Zodiac Energy Hits Upper Circuit After Securing First International Rooftop Solar Order

Zodiac Energy Limited, a leading player in the renewable energy sector, has announced its first international rooftop solar order. The project is based in Kitwe, Zambia, and involves designing, engineering, supplying, installing, testing, and commissioning a 2 MWp grid-tied rooftop solar system with a battery energy storage system (BESS).

This turnkey project has been awarded by M/s Strongpak Limited, with a contract value of USD 720,626. The project is expected to be completed by February 28, 2025.

A Key Milestone in Zodiac’s Growth Story

The order marks a significant milestone for Zodiac Energy as it ventures into the international market for rooftop solar systems. This project not only highlights the company’s expertise in renewable energy solutions but also establishes its presence in Africa, a region with immense potential for solar energy development.

The addition of a battery energy storage system further reflects the company’s ability to deliver advanced and sustainable energy solutions, ensuring uninterrupted power supply in remote areas.

Share Price Hits Upper Circuit 

Following the announcement, Zodiac Energy’s share price witnessed a sharp jump of 5%, reaching ₹562.85 as of 10:55 AM on December 20, 2024 and getting locked in the upper circuit.

Details of the Project

• Location: Kitwe, Zambia
• Client: Strongpak Limited
• Scope: 2 MWp grid-tied rooftop solar system with BESS
• Project Value: USD 720,626
• Timeline: Completion by February 28, 2025

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.