Mumbai: Gujarat Inject Kerala Limited, the medical equipment turned solar panel manufacturer, has announced the receipt of a new purchase order valued at ₹14.49 crore for the supply of Solar Photovoltaic (PV) modules to Deon Energy Limited. This new business win has helped the small-cap company strengthen its diversification into renewable manufacturing, as it aims to strengthen its order book after securing contracts from the likes of Surja Infra, Earthwave Technology and Perfect Renewtech.
This particular order involves the supply of 16,129 Solar PV modules of 620 WP capacity as it looks to actively expand into the renewable energy and solar solutions segment.
This news comes at a time when the company has nearly doubled its revenues from operations to ₹36.26 crore in FY26 from ₹19.05 crore in FY25, with a growth of about 91% year on year. Its net profit for the year has also increased to ₹1.81 crore from ₹1.02 crore from the previous year, as the company looks to actively take part in India’s renewable energy investment market.
“The order from Deon Energy Limited represents another significant step in strengthening our renewable energy business. It reflects the growing confidence of customers in our capabilities and reinforces our commitment to building a scalable solar solutions platform. We have been consistently expanding our presence in the Solar PV Module segment and this order further strengthens our execution pipeline.”Mr. Deepak Diwan Bachwani, Executive Director, Gujarat Inject Kerala Limited, said in a press release to the bourses.
“As India continues to accelerate its transition towards clean energy, we believe the renewable energy sector presents substantial long-term opportunities. Our focus remains on timely execution, strengthening customer relationships and expanding our participation across the solar ecosystem while creating sustainable value for stakeholders,” he added.
