Zodiac Energy Limited has officially announced the receipt of a significant purchase order on April 29, 2026, for the development of a solar power facility. The company has been awarded a contract by a domestic entity based in Gujarat for the comprehensive supply, installation, and commissioning of a captive Ground Mounted Solar PV Power Plant. This project will be executed under the open access model as per the Gujarat Renewable Power Policy, 2024.

The newly secured order is for a power plant with a total capacity of 1.87 MWp DC, located at Rajkot, Gujarat. The total commercial consideration for this contract is approximately ₹5,44,50,000 (Five Crore Forty-Four Lakh Fifty Thousand Only), excluding GST. According to the statutory filing, the company is expected to complete the execution of this project within an estimated timeframe of approximately six months.

Zodiac Energy Limited is a prominent energy solution provider in India, specializing in the design, engineering, procurement, and construction (EPC) of solar power projects for residential, commercial, and industrial clients. Throughout 2025, the company reached several milestones, including the commissioning of a 3.40 MWp solar plant in Gujarat in June and the receipt of its first international solar rooftop order from Zambia in December. Additionally, in early 2026, the company expanded its strategic footprint by acquiring a majority stake in Shamli Solar Projects LLP and entering an agreement for a large-scale 10.8 MWp captive solar plant for Amanta Healthcare.

For the quarter ended December 31, 2025, the company reported a robust financial performance with revenue from operations reaching ₹138.00 Crores. This represents a significant 31.69% YoY growth compared to the ₹104.79 Crores reported in the same period of the previous year. The net profit for this quarter stood at ₹5.07 Crores, reflecting a strong sequential (QoQ) recovery of 89.18% from the preceding quarter. While the company maintains a high promoter holding of approximately 69.97%, it continues to attract interest from non-institutional investors as a growing player in the renewable energy sector.