Gandhinagar: Gujarat headquartered Solar EPC company, Trom Industries Limited informed it has recently received Work Order from Gujarat Metro Rail Corporation (GMRC) Limited for a period of 5 years. With an order value of over Rs 20.70 crores, the supply for the order will be completed within current financial year in a phased manner. Additionally, the company has also received purchase order from M/s. Corona Remedies Private Limited for Grid Connected Ground Mounted Solar PV Plant.

For the GMRC Ltd work order, the company will be responsible for feasibility study, design, engineering, supply, civil works, procurement, erection of suitable structure, installation, testing, commissioning and comprehensive operation & maintenance for 5 MW (AC) Grid Connected Rooftop Solar Photovoltaic Power Projects. These will be for 15 metro station of Ahmedabad Metro Rail project, Phase II of Gujarat Metro Rail Corporation Ltd.

For M/s. Corona Remedies Private Limited, the company has received purchase order for supply, design, installation, testing, commissioning of Grid Connected Ground Mounted Solar PV Plant 4.25 MW DC & 3.57 MW AC. The value of this purchase order is Rs. 12.40 crore and the supply is expected to be completed within current financial year, in phased manner.

On August 1, 2024, Trom Industries Limited got listed on NSE SME platform. With an issue size of 27.28 lakh shares at face value of Rs 10 each, the price band was set at ₹100 to Rs. 115 per share to raise Rs 31.37 crores. The proceeds from this IPO will be utilized to fund capital expenditure requirements of the company towards set up of Solar Power Plant, to meet the working capital requirements and for general corporate purposes.

On financial front, the company has been registering stellar performance year after year. The company’s revenue increased by 125.98% and profit after tax (PAT) rose by 1885.2% between the financial year ending with March 31, 2024 and March 31, 2023. As of March 2024, the company’s revenue stands at Rs 54.54 crores with Rs 5.72 crores net profit.