Synopsis: Several renewable and infrastructure players are in focus after winning fresh orders across solar O&M, EPC, module supply, and heavy lifting services. Key wins include 625 MWp, 2,210 MW module supply, 10 MWac projects, and a USD 4.3 million international contract, reflecting strong execution momentum despite weak stock movement.
Indian equity benchmarks opened sharply lower on Tuesday, with the Sensex and Nifty down nearly 0.5 percent in early trade. Market sentiment weakened due to renewed global trade-war concerns, continued foreign fund outflows, and subdued Asian markets. The Nifty slipped close to the 25,450 level intraday, keeping investors cautious about key support levels amid a risk-off environment. Here are the companies in focus after bagging significant work orders:-
Inox Green Energy Services Ltd
Inox Green Energy Services is a leading renewable energy operations and maintenance provider in India. It manages large-scale wind and solar assets across multiple states, focusing on asset uptime, efficiency, and long-term performance, benefiting from strong growth in India’s clean energy transition.
With a market capitalization of Rs 6,754.07 crore, the shares were trading at Rs 180.25 per share, decreasing around 1.15 percent as compared to the previous closing price.
Inox Green Energy Services is securing a LoA from KEC International for O&M of a 625 MWp solar project in Bhadla, Rajasthan. This win takes its solar O&M portfolio beyond 3 GW and total renewable O&M capacity above 13 GW, highlighting rapid expansion across solar and wind segments.
Waaree Renewable Technologies Ltd
Waaree Renewable Technologies is engaged in solar EPC, project development, and renewable power generation. Backed by the Waaree Group, the company executes utility-scale and rooftop solar projects, leveraging engineering expertise to support India’s expanding solar capacity and sustainable energy goals.
With a market capitalization of Rs 9,385.38 crore, the shares were trading at Rs 899.45 per share, decreasing around 1.12 percent as compared to the previous closing price.
The company has secured a domestic commercial order to execute an EPC ground-mounted solar PV project with an aggregate capacity of 10 MWac/14 MWp. Valued at around ₹37.96 crore excluding taxes, the turnkey project for an industrial gas manufacturer is scheduled for completion during FY27, strengthening its solar EPC order pipeline.
Waaree Energies Ltd
Waaree Energies is India’s largest solar PV module manufacturer with integrated manufacturing capabilities. The company supplies modules domestically and globally, benefiting from rising solar installations, government incentives, and increasing demand for high-efficiency, made-in-India renewable energy solutions.
With a market capitalization of Rs 73,078.05 crore, the shares were trading at Rs 2,540.60 per share, decreasing around 0.77 percent as compared to the previous closing price.
Waaree Energies Limited has strengthened its order book with fresh contracts for solar module supplies. The company secured a 210 MW DCR module order in India, while its US subsidiary, Waaree Solar Americas Inc., won a large 2,000 MW order in the United States, reflecting strong global demand and expanding international footprint.
Sanghvi Movers Ltd
Sanghvi Movers is India’s leading crane rental and heavy lifting solutions company. It provides high-capacity cranes for infrastructure, power, renewable energy, oil and gas, and industrial projects, playing a critical role in executing complex, large-scale installations across the country.
With a market capitalization of Rs 2,726.71 crore, the shares were trading at Rs 314.95 per share, increasing around 1.91 percent as compared to the previous closing price.
Sanghvi Movers Ltd has secured an international work order from Jindal Energy Botswana for crane supply services linked to a 4×175 MW power project. Valued at USD 4.3 million, the contract will commence in Q4 FY26 and conclude by Q4 FY28, strengthening Sanghvi’s overseas presence.
Polysil Irrigation Systems Ltd
Polysil Irrigation Systems is engaged in manufacturing and supplying micro-irrigation solutions such as drip and sprinkler systems. The company caters to agriculture and horticulture needs, supporting efficient water management and farm productivity, while benefiting from the rising adoption of modern irrigation practices across India. With a market capitalisation of Rs 488 crore, the shares were trading at Rs 217 per share, decreasing around 0.91 percent as compared to the previous closing price.
Polysil Irrigation Systems Limited has entered into a distributorship agreement with Vaira Green to promote and sell its products across Madhya Pradesh. The domestic agreement targets government irrigation and rural development projects, with an aggregate order value of ₹16 crore, scheduled for execution within three months, strengthening Polysil’s regional presence.
Ashapuri Gold Ornament Ltd
Ashapuri Gold Ornament is involved in the manufacturing and wholesale trading of gold jewellery. The company focuses on traditional and contemporary designs, catering mainly to regional markets, and benefits from steady demand driven by cultural preferences, weddings, and festivals in India’s jewellery sector.
With a market capitalisation of Rs 176 crore, the shares were trading at Rs 5.28 per share, decreasing around 3.30 percent as compared to the previous closing price.
Ashapuri Gold Ornament Limited has received domestic purchase orders worth approximately ₹29 crore from prominent regional and national jewellery retail chains, including leading big-box jewellers. The orders are for the supply of gold jewellery and are scheduled to be executed within 60 days, reflecting strong demand and reinforcing the company’s position in the organised jewellery supply chain.
Prostarm Info Systems
Prostarm Info Systems is an Indian power solutions company specialising in UPS systems, energy storage, and power conditioning equipment. It serves data centres, banking, healthcare, telecom, and industrial clients, focusing on reliable backup power, efficient energy management, and technology-driven solutions across critical infrastructure segments. With a market capitalisation of Rs 910 crore, the shares were trading at Rs 154 per share, decreasing around 0.55 percent as compared to the previous closing price.
Prostarm Info Systems Limited has emerged as the L-1 bidder for a project awarded by Steel Authority of India Ltd to supply, install, and commission a 2 MW (AC) rooftop solar PV system at the Burnpur plant in West Bengal, at a contract value of ₹6.71 crore.
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