Solar stock jumps 3% after receiving LoE worth ₹35 Cr from MSEDCL

Synopsis:- A solar energy player saw its stock rise 3% after winning a ₹35.75-crore MSEDCL order, adding to a ₹320-crore order book. With revenue up 7%, profit up 25%, major 500 MW tender wins, and capacity headed to 1,600 MW, growth visibility remains strong.

The shares of the solar energy producer gained up to 3 percent in today’s trading session after the company received a Letter of Empanelment from Maharashtra State Electricity Distribution Co. Ltd. worth Rs 35.75 crore.

With a market capitalization of Rs 382 crore, the shares of Sahaj Solar were trading at Rs 174 per share, increasing around 0.46 percent as compared to the previous closing price of Rs 173.20 apiece.

Significant Order

The shares of Sahaj Solar have seen a positive movement after receiving a Letter of Empanelment, rate contract, and quantity allocation from MSEDCL under the PM-KUSUM B/Magel Tyala Saur Krushi Pump scheme. The company will design, supply, install, and commission off-grid solar water-pumping systems across Maharashtra with five-year maintenance support.

The project, valued at  Rs 35.75 crore, must be executed within 60 days of each Notice to Proceed, with all installations completed before March 2026. This fully domestic order strengthens Sahaj Solar’s presence in the agricultural renewable-energy segment, showcasing its growing role in solar-powered irrigation solutions.

Guidance & Order Book highlights

Sahaj Solar is scaling rapidly with a strong track record, 52% revenue CAGR, and 26% ROE. A robust  Rs 320 crore order book and over 50,000 solar pumps executed highlight execution strength. With capacity rising to 850 MW and expanding global projects, the company is positioned for meaningful growth in clean energy.

Sahaj Solar is gaining traction with key wins, including qualification for UPNEDA’s  500 MW rooftop tender and a bid for  5 MW, extendable in 5 MW blocks. It also secured two major orders: a   Rs 62.8 crore, 12 MW EPC project and a   Rs 57.34 crore PM-KUSUM B order for  2,185 solar pumps, boosting growth visibility.

Sahaj Solar projects strong momentum ahead, targeting 35–40% revenue CAGR and 12%+ EBITDA margins over the next three years. Growth will be driven by  Rs 300 crore worth of projects completing by FY26, capacity expansion from 100 MW to 1,600 MW by FY27, 750 MW ready by March 2026, and new technologies and government-backed solar programs.

Sahaj Solar is a fast-growing, vertically integrated renewable-energy company specialising in PV module manufacturing, solar water-pumping systems, and EPC solutions. With a strong 14-year track record, rising capacity, and expanding project portfolio, the company is positioning itself as a key player in India’s clean-energy transition and sustainable infrastructure growth.

Written by Abhishek Singh

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