Zodiac Energy bags order from Ahmedabad Municipal Corp

On May 22, 1992, in Ahmedabad, our company was first incorporated as “Zodiac Genset Private Limited” in accordance with the Companies Act, 1956. The Registrar of Companies, Gujarat, Dadra, and Nagar Haveli, Ahmedabad, issued the Certificate of Incorporation. After our company changed its name to “Zodiac Energy Private Limited” on April 30, 2007, the Registrar of Companies, Gujarat, Dadra, and Nagar Haveli, Ahmedabad, issued a new Certificate of Incorporation. As a result, on August 29, 2017, the Registrar of Companies, Gujarat Dadra and Nagar Haveli, Ahmedabad, issued a new Certificate of Incorporation, changing the name of our company to “Zodiac Energy Limited” upon its conversion to a public limited company. Many well-known customers, including Sun-Edison India Limited, Adani Group, Torrent Power Limited, Gujarat Energy Development Agency, Reserve Bank of India, Directorate of Lighthouse and Lightships Government of India (GOI), and Indian Oil Corporation Limited, to mention a few, have had solar power plants installed by our company. Having installed more than 300 MW of solar power, the company has provided services to over 15,000 clients.

Zodiac Energy got the project from AMC:

The Ahmedabad Municipal Corporation (AMC) has placed an order with Zodiac Energy for the design, supply, installation, testing, and commissioning of 30 MW grid-connected ground-mounted solar projects in the state of Gujarat, according to an exchange filing. For a total estimated value of Rs 154.27 crore, this covers installation, operation, maintenance, and leasing/sublease for a period of five years. The order needs to be finished in eighteen months.

Rollar coster ride from Zodiac Energy to investors:

The stock of Zodiac Energy has dropped by 9% in one week, 10% in two, 14% in one month, and 28% in three. Those who have kept it for the Zodiac Energy are losing money for their short-term goals. Nonetheless, the stock has increased by 164% this year and by 34% in the previous six months. In the past year, the stock has returned 311%, and in the past two years, it has returned 267%. For most investors who have held the stock for more than a year, Zodiac Energy is the multibagger.

Zodiac Energy Ltd.’s stock closes above the daily range:

Zodiac Energy Ltd.’s stock is up 5% today at Rs. 575.80 and is hitting the upper circuit as a result of Ahmedabad Municipal Corporation’s most recent contract, which is for Rs. 154.27 crore.

Conclusion: Zodiac Energy Ltd. has secured a solar project from AMC, and since this is a highly sought-after industry, the company has a bright future if it is able to secure more projects in the near future.

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.