Gujarat Inject Expands to Renewables, Secures ₹4.86 Cr Solar Order
Gujarat Inject (Kerala) Limited is strategically pivoting to renewable energy, marked by an Investment Sale Agreement with Soleos Energy Limited and shareholder approval to engage in electricity generation, BESS, and EV charging infrastructure. The company has secured a ₹4.86 crore solar module supply order from Zentaraa Infra Projects Private Limited. Financially, for FY 2025–26, total revenue nearly doubled to ₹3,632.04 lacs (₹36.32 Crore) from ₹1,904.58 lacs (₹19.05 Crore) in the prior year, with Profit After Tax (PAT) surging to ₹181.41 lacs (₹1.81 Crore) from ₹101.72 lacs (₹1.02 Crore). The company recognized ₹2,076.45 lacs (₹20.76 Crore) as Capital Work in Progress for its solar project, though no operational revenue was generated from it in FY 2025–26.
Key Highlights
- Company is expanding into renewable energy, including solar and BESS.
- Secured a ₹4.86 crore order for solar module supply.
- Revenue nearly doubled to ₹3,632.04 lacs in FY 2025–26.
- PAT surged to ₹181.41 lacs in FY 2025–26.
- Recognized ₹2,076.45 lacs as CWIP for solar project.
Price Impact
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