Zodiac Energy Limited Secures ₹5.45 Cr Solar Plant Contract in Gujarat
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Zodiac Energy Limited secured a ₹5.45 Cr EPC contract to build a 1.87 MWp solar plant in Rajkot, Gujarat, adding modest revenue over the next six months.
- Direct revenue of ₹5.45 Cr (exclusive of GST) will be recognized as milestones are met, a modest boost to annual turnover with no effect on debt covenants or capital structure.
- Project delivery is slated for 6 months; Zodiac’s prior EPC experience makes the timeline risk low.
- The order expands Zodiac’s pipeline in Gujarat—a key solar hub—and aligns with the Gujarat Renewable Power Policy 2024.
- Contract is with a confidential domestic, non‑listed client; no related‑party or promoter involvement, keeping compliance simple.
- Investor outlook stays moderately positive (score 7/10), reflecting incremental revenue but limited short‑term earnings impact.
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