Shares of the Supreme Renewable Power System on Monday will be in focus. The company has bought 27 % stake in PV module manufacturing company Rhine Solar Limited. For this, the company has paid Rs 12.15 crore. As you can tell, at the time of the market closed on Friday, the stock closed at Rs 138.79, up 3.23 per cent in the NSE.
Rhine Solar LTD is a Delhi -based company. The Supreme Renewable Power System has purchased 950106 shares of Rhine Solar LTD. For this, the company has paid Rs. At the rate of 127.88, Rs. 121499555.28 has been paid. The process of editing will be completed in 90 days.
The company works in solar panels, solar lamps, solar lights, solar cookers, solar home lights, solar street lines, solar water irrigation systems. The company’s turnover during the financial year 2025 was Rs 82.41 crore. At the same time, the company’s turnover in FY 2024 was Rs 60.01 crore. Rine Solar Limited’s production capacity is 100 MW. The company has been trying to increase it to 600 MW by next year.
In the last one month, the company has given a 10 percent return. However, even after this, the stock price of investors who hold the company for 6 months has dropped by 14 %. As you can tell, in the last one year, the stock price of Sarvotech Renewable Energy Limited has increased by 56 %.
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