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

Insolation Energy announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 13 November 2024 .Powered by Capital Market - Live

The Board of Insolation Energy will meet on 15 October 2024 to consider proposal for raising of funds by issuance of equity shares by way of a preferential issue in one or more tranches. Powered by Capital Market - Live

Insolation Energy will hold a meeting of the Board of Directors of the Company on 15 October 2024Powered by Capital Market - Live