Home / Business and Economy / Gujarat Inject Kerala Secures Rs 1 Crore Solar Order
Gujarat Inject Kerala Secures Rs 1 Crore Solar Order
8 Jun
Summary
- Company secured Rs 1.07 crore order for solar modules.
- Order execution is scheduled by June 2026.
- Company transitioned from pharma to trading, now solar.
Gujarat Inject Kerala's stock surged 5% after announcing a substantial purchase order valued at approximately Rs 1.07 crore. The order, received from Ottire Lifestyle, involves the supply of 1,334 units of 600Wp solar PV modules.
This significant deal is scheduled for execution by June 2026. The company has confirmed that this transaction does not involve related parties, with no interest from promoters or their group entities.
Originally established as a joint-sector venture for manufacturing intravenous fluids, Gujarat Inject Kerala has transformed its business model. It now primarily focuses on the trading of goods, having previously shifted from pharmaceutical production to textile trading.
Financially, the company reported robust performance in Q4 FY26, with a standalone net profit of Rs 1.64 crore, a significant increase from Rs 0.07 crore in the prior year's quarter. Revenue from operations also saw a dramatic rise of 624.1%, reaching Rs 30.70 crore.
