Raminfo shares in focus as company bags Rs 474 crore rooftop solar project order from Rajasthan government
Raminfo Limited is likely to draw investor attention after announcing a major project win worth ₹474 crore. The company, in a press release dated June 17, 2025, revealed that it has secured an order from the Rajasthan Renewable Energy Corporation Limited (RRECL) to install rooftop solar photovoltaic (RTS) power projects across government buildings in Rajasthan. This is Raminfo's largest foray into green energy, executed through its new subsidiary, Raminfo Green Energy Private Limited.
Under the Hybrid Annuity Mode (HAM), the scope of the project includes design, supply, erection, testing, commissioning, and 25 years of comprehensive operation and maintenance of 73 MW RTS capacity. Raminfo will hold a 51% stake in the project.
The Managing Director of Raminfo, L. Srinath Reddy, stated that this project is a significant step in the company's green energy journey and positions Raminfo to play a leading role in India's rooftop solar mission. With India's rooftop solar market projected to reach USD 4.46 billion by 2033, this order could be a major growth catalyst.
Founded over 30 years ago, Raminfo is a BSE-listed tech solutions provider with presence across e-governance, smart energy, fintech, IoT, and healthcare sectors.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
Ahmedabad Plane Crash
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CNBC
2 hours ago
- CNBC
Tesla supplier CATL has potential beyond just batteries, analysts say
For Tesla supplier Contemporary Amperex Technology , selling battery packs to major electric companies is just the start of its ambitions. "We believe the company is not just a hardware manufacturer, but it will also be a software ecosystem provider," Morgan Stanley analysts led by Jack Lu said in a report Wednesday. They pointed to CATL's artificial intelligence-powered tools for monitoring batteries on the road and giving early safety warnings. "As AI develops, the ecosystem will likely further evolve and provide more value added soft services to customers," the Morgan Stanley analysts said, noting that improved safety will also strengthen CATL's business partnerships and competitiveness. Morgan Stanley raised its price target on CATL's Hong Kong-listed shares to 445 Hong Kong dollars ($56.69), up 14% from 390 HKD previously. The new price target is nearly 18% above where CATL closed Friday, after reaching an intraday high of 395 HKD on Thursday. That was the highest since CATL shares listed in Hong Kong on May 20 in the world's biggest IPO of 2025. The company's mainland-listed shares have traded at an abnormally large discount to the Hong Kong shares. CATL also looks to be a step closer to generating revenue from licensing. Ford agreement U.S. automaker Ford has planned to open a battery factory through a licensing agreement with CATL. But the deal came under intense U.S. scrutiny , while there were concerns that Ford would lose advanced manufacturing tax credits. But Ford in the last week said it expects its BlueOval Battery Park in Michigan will benefit from such tax credits, and " remains on track to begin production of lithium iron phosphate (LFP) batteries in 2026." While the release did not mention CATL, analysts were hopeful. "This recent news is positive in that it appears there is tacit acceptance of the licensing arrangement," Macquarie analysts Eugene Hsiao and Fergus Kwan said in a report Wednesday, noting the development "helps to remove one key headwind on the shares." Neither CATL nor Ford immediately responded to a CNBC request for comment. CATL could receive 1.3 billion yuan ($181 million) in annual licensing fees if BlueOval operates near full capacity by 2027, although the battery company's profits won't likely benefit until then, the Macquarie analysts said. They have a price target of 360 HKD on CATL shares. U.S. scrutiny But CATL remains under broader scrutiny in the U.S. Earlier this year, the Pentagon added CATL to a "Chinese military" list that prohibits the U.S. Department of Defense from buying the company's products starting in 2026. CATL at the time said the designation was "a mistake" and that it "is not engaged in any military-related activities." "We believe geopolitical risk between China and the U.S. is already priced into the shares," the Macquarie analysts said. "Strong earnings fundamentals from market share gains in Europe, coinciding with increased shareholder returns, should lead to a valuation re-rating." CATL has pledged 90% of the funds raised by going public would support its expansion into Europe , especially a factory in Hungary that's nearing completion. The company last month also said a subsidiary has reached a deal in Indonesia for a $6 billion project that aims to cover nickel mining and processing, battery production and battery recycling. "We maintain our Buy rating for CATL," Bank of America analysts led by Ming Hsun Lee said in a July 2 report, "given its industry-leading battery technology and new product strategy to protect its market share, as well as its edge in technology and scale to drive more room for cost savings and sustained high" gross profit margins. The analysts have a 400 HKD price target on the stock. They highlighted that, in CATL's main line of business, Xiaomi will use the CATL's battery in its popular YU7 SUV, "which should be positive to CATL's [market] share in China." CATL has also built business partnerships in new technologies around battery swapping and packs designed specifically for hybrid-powered cars . Geely -backed electric car company Zeekr on Wednesday announced its hybrid driving system is based on CATL's "Freevoy Super Hybrid Battery." The technology will be used in Zeekr's first hybrid vehicle, the 9X SUV, which has a range of 380 kilometers on a single charge and is set to begin deliveries in China by the end of September, a statement said. — CNBC's Michael Bloom contributed to this report.
Hypebeast
7 hours ago
- Hypebeast
Fred Perry and BEAMS Unveil Special Edition Track Jacket
Summary Fred Perryand Japanese retailerBEAMShave joined forces once again for a special edition track jacket, set to launch in late August 2025. Reimagining the iconic Fred Perry silhouette, the new design incorporates BEAMS' signature touch, blending sporty heritage with modern aesthetics. Exclusive to BEAMS, the jacket features bold color paneling and an updated fit, offering a fresh take on the classic that has long symbolized Fred Perry's athletic roots. The piece is crafted from a double-faced tricot fabric, combining polyester and cotton for a comfortable, structured feel ideal for both style and function. Retailing at ¥19,800 JPY ($135 USD), the collaborative jacket marks a continuation of the successful partnership between the British heritage brand and the influential Japanese label. Available nowonline, in limited quantities, it is expected to appeal to both streetwear fans and long-time Fred Perry loyalists alike.
Hypebeast
9 hours ago
- Hypebeast
Rimac Nevera R Sets 24 World Records and Reclaims 0–400–0 Title
Summary TheRimac Nevera Rhas shattered expectations by setting 24 new performance records, reclaiming the title for fastest 0–400–0 km/h time at 25.79 seconds, beating its predecessor by over four seconds. The track-dominating electric hypercar now holds the crown as the world's quickest accelerating production vehicle. Powered by a 2,107 hp quad-motor system and a recalibrated torque vectoring setup, the Nevera R hits 0–60 mph in just 1.66 seconds and tops out at 431.45 km/h (268.2 mph). Other benchmarks include 0–100 km/h in 1.72 seconds, 0–300 km/h in 7.89 seconds and a quarter-mile time of 7.90 seconds. Key upgrades include a re-engineered aerodynamic package with 15% more downforce, new Michelin Cup 2 tires and a 10% boost in aerodynamic efficiency. The Nevera R also introduces improved traction, cornering grip and braking power, showcased by its blistering 0–100–0 km/h stop in 3.32 seconds. The new record marks a major leap from the originalNevera, which previously held 23 records in a single day. Only 40 units of the Nevera R will be built, priced from €2.3m EUR ($2,689,335 USD). According to CEO Mate Rimac, 'Breaking records is in our DNA—and we won't stop here.' With Nürburgring and Goodwood benchmarks already in its crosshairs, the Nevera R is poised to dominate further.
