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GP Eco Solutions Soars After Winning ₹121-Crore Solar Project Order

2025-07-15

GP Eco Solutions India witnessed a sharp rise in its stock price, hitting the 5% upper circuit at ₹541.80, following the announcement of a major new project. The company revealed through a stock exchange filing that it had secured an engineering, procurement, and construction (EPC) contract valued at ₹121.29 crore for a solar power project.

The contract was awarded by Welkin Renewable India and involves the development of a ground-mounted, grid-connected solar power plant with a total capacity of 24 MWac / 31.67 MWdc. The project, which will be implemented in Punjab, is set to be executed under the Open Access Captive Metering Arrangement and is expected to be commissioned by March 31, 2026.

GP Eco Solutions stated that it would deliver end-to-end EPC services under the agreement. This includes engineering, design, procurement, supply, installation, erection, testing, commissioning, and the final handover of the facility. The company also clarified that the transaction is entirely independent, with no involvement from related parties. It emphasized that neither the promoters nor any promoter group or associated entities have any financial or other interest in the client awarding the contract.

The company, which is mainly engaged in the manufacturing of solar plants and the trading of electrical goods and related components, considered this contract a significant addition to its project portfolio. The order is expected to boost the firm’s presence in the renewable energy sector while contributing to India’s push for greater adoption of clean energy solutions.

News source: Business Standard