Gujarat Inject wins Rs. 14.49 crore solar order from Deon Energy

1 min read     Updated on 15 Jun 2026, 10:03 AM
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Gujarat Inject Kerala Limited secured a Rs. 14.49 crore order from Deon Energy for 16,129 Solar PV Modules, bolstering its renewable energy portfolio. The company reported a 91% YoY revenue increase to Rs. 36.32 crore and a 78% rise in net profit to Rs. 1.81 crore in FY26. Q4FY26 revenue surged to Rs. 30.70 crore, with net profit reaching Rs. 1.64 crore. The company is also rebranding to Regenova Renewtech Limited.

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gujarat inject Kerala Limited has secured a purchase order worth Rs. 14.49 crore from Deon Energy Limited for the supply of 16,129 Solar PV Modules of 620 WP capacity. This order strengthens the company's presence in the renewable energy sector and supports its strategic expansion into India's solar infrastructure market. The contract comes as the company reported robust financial growth, with revenue nearly doubling in FY26.

The latest order follows a series of Solar PV Module contracts secured from customers including Earthwave Technology, Perfect Renewtech and Surja Infra. With the addition of the Deon Energy order, the company continues to build a strong order pipeline. The order win comes on the back of a strong financial performance delivered during FY26, where revenue from operations increased 91% year-on-year.

Financial Performance FY26

Gujarat Inject Kerala Limited reported significant growth in financial metrics for the fiscal year ended March 31, 2026. Revenue from operations rose to Rs. 36.32 crore from Rs. 19.05 crore in the previous year. Net Profit for the year increased to Rs. 1.81 crore from Rs. 1.02 crore, reflecting a growth of 78%.

Metric FY26 FY25
Revenue from operations Rs. 36.32 crore Rs. 19.05 crore
Net Profit Rs. 1.81 crore Rs. 1.02 crore
Profit Before Tax Rs. 2.50 crore Rs. 1.25 crore
Earnings Per Share Rs. 1.24 Rs. 0.70

The company delivered an exceptional performance during Q4FY26 as well. Revenue from operations for the quarter surged to Rs. 30.70 crore from Rs. 4.24 crore in Q4FY25. Profit after tax for Q4FY26 rose sharply to Rs. 1.64 crore compared to Rs. 0.07 crore reported in the corresponding quarter last year.

Strategic Expansion

The company's strategic diversification into Solar PV Modules and renewable energy-related operations has emerged as a key growth driver. India's renewable energy sector continues to witness robust policy support and increasing investments. As part of its ongoing business transformation, the company recently received approval for the proposed change of name to Regenova Renewtech Limited.

Commenting on the development, Mr. Deepak Diwan Bachwani, Executive Director, Gujarat Inject Kerala Limited, said the order reflects growing customer confidence in the company's capabilities. He added that the focus remains on timely execution and expanding participation across the solar ecosystem while creating sustainable value for stakeholders.

Historical Stock Returns for Gujarat Inject

1 Day5 Days1 Month6 Months1 Year5 Years
-4.33%+0.82%+14.64%+244.06%+345.06%+4,716.87%

How will the proposed name change to Regenova Renewtech Limited impact the company's brand identity and market perception in the renewable energy sector?

What are the company's capacity expansion plans to meet the rising demand from its growing order pipeline?

How will the recent surge in Q4 revenue influence the company's capital allocation strategy for the upcoming fiscal year?

Gujarat Inject Kerala secures Rs 1.07 crore solar module order

1 min read     Updated on 08 Jun 2026, 02:18 PM
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AI Summary

Gujarat Inject Kerala Limited received a purchase order from Ottire Lifestyle Private Limited for 1334 Solar PV Module 600WP units worth ₹1.07 crore. The order is to be executed by June 2026 and involves arranging modules at required sites. The transaction is not a related party transaction and involves no promoter interest.

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Gujarat Inject Kerala Limited has secured a purchase order from Ottire Lifestyle Private Limited for the supply of solar modules. The order, valued at approximately ₹1.07 crore, involves the delivery of 1334 units of Solar PV Module 600WP. This contract is expected to be executed by June 2026.

The order was awarded by a domestic entity, and the significant terms require the arrangement of modules at required sites. There are no interests held by the promoter, promoter group, or group companies in Ottire Lifestyle Private Limited. Furthermore, the transaction does not fall under related party transactions.

The disclosure was made to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Murli Shivshankaran Nair, Whole Time Director, signed the filing on June 8, 2026.

Order Details

Particulars Details
Name of the entity awarding the contract Ottire Lifestyle Private Limited
Significant Terms & Conditions Arrange modules at as per required sites
Entity Type Domestic Entity
Time period for execution June 2026
Broad Consideration ₹1.07 Crores (exclusive of GST)
Promoter/Group Interest No
Related Party Transaction No

Historical Stock Returns for Gujarat Inject

1 Day5 Days1 Month6 Months1 Year5 Years
-4.33%+0.82%+14.64%+244.06%+345.06%+4,716.87%

How will this order impact Gujarat Inject Kerala Limited's revenue growth for the current fiscal year?

What are the potential margins on this contract given the competitive pricing in the solar module market?

Could this partnership with Ottire Lifestyle lead to further collaborations or larger orders in the future?

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1 Year Returns:+345.06%