The Board of Insolation Green Energy (a wholly owned subsidiary of Insolation Energy) has approved the proposal received from the Government of Madhya Pradesh, as outlined in their Letter of Intent (LOI) dated 07 December 2024. The proposal pertains to the allotment of 45 acres (approximately 1,82,108.5 square meters) of land located in the Madhya Pradesh Zone for Power and Renewable Energy Equipment at Mohasa, Babai, District Narmadapuram. The land is intended for the establishment of a manufacturing unit for Solar PV Modules, Solar Cells, and Aluminum Frames. The allotment comes with various special benefits/concessions and major once are stated as under: 1 Land Allotment - One time Lease Premium of Rs.1 /- Sq. Mtr 2. Annual Lease rent and development Charges - Rs. 21/- per Sq. Mtr 3 Capital Incentive Subsidy Capex Subsidy - up to 40% 4 Employment Subsidy - Capital Subsidy on employment generation and export as per MP Government industrial policy 5 Electricity Benefits - Provision of electricity at fixed rate of Rs.4.36 per Unit 6 Water Benefits - Provision of water Supply at fixed rate of Rs.25/KL This initiative aligns with the Company's strategic aspirations of achieving a $1 billion revenue target. The proposed fourth manufacturing facility, with a capacity of: - 3 GW for Solar Cell Manufacturing - 4 GW for Solar Module Manufacturing - 24,000 MT for Aluminum Frame Manufacturing, will be executed in two phases. This expansion will significantly bolster the Company's presence and capabilities in renewable energy manufacturing. The Company plans to invest approximately Rs 1,800 crore in this project. Upon completion, this facility is expected to generate over 1,600 direct and indirect employment opportunities, thereby contributing to regional development and the renewable energy sector's growth. This will be our fourth manufacturing facility in the group and first outside Rajasthan. The company has recently completed Preferential allotment of Rs. 400 Crore and work of setting up of company third manufacturing facility is under full swings to enhance the Solar Module manufacturing capacity from 1 GW to 4 GW by April, 2025 and Aluminum frame manufacturing facility 12000 MT.Powered by Capital Market - Live

The MoU entails solar power generation (IPP), components manufacturing, EPC projects, and parks in state of Rajasthan. Insolation Energy is engaged in the business of manufacturing solar panels and modules of high efficiency of various sizes. The company's consolidated net profit zoomed 307.65% to Rs 61.27 crore on 119.83% increased in reveneue from operations to Rs 612.02 crore in Q2 FY25 over Q2 FY24.Powered by Capital Market - Live

Insolation Energy announced that Insolation Green Energy has been awarded a purchase order valued at Rs 71.40 crore for supply of solar PV modules by ACME Cleantech Solutions. Powered by Capital Market - Live

Insolation Energy announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 5 December 2024 .Powered by Capital Market - Live

Insolation Energy will hold a meeting of the Board of Directors of the Company on 5 November 2024Powered by Capital Market - Live

Insolation Energy will hold a meeting of the Board of Directors of the Company on 7 November 2024Powered by Capital Market - Live

