Australian Premium Solar (India) Limited (APS) has announced a significant milestone in its business operations, securing a purchase order worth ₹23.18 crore. This order includes the supply of 18,000 APS Solar Panels, each with a capacity of 540 watts.

Details of the Order

The purchase order was awarded by a domestic entity, whose name remains undisclosed due to privacy agreements and mutual understanding. The company has committed to executing this order within three months, further showcasing its operational efficiency and reliability in the renewable energy sector.

In addition to this, APS received another major order worth ₹13.85 crore just a day earlier. Together, these orders represent a cumulative revenue boost of over ₹37 crore, a testament to APS's growing prominence in the solar energy market.

Impact on Business

The latest orders are expected to significantly enhance APS's customer base and contribute to the company’s overall profitability. With a strong focus on renewable energy and adherence to high-quality standards, APS continues to solidify its reputation as a leading supplier of solar panels in India.

The company emphasized that these orders would not only reinforce its market position but also align with its vision to promote sustainable energy solutions.

Compliance with SEBI Regulations

APS made this announcement under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency and compliance. The enclosed details confirm that the orders do not involve any related-party transactions or promoter interests, further affirming the company's commitment to ethical business practices.

Renewable Energy Sector Growth

The renewable energy sector in India is witnessing robust growth, driven by government policies and increased adoption of sustainable practices by businesses. APS’s recent orders reflect the rising demand for solar power solutions, which are pivotal in achieving India’s renewable energy targets.

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