Business Update9 Apr 2024, 10:37 pm
Insolation Energy Ltd Announces Consolidated Unaudited Revenue of INR 738.80 Crores for FY 2023-24, a 164% Increase
AI Summary
Insolation Energy Ltd has reported a significant business growth, with a consolidated unaudited revenue of INR 738.80 crores for the Financial Year 2023-24. This represents an approximately 164% increase compared to the previous year's consolidated revenue of INR 280 crores. The company attributes this achievement to the support of its stakeholders and its commitment to sustainable energy solutions. Insolation Energy aims to double its consolidated revenue by FY 2025, and plans to expand its solar panel manufacturing capacity to 3000 MW and aluminium frame manufacturing to 6000 metric ton per annum.
Key Highlights
- Insolation Energy reported a consolidated unaudited revenue of INR 738.80 crores for FY 2023-24.
- This is a 164% increase compared to the previous year's consolidated revenue of INR 280 crores.
- The company plans to double its consolidated revenue by FY 2025.
- Insolation Energy aims to expand its solar panel manufacturing capacity to 3000 MW.
- Aluminium frame manufacturing capacity will be expanded to 6000 metric ton per annum.