Shares of Ahasolar Technologies Ltd rallied 4% on 16 February after the company announced receiving an order from the Gujarat Government.

In its regulatory filing, the company said that they had received a work order for the Detail Project Report(DPR) and Detailed Feasibility Report(DFR) of a Solar Park for a Ground Mounted Solar Photovoltaic grid-connected power plant project that will have a 500 megawatt capacity, which will be constructed in the Harshad district, Banaskantha, Gujarat from Gujarat State Electricity Corporation Limited (GSECL).

The project is for a total consideration of Rs 25 lakhs and has to be executed in a period of 19 months.

On 9 February, the company received a work order from PGVCL (Gujarat) and Indore (Madhya Pradesh) DISCOM for Data Collection for Distributed Solar connected to the Distribution Grid for Pilot Demonstration and Design of Framework for the National Registry for a total consideration of Rs 25 lakhs.

According to the latest shareholding patterns, the promoters have 36.95% of stakes in the company, while the remaining 63.04% of shares are held by retail investors.

The company was established in 2017 and has its headquarters located in Gujarat. They are a renewable energy technology company that specialises in solar energy solutions.

At 3:30 pm, the shares of Ahasolar Technologies closed 0.56% higher at Rs 450 on NSE.