By PTI | New Delhi
Insolation Energy on Tuesday said its arm Insolation Green Energy Pvt Ltd has secured orders worth Rs 516.05 crore for the supply of Solar PV Modules.
According to a regulatory filing, Insolation Green Energy, a wholly owned subsidiary of the company, has been awarded a purchase order aggregating to Rs 357 crore, for the supply of Solar PV Module N Type Topcon by a ‘well-known’ IPP (independent power producer).
It further stated that Insolation Green Energy has also been awarded a purchase order aggregating to Rs 159.05 crore, for the supply of Solar PV Modules by various companies for their projects under the PM KUSUM scheme at multiple locations in Andhra Pradesh.
The combined addition to the company’s revenue from these two purchase orders will be Rs 516.05 crore, it stated.
Incorporated in 2015, Insolation Energy Ltd is is engaged in manufacturing of solar panels and modules of high efficiency of various sizes as per demand in the market from its fully automatic a state-of-the-art 200 MW (Rated Installed Capacity) SPV Module manufacturing unit.
Located in Jaipur, Rajasthan, the unit is spread in more than 1,90,000 sq. ft. area with latest machinery and stringent quality assurance process which delivers quality solar PV module.
In addition to the manufacture of solar PV modules, the company also trades in Solar Power Conditioning Unit (PCU) which uses solar energy and power from the grid to charge batteries and tall tabular Lead Acid Batteries which are used to store energy generated from the solar panels.
It is an integrated solar energy solutions provider offering engineering, procurement and construction (EPC) services to their customers.
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