On June 17, Raminfo Ltd announced a game-changing order from the Rajasthan Renewable Energy Corporation Limited (RRECL), triggering a wave of investor excitement.
The stock surged to ₹92.66 per share and froze at the 20% upper limit, while the BSE Sensex dipped by 0.31%, making Raminfo a rare green patch in an otherwise dull trading day.
This ₹474 crore contract marks Raminfo’s formal entry into India’s booming smart energy space.
Through a newly formed Special Purpose Vehicle (SPV), Raminfo Green Energy Pvt Ltd, the company will hold a 51% stake in this solar project.
The scope includes design, supply, and installation of rooftop solar systems, as well as commissioning and testing.
There’s also 25 years of operations & maintenance, along with a total capacity of 73 megawatts, and a deployment of government buildings across Rajasthan.
All this will be executed under the Hybrid Annuity Mode (HAM), a PPP model combining upfront EPC payments with long-term O&M revenue.
According to MD L. Srinath Reddy, the goal is to become a leader in affordable, reliable, and integrated rooftop solar energy solutions, and this project is just the beginning.
This move is about reinventing Raminfo as a green-tech powerhouse.
Raminfo, once best known for e-governance and digital services, is evolving into Raminfo 2.0, a multi-vertical innovator blending AI, IoT, and now, clean energy. With 30+ years of public sector tech experience, Raminfo knows how to navigate large-scale, government-backed projects.
This gives the company a first-mover advantage in India’s solar infrastructure revolution, especially in underserved sectors like government rooftops.
With today’s 20% spike, Raminfo shares are back in the spotlight, and for good reason. The stock had dropped as low as ₹62 in the last year, making this rally a potential trend reversal. This deal gives predictable revenue for 25 years through long-term maintenance contracts
And it sends a clear message: Raminfo is no longer just an IT services player; it is a green energy contender.
Analysts and retail investors alike will be watching for execution milestones, possible future solar contracts, and quarterly revenue impact in FY25–FY26.
From telemedicine and e-governance to rooftop solar and clean energy, Raminfo is writing a new chapter, and the markets are taking note.
In an era when sustainability is the new scale, Raminfo’s ₹474 crore solar leap could just be the spark that sets off a long-term rally.
