Urja Global’s share price (NSE: URJA) jumped 10% to ₹13.52 on the BSE after the company announced a joint venture with Solarmint Energies. Around 9:24 AM, the stock was still trading strong at ₹13.03, even as the Sensex slipped slightly. The company’s market value now stands at ₹684.67 crore. Its 52-week range fluctuates between a low of ₹10.71 and a high of ₹19.45.

What Triggered the Urja Global Share Price Rally?

The sharp rise came after Urja Global signed a Joint Venture Agreement on November 20, 2025, with Solarmint Energies. Under this partnership, both companies will work together to manufacture, brand, market, and distribute solar PV modules under the Urja brand. Solarmint will bring its manufacturing expertise, while Urja Global will handle marketing, sales, and nationwide distribution.

Key Terms of the Agreement

• Solarmint will manufacture Urja-branded solar panels.
• Urja Global will market and distribute them across India.
• Pricing will follow a cost-plus-profit structure.
• The agreement is valid for 3 years and can be renewed.
• The JV will not change the company’s management or control.

Urja Global Financial Performance in Q2 FY26

In Q2, Urja Global posted a net profit of ₹0.415 crore, improving from ₹0.35 crore last year. However, revenue dropped to ₹15.49 crore from ₹19.49 crore. The company managed to lower its total expenses to ₹15.11 crore, compared to ₹19.41 crore a year earlier.

Also Read: OIL India, NEEPCO Sign 15-Year Gas Supply Agreement!

About Urja Global

Urja Global is a renewable energy company involved in designing, supplying, installing, and maintaining both off-grid and grid-connected solar power plants. Apart from renewable energy, it also operates in IT & ITES, tours and travels, and education. With strong design and manufacturing capabilities, the company produces a wide range of solar energy systems to meet diverse customer needs.

Conclusion

Urja Global’s new joint venture with Solarmint Energies has boosted investor confidence, reflecting the company’s strategy to strengthen its solar manufacturing and distribution network. If executed well, the partnership may support long-term growth in India’s expanding renewable energy market.

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