Ganesh Green Bharat Ltd: Ganesh Green Bharat Ltd, a well-known company in the electrical engineering sector, has recently gained significant attention after securing a ₹75.43 crore contract for a solar water pumping system. This contract, awarded by Maharashtra State Electricity Distribution Company Ltd, marks another milestone in the company’s rapid expansion in the renewable energy sector.
This article explores the details of the new project, the company’s past achievements, its financial performance, and its growing market influence. With a strong track record in solar PV module manufacturing, electrical contracting, and water supply projects, the company continues to establish itself as a key player in India’s green energy movement.
Market Performance and Share Movement
Following the announcement of the latest contract, the stock of Ganesh Green Bharat Ltd saw an upward trend. The share price surged to an intraday high of ₹384 per share, reflecting a gain of nearly 2 percent. However, by 11:00 AM, the stock had stabilized at ₹378.50, slightly above its previous closing price of ₹377.35.
The company’s current market capitalization stands at ₹942.44 crore, which signals strong investor confidence. This consistent growth in stock value aligns with the company’s ability to secure high-value projects and execute them efficiently. The increasing demand for solar energy solutions and government support for renewable energy initiatives further contribute to the company’s strong market position.
Details of the Prestigious Order
According to an official statement dated March 7, 2025, the company confirmed receiving the Letter of Empanelment and Rate Contract from Maharashtra State Electricity Distribution Company Ltd. This project involves the complete design, manufacturing, supply, transportation, installation, testing, and commissioning of Off-Grid DC Solar Photovoltaic Water Pumping Systems across Maharashtra.
The project includes solar-powered pumps with capacities of 3 HP, 5 HP, and 7.5 HP. Additionally, the contract covers a comprehensive five-year warranty along with repair and maintenance services. This initiative is part of the Magel Tyala Saur Krushi Pump Scheme, which aims to promote sustainable irrigation solutions for farmers. By implementing this project, the company will contribute significantly to increasing solar energy adoption in the agricultural sector.
Expansion Through Previous Major Contracts
This new contract adds to the company’s growing list of major project wins. Earlier in January 2025, the company secured a work order from Solberry Energy Pvt Ltd in Gujarat for the supply of 50 MW of Solar PV Panel modules, a deal worth ₹78.79 crore.
In February 2025, it received another major order from NTPC Vidyut Vyapar Nigam Ltd. This project, valued at ₹33.03 crore, involves the development of 7131 KW Grid-Connected Rooftop Solar Projects at multiple locations under the Ministry of Home Affairs, Zone 1. These back-to-back contract wins showcase the company’s ability to execute large-scale solar projects while strengthening its market presence.
Impressive Financial Growth
Over the past year, the company has reported remarkable financial growth. Revenue from operations has surged by 135% year-on-year, increasing from ₹58.73 crore in H1FY24 to ₹137.83 crore in H1FY25. This impressive revenue growth reflects the company’s success in securing and executing high-value contracts.
Similarly, net profits saw a substantial rise of 92%, growing from ₹6.79 crore to ₹13.07 crore in the same period. These figures indicate strong financial stability and increasing profitability. The company’s consistent growth in the renewable energy sector demonstrates its ability to capitalize on government-backed solar energy initiatives and private sector demand.
Esteemed Clientele and Market Reach
Ganesh Green Bharat Ltd has built a strong reputation in the renewable energy space by working with some of the most prominent organizations in India. Its client list includes Rajasthan Renewable Energy Corporation Ltd, Gujarat Energy Development Agency, Ahmedabad Municipal Corporation, Jharkhand Renewable Energy Development Agency, Jaipur Vidhyut Vitaran Nigam Ltd, and Gujarat Industrial Development Corporation.
These long-term partnerships with government agencies and private enterprises underscore the company’s reliability and expertise in solar energy projects. By consistently delivering quality solutions, it has positioned itself as a trusted player in the industry.
A Closer Look at Ganesh Green Bharat Ltd
Specializing in electrical contracting services, the company has vast experience in the supply, installation, testing, and commissioning of solar and electrical systems. It has successfully completed numerous government-backed projects under schemes such as Saubhagya Scheme and KUSUM Scheme, which aim to enhance access to electricity and promote solar energy adoption.
With a robust infrastructure and skilled workforce, the company continues to expand its footprint in the solar sector. By securing and executing major projects, it is actively contributing to India’s clean energy transition.
Future Outlook and Growth Prospects
With a steady influx of large-scale projects, the company is well-positioned for sustained growth. Government policies favoring renewable energy, along with increasing awareness of solar power benefits, provide a strong foundation for its future expansion.
By leveraging its expertise in solar energy solutions and maintaining its track record of successful project execution, the company is expected to play a pivotal role in India’s renewable energy sector. As more initiatives for clean energy adoption emerge, it is likely to remain a key contributor to the country’s solar revolution.
FAQs
What is the latest order secured by Ganesh Green Bharat Ltd?
The company recently secured a ₹75.43 crore contract from Maharashtra State Electricity Distribution Company Ltd for the design, supply, and installation of Off-Grid DC Solar Photovoltaic Water Pumping Systems across Maharashtra under the Magel Tyala Saur Krushi Pump Scheme.
How has the stock of the company reacted to the new contract?
Following the announcement, the company’s stock price increased to ₹384 per share before stabilizing at ₹378.50, reflecting strong investor confidence in its growth potential.
What are some of the major past contracts secured by the company?
In January 2025, it secured a ₹78.79 crore contract from Solberry Energy Pvt Ltd for the supply of 50 MW Solar PV Panel modules. In February 2025, it received a ₹33.03 crore order from NTPC Vidyut Vyapar Nigam Ltd for rooftop solar projects.
What has been the financial growth of the company?
The company’s revenue increased by 135% year-on-year, from ₹58.73 crore in H1FY24 to ₹137.83 crore in H1FY25, while net profits rose by 92% to ₹13.07 crore in the same period.
What are the future growth prospects of Ganesh Green Bharat Ltd?
With a steady pipeline of large-scale solar projects and increasing government support for renewable energy, the company is poised for continued expansion and a strong position in India’s clean energy sector.
