In a significant development for the renewable energy sector, Insolation Energy Limited, through its wholly owned subsidiary, Insolation Green Energy Private Limited, has announced the receipt of a major sale order valued at ₹36.01 crores, inclusive of GST. This order has been awarded by Nexgen Energies Private Limited, a domestic entity, for the supply of Mono PERC Solar Modules.

The announcement was made on 15th April 2025 through a formal disclosure to BSE Limited, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the SEBI Master Circular dated 11th November 2024.

This order stands as a testament to the growing trust in Insolation's capabilities and strengthens its footprint in the Indian solar module market. The awarded contract comes at a time when the demand for high-efficiency solar technologies like Mono PERC modules is accelerating, owing to both government initiatives and the private sector’s increased focus on sustainability.

Breakdown of the Official Disclosure

The disclosure provides several key details about the transaction:

1. Entity Awarding the Order: The order has been issued by Nexgen Energies Private Limited, a domestic energy company that collaborates on solar energy projects.

2. Nature and Scope of the Order: The order pertains specifically to the supply of Mono PERC Solar Modules, a widely adopted technology known for its higher efficiency and better low-light performance compared to traditional modules.

3. Execution Timeline: The supply and execution of this order are expected to take place during FY 2025-26, aligning with the company’s operational targets for the current financial year.

4. Transaction Size: The total value of the order is ₹36.01 Crores (Thirty Six Crores One Lakh only), including GST, which represents a sizable boost to the company’s order book.

5. Domestic Origin: Both the awarding entity and the executing party are Indian companies, making this a domestic transaction and a reflection of the government’s emphasis on self-reliance in energy.

6. No Related Party Interest: The company has clarified that there is no promoter or group company interest in Nexgen Energies, and the order does not qualify as a related party transaction, eliminating any conflict of interest.

This strategic win builds further credibility for Insolation Green Energy, which has been playing an instrumental role in supporting India's clean energy transition. The company, under its parent Insolation Energy Limited, has been consistently focusing on innovation, quality assurance, and reliable delivery timelines, particularly in solar PV technologies.

Mono PERC Solar Modules: A Game-Changer

The modules to be supplied under this order are of Mono PERC (Passivated Emitter and Rear Cell) technology, which is known for:

• Higher conversion efficiency

• Improved performance in low-light conditions

• Better temperature coefficient

• Enhanced durability

These features make Mono PERC modules particularly appealing for utility-scale solar projects as well as commercial and industrial rooftop installations.

Market Significance and Industry Context

With the Government of India’s aggressive push towards 500 GW of non-fossil fuel-based capacity by 2030, solar energy has become a central focus. Companies like Insolation Energy and its subsidiaries are poised to benefit from this momentum, especially as the industry leans more towards Made-in-India components.

This ₹36.01 Cr order also comes at a time when India’s domestic solar manufacturers are increasingly gaining attention and support due to various PLI (Production Linked Incentive) schemes and import substitution policies.

Insolation Energy’s Strategic Growth Path

Insolation Energy Limited, listed on BSE under the symbol INA, has been strategically expanding its capabilities and market reach. By leveraging the technical expertise of its subsidiaries such as Insolation Green Energy Private Limited, the company has positioned itself as a reliable provider of high-efficiency solar solutions across both urban and rural sectors.

Key areas of focus for the group include:

• Solar PV module manufacturing

• Turnkey EPC solutions

• Energy storage integration

• Smart grid alignment

With this new order, the company not only reinforces its reputation but also signals robust growth prospects for FY 2025-26.

Investor Outlook and Market Confidence

Investors have often looked for such substantial order wins as signals of a company’s operational strength and future revenue visibility. The ₹36.01 crore deal is expected to positively impact top-line revenues, especially since it falls squarely within the current financial year.

In the broader market context, this development enhances stakeholder confidence and potentially supports favorable market movement for the company’s stock in the near term.

Conclusion

The receipt of a ₹36.01 Cr domestic order by Insolation Green Energy Private Limited is a noteworthy milestone in the trajectory of Insolation Energy Limited. It signifies not just commercial success, but also the rising influence of Indian solar manufacturers in a market that is increasingly demanding both quality and scale.

As the renewable energy sector continues to flourish, such wins further highlight the strategic role played by homegrown players like Insolation Energy in India’s clean energy future.

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