A promising player in the renewable energy sector has made headlines with massive new orders that exceed its market capitalization, making it a compelling stock for investors to monitor. The company has recently signed a ₹1,300 crore MoU with the Government of Madhya Pradesh and secured a significant contract for grid-connected solar power plants
Teerth Gopicon Limited (TGL) has made headlines with massive new orders that exceed its market capitalization, making it a compelling stock for investors to monitor. The company’s recent achievements include a ₹1,500 crore MoU with the Government of Madhya Pradesh and a significant contract from Jaipur Vidyut Vitaran Nigam Limited (JVVNL).
Big Moves in the Renewable Energy Sector
₹1,500 Crore MoU with the Government of Madhya Pradesh
During the Global Investor Summit 2025 in Bhopal, TGL signed a Memorandum of Understanding (MoU) with the New and Renewable Energy Department of Madhya Pradesh.
- The company aims to invest ₹1,500 crore in setting up a 3 GW Topcon Solar Module Manufacturing and 3 GW Solar Cell Manufacturing facility in the state.
- This ambitious 3 GW + 3 GW project aligns with India's renewable energy push and solidifies TGL’s position in the solar energy sector.
Order from Jaipur Vidyut Vitaran Nigam Limited (JVVNL)
TGL has also received a Letter of Intent from JVVNL for designing, supplying, installing, and maintaining grid-connected solar power plants with a total capacity of 6.89 MW under the PM-KUSUM Scheme.
Project Details
- Execution Timeline: 9 months from the work order issuance
- O&M Period: 25 years
- Locations: Samrai (2.00 MW), Nipaniya Uda (1.99 MW), Ralayti (1.91 MW), and Brijnagar (0.99 MW) in the Jhalawar and Baran circles
- Additional Scope: Includes 11 kV lines to connect the plants to 33/11 kV substations and a Remote Monitoring System (RMS)
Stock Performance & Market Trends
Following these developments, TGL shares hit a 5% upper circuit, rising to ₹364.85 per share from the previous close of ₹347.50.
- 52-Week High: ₹774 per share
- 52-Week Low: ₹123 per share
- Market Cap: The new orders exceed the company's market capitalization, highlighting strong growth potential.
Should Investors Watch This Stock?
With a massive ₹1,500 crore investment plan and long-term solar projects, TGL is well-positioned in India’s fast-growing renewable energy sector. While high volatility remains a factor, its strong order book and government-backed contracts make it an attractive high-risk, high-reward stock.
For investors looking at long-term growth in solar energy, Teerth Gopicon Limited (TGL) is a stock worth watching!
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