Insolation Energy- Soaring Market Cap Delivers Stunning Returns

Jaipur-based Insolation Energy Limited ( INA Solar), riding on strong operating numbers and the current market fancy for green energy stocks, has raced to the first position by market capitalization on BSE SME & NSE EMERGE  platform.

With its existing market cap of well over Rs 3300 crores, Insolation Energy Limited (INA Solar), the noted solar panel manufacturing company has also secured 757th position amongst top 1000 companies in India…based on market capitalization on 31 March 2024. From an IPO price of Rs 38 to the current price of Rs 1600 approx. (during market hours), Insolation has delivered the kind of shareholder returns investors dream about.

Chairman Manish Gupta and MD Vikas Jain expressed gratitude to the company’s stakeholders for their support.

Manish Gupta highlighted that since its establishment in 2017, INA Solar has been instrumental in advancing India’s green energy objectives, particularly in Rajasthan. With over 300 dealers and distributors nationwide, the company has completed more than 500 projects, serving over 10,000 satisfied customers across 100 districts in India.

Vikas Jain outlined that the current manufacturing capacity is 950 MW of both the units in Jaipur with the company’s ambitious plans, including expanding its annual manufacturing capacity to 3000 MW and establishing a 1200 MW solar cell manufacturing unit on track. Additionally, INA Solar will introduce top con solar panels, ranging from 40 Wp to 600 Wp, to further enhance its product offerings. All products meet national and international standards, besides BIS/ALMM.

INA Solar has also found a ready market for its products in key solar integrated initiatives like the Jal Jeevan Mission, Kusum Residential RoofTop Solar, BSNL (telecom), and Solar Parks.

With his market expectations as seen by a soaring stock price, the company remains well positioned to meet those high expectations, thanks to the capacity expansions as well as its strong market reach and brand presence.