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Jhaveri Credits secures Rs 5.79 crore contract from GEDA for solar rooftop systems in Gujarat

21-Oct-26 15:04 Hrs IST

Jhaveri Credits & Capital Ltd. is currently down 4.64% to Rs 172.6, adding to recent declines that have seen the stock fall 3.31% over the last week.

Jhaveri Credits and Capital Limited announced it has received a letter of intent from the Gujrat Energy Development Agency (GEDA) for a project involving the supply, installation, commissioning, and 10-year comprehensive maintenance contract (CMC) of solar rooftop systems for government buildings in Gujarat during 2026-27, with a capacity range of 1 to 6 kw. The contract, awarded by a domestic entity, requires execution within 90 days and carries a broad consideration of Rs 5,79,15,071. The company secretary, Gaurav Shrimankar, confirmed the development in a filing with the BSE Limited on October 21, 2026.

Trading volume totaled 867 shares today, a decrease of 96.32% compared to the one-week average volume. Jhaveri Credits & Capital Ltd softened by 14.53% year-over-year, underperforming the 11.43% loss in the NIFTY50 index.

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