Australian Premium Solar Receives Rs. 27 Crore Order for APS Solar Panels and Inverters

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Australian Premium Solar Receives Rs. 27 Crore Order for APS Solar Panels and Inverters

Team Finance Saathi

28/Nov/2024

What's Covered in the Article:

Australian Premium Solar secures a Rs. 27 crore order for APS solar panels and inverters.
The order will be completed by March 2025, boosting the company's customer base and profitability.
The order involves a wide range of APS solar panels and inverters, excluding the client’s name due to privacy terms.

Australian Premium Solar (India) Limited, a leading player in the renewable energy sector, has secured a purchase order worth Rs. 27,05,08,370 from a client company for the supply of a range of APS solar panels and APS solar inverters. This new order is a significant boost for the company, enhancing its customer base and contributing to its profitability. The order details include the supply of high-performance solar panels such as the APS Mono Bifacial Solar Panels (both DCR and Non-DCR) and APS Topcon Solar Panels, alongside a diverse set of solar inverters ranging from 50KW to 110KW.

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The order is expected to be executed by March 2025, showcasing the company’s ability to meet growing demand in the solar energy market. The company has confirmed that the client's name will not be disclosed due to privacy agreements and mutual understanding with the client.

This order marks a crucial step in Australian Premium Solar’s commitment to providing high-quality solar solutions in India and other domestic markets. With solar energy playing a critical role in India’s push toward sustainable energy, this purchase order signifies a growing demand for solar panels and inverters, particularly in the wake of government incentives aimed at increasing renewable energy adoption.

The company further highlighted that there is no related party transaction involved with this order, and there is no interest from the promoter group in the entity that awarded the contract. This ensures that the order has been secured on arm’s length terms, ensuring fair business practices.

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Australian Premium Solar Receives Rs. 27 Crore Order for APS Solar Panels and Inverters

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