.
8. What products are included in the contract secured by GP Eco Solutions?
The contract includes the supply of Invergy brand inverters and lithium batteries, essential components for solar energy systems.
9. What is the current stock price of GP Eco Solutions on NSE?
The stock opened at ₹448 at 9:20 AM on NSE.