Annu Projects Signs MoU with GEIE Solar for 8,000 Rooftop Solar Systems
Annu Projects Limited signed an MoU with GEIE Solar Products India for supplying materials for 8,000 rooftop solar systems (1.1 kWp each) under the PM-Surya Ghar scheme in Dausa, Rajasthan. The project, part of a JVVNL tender awarded to GEIE Solar, is expected to be completed within six months. This marks Annu Projects' expansion into the renewable energy sector.
The MoU represents a new business vertical and a significant number of installations, indicating potential for future revenue and growth, but the financial impact is not yet quantified.
The announcement details a new strategic partnership and expansion into the renewable energy sector, which is generally viewed positively for diversification and future growth.
Annu Projects Limited has signed a Memorandum of Understanding (MoU) with GEIE Solar Products India Private Limited for the procurement and supply of materials for 8,000 grid-connected rooftop solar systems in Dausa, Rajasthan. Each system will have a capacity of 1.1 kWp and will be installed under the PM-Surya Ghar: Muft Bijli Yojana scheme.
Annu Projects will be responsible for procuring and supplying solar PV modules, mounting structures, cables, inverters, and other balance-of-system components. GEIE Solar Products India, the awardee of the project (Lot-3 of a tender by Jaipur Vidyut Vitran Nigam Limited), will undertake installation, commissioning, net metering, and operations and maintenance. The project is scheduled for completion within six months from the award date.
Mr. Sanjay Sarraf, Chairman and Managing Director of Annu Projects Limited, stated that this MoU signifies an expansion into the renewable energy segment, leveraging the company's procurement and infrastructure capabilities. Mr. Krishna Kadariya, Managing Director and Co-director of GEIE Solar Products India Private Limited, emphasized the importance of material supply for timely project completion and the collaborative framework provided by the MoU.
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Annu Projects Limited filed this with the NSE as a statutory disclosure, categorised under strategic partnerships. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Annu Projects Limited. Read the original for the full detail.