Ahasolar Technologies surges on securing contract to develop digital ecosystem

Ahasolar Technologies is currently trading at Rs. 356.05, up by 6.05 points or 1.73% from its previous closing of Rs. 350.00 on the BSE.

The scrip opened at Rs. 367.50 and has touched a high and low of Rs. 367.50 and Rs. 356.05 respectively. So far 7600 shares were traded on the counter.

The BSE group 'M' stock of face value Rs. 10 has touched a 52 week high of Rs. 657.75 on 05-Mar-2024 and a 52 week low of Rs. 207.00 on 06-Dec-2023.

Last one week high and low of the scrip stood at Rs. 367.50 and Rs. 332.00 respectively. The current market cap of the company is Rs. 110.36 crore.

The promoters holding in the company stood at 36.95%, while Non-Institutions held 63.05% in the company. 

Ahasolar Technologies has secured the prestigious contract to develop the digital ecosystem and to contribute to the technological deployment of the World's Biggest Rooftop program of Govt of India for the PM Surya Ghar: Muft Bijli Yojana with the order slated for execution by March 2025. 

This transformative project, designed to solarize 1 crore households across India, will be implemented by REC, a National Programme Implementation Agency appointed by Ministry of New and Renewable Energy, Govt. of India and will facilitate the country’s transition to green energy by providing millions of citizens with access to clean, affordable power.  Having actively engaged with and supported various government nodal agencies in this regard, to meaningfully contribute to the cause.

AHAsolar will develop a digital ecosystem. This portal will serve as the foundation for implementing the PM Surya Ghar: Muft Bijli Yojana, providing a seamless, integrated experience for residential prosumers. Fully connected with State DISCOM portals, it will manage key processes such as net metering, load sanctions, and inspections, ensuring a smooth, harmonized journey for consumers at every stage of their rooftop solar installations. Beyond implementation, the National Portal will act as a public platform, enabling applications, financial intermediaries, e-commerce platforms, vendors, manufacturers, service providers with the national Portal. This will create a broader ecosystem of services available to citizens, including e?icient subsidy management at the national level. 

Ahasolar Technologies is engaged in the business of CleanTech enabling Energy Transition through Digital Transformation and henceforth empowering stakeholders to adopt renewable energy.