Chiraharit Shares Gain Over 22% in a Month as Company Bags New Solar Order

Chiraharit Limited has secured a domestic purchase order worth ₹1.49 crore from Solarworld Energy Solutions Limited for the supply and servicing of a solar module cleaning system in Gujarat.

The company disclosed the development to the BSE under SEBI’s Listing Obligations and Disclosure Requirements (LODR) Regulations, highlighting continued momentum in India’s rapidly expanding solar infrastructure sector.

Order Details

The contract involves supplying and servicing a module cleaning system used in solar power infrastructure projects.

Key Order Information

Parameter	Details
Company	Chiraharit Limited
Client	Solarworld Energy Solutions Limited
Order Value	₹1,49,04,050
Nature of Order	Supply & Service of Module Cleaning System
Location	Gujarat
Type	Domestic Order
Related Party Transaction	No

The project includes:

• HDPE pipes and fittings
• Pumps and related equipment
• Installation services
• Execution and commissioning support

Execution Timeline

The company has outlined a phased execution schedule for the order.

Project Timeline

Component	Timeline
HDPE Pipes & Fittings Supply	Within 3 Weeks
Pumps Delivery	Within 6–7 Weeks
Installation & Commissioning	Within 8 Weeks

The defined timeline reflects operational visibility and execution planning within the company’s solar infrastructure business.

Why Solar Module Cleaning Systems Matter

Solar panel efficiency is highly dependent on cleanliness and maintenance.

Dust accumulation, pollution, and environmental particles can significantly reduce:

• Power generation efficiency
• Energy output
• Long-term solar panel performance

Automated and advanced cleaning systems are increasingly becoming critical for:

• Utility-scale solar parks
• Commercial solar projects
• Renewable energy infrastructure

This is particularly important in regions like Gujarat and Rajasthan where dust accumulation can materially impact solar output.

India’s Solar Sector Seeing Strong Growth

India’s renewable energy ecosystem continues witnessing aggressive expansion driven by:

• Government clean energy targets
• Rising electricity demand
• Solar capacity additions
• Energy transition investments
• Corporate sustainability initiatives

Major Drivers Supporting Solar Infrastructure

Growth Driver	Impact
Renewable Energy Push	Increased solar installations
Net-Zero Targets	Higher clean energy spending
Utility Solar Expansion	Rising infrastructure demand
Industrial Solar Adoption	More maintenance solutions
Automation in Energy	Growth in smart systems

Companies operating in solar infrastructure support services, water systems, and maintenance solutions may benefit from this long-term structural trend.

Gujarat Emerging as Major Solar Hub

Gujarat has become one of India’s leading renewable energy states due to:

• Large-scale solar park development
• Strong industrial demand
• Favorable policy environment
• Renewable energy investments

The state continues attracting investments in:

• Solar modules
• Transmission infrastructure
• Energy storage
• Solar maintenance technologies

Compliance and Governance

Chiraharit Limited confirmed that:

• The transaction is not a related-party deal
• No promoter or group company interest exists in the awarding entity
• The disclosure complies with SEBI regulations

The announcement was signed by the company’s Managing Director and CEO, Pavankumar Bang.

Stock Performance Snapshot

Historical Returns

Period	Return
1 Day	+4.84%
5 Days	+14.08%
1 Month	+22.39%
6 Months	-9.92%
1 Year	-29.45%

The stock has recently witnessed short-term recovery momentum despite broader long-term weakness.

Why This Order Matters

The ₹1.49 crore order may appear relatively small in size, but it reflects:

• Continued business activity in renewable infrastructure
• Growing demand for solar maintenance solutions
• Expanding adoption of automation in energy projects
• Revenue visibility for smaller infrastructure companies

As India accelerates solar deployment, ancillary businesses involved in:

• Cleaning systems
• Water management
• Maintenance automation
• Solar infrastructure support

could witness increasing opportunities.

Key Highlights

• Chiraharit secured a ₹1.49 crore order from Solarworld Energy Solutions
• Project involves solar module cleaning system supply and servicing
• Gujarat identified as project location
• Installation and commissioning to finish within 8 weeks
• Solar infrastructure demand continues expanding in India

Final Take

The latest order win strengthens Chiraharit Limited’s participation in India’s growing renewable energy ecosystem.

As solar energy installations continue expanding across the country, demand for maintenance technologies, cleaning automation systems, and operational efficiency solutions is also expected to rise steadily.

Companies positioned within the broader solar infrastructure value chain could benefit from India’s long-term clean energy transition and increasing renewable capacity expansion.

What order did Chiraharit Limited receive?

The company secured a ₹1.49 crore purchase order for supplying and servicing a solar module cleaning system.

Who awarded the contract?

The order was awarded by Solarworld Energy Solutions Limited.

Where will the project be executed?

The project location is Gujarat.

What does the order include?

The scope includes HDPE pipes, fittings, pumps, installation, execution, and commissioning services.

Why are solar cleaning systems important?

They help improve solar panel efficiency, reduce dust-related energy loss, and maintain long-term operational performance.

Is the transaction a related-party deal?

No. The company confirmed it is not a related-party transaction.