Australian Premium Solar Electrifies Rural India with ₹13.85 Crore Green Energy Deal

Australian Premium Solar (India) Limited has secured a groundbreaking ₹13.85 crore contract from the Tripura Renewable Energy Development Agency (TREDA) to solarize 500 agricultural pumps under the PM-KUSUM Scheme. This strategic move aligns with India's push for sustainable energy in the agricultural sector. The project, set to enhance APS's customer base and profitability, involves installing 2 HP AC solar-powered pumps across Tripura. With a current share price of ₹429 (as of February 27, 2025), APS continues to demonstrate strong market performance, reflecting investor confidence in its green energy initiatives. This contract marks a significant step in APS's expansion and India's renewable energy landscape.

 

Sources: NSE, BSE, Business Standard, Financial Express