GP Eco Solutions Hits Upper Circuit After Securing ₹300+ Crore Solar Power Project Order
In a major boost to the renewable energy sector, GP Eco Solutions Ltd. witnessed a 2% surge in its share price, hitting the upper circuit in Thursday’s trade. The rally came after the company announced it had secured an engineering, procurement, and construction (EPC) turnkey contract worth over ₹300 Crore for a large-scale solar power project. This order is significant as it surpasses the company’s total market capitalization of ₹290.90 Crore.
Share Price Movement
GP Eco Solutions Ltd. saw its stock price jump to ₹248.4 per share at noon, reaching the upper circuit limit. The stock rebounded strongly from its day’s low of ₹238.7, reflecting strong investor confidence following the order announcement.
Details of the ₹300+ Crore Solar Power Order
The company announced on March 13, 2025, that it had bagged an EPC turnkey contract for the development of a 128MWp ground-mounted solar power project. This massive project will be executed in modular phases as follows:
- 40MWp in the first phase
- Another 40MWp in the second phase
- 48MWp in the final phase
The project is expected to be completed within 18-24 months.
This order further strengthens GP Eco Solutions’ position in the solar energy sector and highlights the growing demand for renewable energy solutions across India.
Key Developments & Expansion Plans
Apart from this latest order, the company has been making significant strides in expanding its footprint in the renewable energy sector.
Memorandum of Understanding (MoU) with Madhya Pradesh Government
On February 26, 2025, GP Eco Solutions India Limited signed an MoU with the New and Renewable Energy Department, Government of Madhya Pradesh. Through this agreement, the company aims to invest ₹1,000 Crore by FY 2028 to establish:
- A solar panel manufacturing unit with a 5GW capacity
- A solar cell production facility with a 2GW capacity
This strategic move aligns with India’s ambitious renewable energy targets and will significantly boost solar infrastructure in the state.
Previous Orders & Strong Growth Pipeline
Just before securing the latest ₹300+ Crore contract, the company won an order for supplying over 200MW+ of solar inverters on February 24, 2025. This order is expected to be executed by the end of March 2025.
Financial Performance: Strong Revenue and Profit Growth
GP Eco Solutions has showcased impressive financial growth, driven by increasing demand for solar solutions.
| Financial Metric | H1FY24 | H1FY25 | YoY Growth |
|---|---|---|---|
| Revenue from Operations | ₹44.28 Crore | ₹83.31 Crore | +88% |
| Net Profit | ₹0.85 Crore | ₹4.89 Crore | +475% |
The 88% surge in revenue and 475% jump in net profit reflect the company’s rapid expansion and strong execution capabilities in the renewable energy space.
About GP Eco Solutions India Ltd.
GP Eco Solutions India Ltd. is a leading player in the renewable energy sector, specializing in solar inverter and panel distribution. The company primarily operates in North India and collaborates with renowned brands like:
- Sungrow
- Saatvik
- LONGi
Apart from distribution, the company also offers engineering, procurement, and construction (EPC) services for solar energy solutions. It serves both commercial and residential customers, ensuring sustainable and cost-effective solar solutions.
Invergy Brand – A Growing Presence in Solar Storage Solutions
GP Eco Solutions also operates its own brand “Invergy”, which focuses on hybrid solar inverters and lithium ferro-phosphate (LFP) batteries. This segment is expected to witness strong growth as India accelerates its clean energy transition.
Conclusion
With the latest ₹300+ Crore order, GP Eco Solutions has reinforced its position as a rising star in India’s renewable energy sector. The company’s expansion plans, strong financial growth, and increasing order pipeline indicate a bright future. Investors have responded positively, pushing the stock to its upper circuit limit, and the company is expected to continue benefiting from the booming solar energy market.
Frequently Asked Questions (FAQs)
1. Why did GP Eco Solutions’ stock hit the upper circuit?
The company’s stock surged 2% to hit the upper circuit after securing a ₹300+ Crore EPC turnkey contract for a 128MWp solar power project, which is larger than its market capitalization.
2. What is the significance of the ₹300+ Crore order?
This order significantly boosts GP Eco Solutions’ revenue and reinforces its position in India’s renewable energy sector. The project will be executed in modular phases over 18-24 months.
3. What are GP Eco Solutions’ financial highlights?
In H1FY25, the company reported:
- Revenue growth of 88% (₹83.31 Crore vs. ₹44.28 Crore in H1FY24)
- Net profit growth of 475% (₹4.89 Crore vs. ₹0.85 Crore in H1FY24)
4. What is GP Eco Solutions’ investment plan in Madhya Pradesh?
The company plans to invest ₹1,000 Crore by FY 2028 to develop solar power infrastructure, including a 5GW solar panel and 2GW solar cell manufacturing unit.
5. What other recent orders has GP Eco Solutions received?
Apart from the ₹300+ Crore EPC contract, the company secured an order for 200MW+ of solar inverters in February 2025, set for completion by March 2025.
6. What does GP Eco Solutions specialize in?
The company focuses on:
- Distributing solar inverters and panels from brands like Sungrow, Saatvik, and LONGi
- Providing EPC services for solar projects
- Operating its own brand, “Invergy”, for hybrid solar inverters and LFP batteries
7. How will the new order impact GP Eco Solutions’ growth?
This large-scale order will significantly boost revenue, enhance the company’s market presence, and attract more institutional investors. The successful execution of the project will further strengthen its credibility in the renewable energy sector.
With its strong financials, ambitious expansion plans, and growing project pipeline, GP Eco Solutions is set to play a pivotal role in India’s transition to clean energy.
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Disclaimer: This blog post is for informational purposes only and should not be considered financial advice. Investors should conduct thorough research and consult with a qualified financial advisor before making any investment decisions.