The key equity indices continued to trade with moderate losses in mid-afternoon trade. The Nifty traded below the 24,400 level. Private Bank shares declined after advancing in the past two trading session. At 14:30 IST, the barometer index, the S&P BSE Sensex slipped 430.04 points or 0.54% to 79,938.99. The Nifty 50 index fell 109.45 points or 0.45% to 24,357.45. The broader market outperformed the benchmark indices. The S&P BSE Mid-Cap index rose 0.23% and the S&P BSE Small-Cap index jumped 1.52%. The market breadth was strong. On the BSE, 2,844 shares rose and 995 shares fell. A total of 98 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, advanced 7.42% to 15.59. Economy: The Indian diaspora's confidence in the Indian economy has soared, as evidenced by the significant increase in Non-Resident Indian (NRI) deposits. According to the Reserve Bank of India's (RBI) latest monthly bulletin, inflows into NRI deposit schemes surged to $7.82 billion in the period of April-August 2024, more than double the $3.74 billion recorded in the same period last year. Both dollar-denominated (FCNR(B)) and rupee-denominated (NRE(RA)) deposits witnessed substantial growth. Among the various NRI deposit schemes, Foreign Currency Non-Resident (FCNR) deposits witnessed the highest inflow, attracting $3.47 billion during the period, compared to $1.55 billion in the corresponding period a year ago. These deposits, denominated in foreign currencies, offer security against currency fluctuations and provide attractive returns. Non-Resident External (NRE) deposits, which are rupee-denominated accounts, also saw a significant increase, with inflows of $2.51 billion during this period, compared to an inflow of $868 million in the corresponding period a year ago. Non-Resident Ordinary (NRO) deposits, which are also rupee-denominated, also saw inflows worth $1.84 billion from April-August, 2024, compared to $1.32 billion during the same period a year ago. This surge can be attributed to factors such as attractive returns in Indian markets, strong economic fundamentals, and a more stable domestic monetary policy environment compared to many global economies. With total outstanding NRI deposits reaching $158.94 billion as of August 2024, the Indian diaspora's continued trust in the country's economic prospects is evident. Buzzing Index: The Nifty Private Bank index fell 0.89% to 25,393. The index added 0.62% in the past two trading sessions. Axis Bank (down 1.53%), HDFC Bank (down 1.38%), ICICI Bank (down 1.33%), Kotak Mahindra Bank (down 1%) and Bandhan Bank (down 0.71%), City Union Bank (down 0.64%) declined. On the other hand, IndusInd Bank (up 2.76%), IDFC First Bank (up 2.49%) and Federal Bank (up 1.84%) added. Numbers to Track: The yield on India's 10-year benchmark federal paper advanced 1.55% to 6.953 as compared with previous close 6.961. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 84.0825, compared with its close of 84.0550 during the previous trading session. MCX Gold futures for 5 December 2024 settlement rose 0.44% to Rs 79,580. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.20% to 104.11. The United States 10-year bond yield declined 0.89% to 4.237. In the commodities market, Brent crude for November 2024 settlement added 85 cents or 1.20% to $71.97 a barrel. Stocks in spotlight: Insolation Energy surged 7.80% after the company announced that it has been awarded a contract worth Rs 500.50 crore by the Rajasthan Renewable Energy Corporation (RREC). Larsen & Toubro rose 0.71%. The company's Power Transmission & Distribution (PT&D) vertical won new 'major' orders in the Middle-East and Africa for expanding and strengthening the electricity grids at high-voltage levels. Powered by Capital Market - Live

The contract is for design, supply, erection, testing and commissioning including comprehensive operation and maintenance (O&M) for 25 years from the date of commissioning of rooftop solar (RTS) photovoltaic power projects on state government buildings/state government undertakings buildings in Rajasthan under hybrid annuity mode (HAM) for Ajmer, Jaipur and Kota Circle/Districts. This milestone contract for Rs 500.50 crore coupled with Rs 208.32 crore order from Zetwerk Manufacturing Business Private Limited represents a major leap in our performance, driven by our ability to consistently deliver results by back-to-back orders. These orders combined value of Rs 708.82 crore exceeds our entire sales of H1 FY 2024-25,' the company said in a statement. Insolation Energy is engaged in the business of manufacturing solar panels and modules of high efficiency of various sizes. The company's consolidated net profit surged 419.4% to Rs 55.47 crore on 163.9% jump in net sales to Rs 737.17 crore in FY24 over FY23. Powered by Capital Market - Live

Insolation Energy announced that its wholly owned subsidiary, Insolation Green Energy has been awarded purchase order for the supply of Solar PV Modules at NTPC Khavada Gujarat Site by Zetwerk Manufacturing Business. The value of the contract is Rs 208.31 crore. Powered by Capital Market - Live

The order entails supply of 550 WP SPV modules. The project is to be executed within fiscal year 2024-25. The size of contract is Rs 208,31,97,917. Insolation Energy is engaged in the business of manufacturing solar panels and modules of high efficiency of various sizes. The company's consolidated net profit surged 419.4% to Rs 55.47 crore on 163.9% jump in net sales to Rs 737.17 crore in FY24 over FY23. Powered by Capital Market - Live