Renewable energy stock jumps after securing order from Reliance Industries for power project

Synopsis: Winsol​‍​‌‍​‍‌​‍​‌‍​‍‌ Engineers is in focus after it secured a Letter of Intent for the first time by Reliance Industries for a renewable energy project worth Rs 8.35 crores

The shares of this company, engaged in the business of providing Wind & Solar Services, HV/EHV Operation Maintenance, and Commissioning of Wind Projects, are in focus after it secured a key contract from Reliance Industries. In this article, we will dive more into the details of this order.

With a market capitalisation of Rs 180 crore, the shares of Winsol Engineers Ltd reached a day high of Rs 156.20 per share, up 0.35 percent from its previous day’s closing price of Rs 155.65 per share. In the last one year, the stock has corrected by over 47 percent, as compared to NIFTY 50’s positive return of 6 percent.

About the Order

Winsol​‍​‌‍​‍‌​‍​‌‍​‍‌ Engineers Limited announced that it has received a Letter of Intent (LOI) from Reliance Industries Limited for a renewable energy initiative worth Rs 8.35 crore (excluding GST). It is a significant moment for the company because it is the first time they have received an order from Reliance, a top 10 highly valued and widely respected conglomerate in India.

The company said that this achievement is a reflection of their technical skills, strong implementation, and high-quality norms. The project extends Winsol’s order book and gives the company a valuable first step in building a high-level client relationship. The work will be executed within four months, and the payments will be made in stages, such as material supply, foundations, erection, commissioning, and delivery of spares.

Winsol is of the opinion that this strategic order will be instrumental in broadening the company’s client base, gaining more visibility in the renewable and transmission sectors, and opening up opportunities for long-term collaboration with Reliance. The management regards this occurrence as a big move towards sustained growth in a rapidly expanding energy infrastructure market segment. ​‍​‌‍​‍‌​‍​‌‍​‍‌

Financial and Other Highlights

Winsol Engineers’ revenue for H1 FY26 came in at Rs 66 crore, up by 58 percent from Rs 41.82 crore in H1 FY25. However, on a sequential basis, revenue declined by 5 percent from Rs 69.60 crore in the second half of FY25. 

Coming to its profitability, the company reported a net profit growth of 15 percent to  Rs 6.96 crore in H1 FY26 as compared to Rs 6.05 crore in H1 FY25. Additionally, it recorded a growth of 21 percent from Rs 5.74 crore in the second half of FY25.

Winsol Engineers Limited is a company that handles the full setup of wind and solar power projects. It provides Balance of Plant (BoP) solutions, which include work like laying foundations, building and wiring substations, setting up cables, and getting land access. The company also takes care of plant operations and maintenance. It has worked on turnkey projects for big clients like Suzlon, Adani Green Energy, Powerica, and KP Energy.

Written by Satyajeet Mukherjee

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