GH2 SOLAR UPDATE

GH2 Solar Limited has signed a Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI) for a 50 MW solar power project integrated with a 25 MW / 100 MWh battery energy storage system (BESS). The agreement was signed on 8 October 2026 at a reported tariff of ₹2.87 per unit. The battery storage system is designed to store electricity and support power supply when solar generation is lower.

The company reported strong financial growth in FY26, with revenue increasing approximately 176% to ₹578 crore from ₹209 crore in FY25. EBITDA rose to ₹69 crore from ₹21 crore, while profit after tax (PAT) increased to ₹46 crore from ₹13 crore. These figures indicate a significant increase in the company’s reported revenue and profitability compared with the previous financial year.

Meanwhile, GH2 Solar’s unlisted share price has reportedly risen approximately 16% over the past month, moving from ₹274 to ₹318 per share, a gain of ₹44. The newly signed PPA adds to the company’s renewable energy project pipeline, although the project’s total cost and expected contribution to future revenue have not been disclosed. Investors tracking the company may look for further details on project execution, funding requirements and the sustainability of its financial growth.