Winsol Engineers is poised for attention as it has clinched a substantial new service order from Adani Green Energy. This announcement highlights the company’s ongoing commitment to expanding its footprint in the engineering and construction sector, particularly within the renewable energy landscape. The order, valued at over ₹2.2 crore, signifies a promising development for the firm, which is listed on the NSE Emerge, a platform catering to small and medium-sized enterprises.
New Service Order from Adani Green Energy
Winsol Engineers, known for its expertise in engineering, procurement, construction, and commissioning (EPCC) services, revealed in a recent regulatory filing that it has secured a service order dated March 29. This contract includes a range of responsibilities such as:
- Receipt of materials
- Unloading and storage
- Erection, testing, and commissioning of a complete line
- Civil works on a Bill of Quantities (BOQ) basis
The project involves establishing seven towers of a 400KV Transmission Line near KPS-01 for the connection from PSS-03 to PSS-13 at Khavda, Gujarat. The company noted that this contract is expected to enhance its customer base and play a crucial role in driving business growth.
Recent Developments and Orders
In addition to the recent contract with Adani Green Energy, Winsol Engineers has also secured two incremental Purchase Orders and two Work Orders from the Sembcorp Group, totaling approximately ₹2.71 crore for the supply of VG 64 and related services. Consequently, the cumulative value of the orders now stands at ₹11.01 crore.
Winsol Engineers: Company Overview
Winsol Engineers Ltd specializes in providing integrated solutions for Balance of Plant (BoP) operations in both wind and solar energy sectors. The company boasts a presence in over nine states across India, making it a significant player in the renewable energy arena.
Recent Stock Performance
Despite the recent contract wins, Winsol Engineers’ share price has faced challenges. The stocks have seen an 11% decline over the past month and a staggering 40% drop in three months. Year-to-date, the shares have plummeted by over 37%.
Notably, Winsol Engineers made an impressive debut on the stock market on May 14, 2024, with shares listed at ₹365, reflecting a remarkable 386% premium compared to the issue price of ₹75. Following this strong start, the shares reached a 52-week high of ₹592.00 on June 18, 2024, before experiencing significant selling pressure, leading to a 52-week low of ₹162.00 on March 17, 2025. Currently, the stock trades well below its listing price but remains significantly above its initial issue price.
As of the last trading session, Winsol Engineers shares closed at ₹171.50, marking a 3.71% decrease on the NSE SME.
Conclusion
With a growing order book and strategic contracts, Winsol Engineers is positioned to navigate its current challenges and leverage opportunities in the renewable energy sector. Investors and market watchers will keenly observe how these developments impact the company’s stock performance in the upcoming months.
For further insights and updates on stock market trends, consider exploring additional resources on renewable energy investments.
