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Company Information

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BRIGHT SOLAR LTD.

24 February 2025 | 12:00

Industry >> Pumps

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ISIN No INE684Z01010 BSE Code / NSE Code / Book Value (Rs.) 11.78 Face Value 10.00
Bookclosure 06/02/2023 52Week High 12 EPS 0.02 P/E 121.74
Market Cap. 6.98 Cr. 52Week Low 3 P/BV / Div Yield (%) 0.24 / 0.00 Market Lot 3,000.00
Security Type Other

History of Company

The company history sections lists out major chronological events that happened to the company.
The Company was originally incorporated as "Bright Solar Private Limited" at Ahmedabad on April 23, 2010, under the provisions of the Companies Act, 1956 vide Certificate of Incorporation issued by the Assistant Registrar of Companies, Gujarat, Dadra and Nagar Haveli, Gujarat, Dadra and Nagar Havelli. Consequently upon the conversion of the Company into public limited company, the name of the Company was changed to "Bright Solar Limited" and fresh Certificate of Incorporation dated January 29, 2018 was issued by the Assistant Registrar of Companies, Ahmedabad.

Major Events

2017-18 

- Bright started Consultancy Business in Renewable Energy, Water & Infra EPC & PPP Projects

- Bright started New Water Treatment Plant & Mini Pipe Rural Water Supply Scheme Project on Sub-Contract basis

- Bright submitted MOU to International Solar Alliance (ISA) For Export of Solar Pumps in Senegal, Benin, Burundi, Cameron, Cape Verde, Congo, Ethiopia, Gambia, Niger and Tanzania.

2015-16

- Bright was awarded with one of the biggest Bihar State project for commissioning of 281 Nos. Solar Dual Pump Project (amounting to Rs. 21.50 Crore) in 11 Districts of Bihar State by Public Health Engineering Department.

- Certificate of Registration issued from The National Small Industries Corporation Limited (NSIC).

- Bright got approval from Bureau of Energy Efficiency to use the BEE Label in "PUMPMAN" Submersible Pump Set.

2014-15

- Rating agency CARE assigned Solar Grading SP2C (High Performance & Moderate Financial) to Bright Solar

- Bright awarded from Bihar State Fisheries Department to Supply Solar Water Pumps to Fisherman.

- Bright awarded order from Agriculture Engineering Department - Chennai of 200 nos. (Approx 8.8 Cr.) Solar Water Pumping system for Agriculture purpose in all over Tamilnadu State

- Bright got sanction of Central Finance Assistance (Subsidy) of Rs. 3.70 Crore from Ministry of New & Renewable Energy (MNRE), for installation of 174 numbers of SPV Power Pumps with agreegate capacity of 746.4kWp in twenty district of Gujarat at a project cost of Rs. 12.32 Crs.

- NSIC - Ahmedabad entered MOU For Tender Participation with Bright.

- Bright made Rate Contract with Central Stores & Purchase Organization (CSPO) to Supply Solar U.V. Water Purifier in all over Gujarat State.

- Factory License granted from Directorate Industrial Safety & Health Gujarat state to Bright.

- Bright Solar registered as a Manufacturer with Central Stores & Purchase Organization (CSPO).

- Bright registered as a "1" Class contractor in Bihar State Public Health Engineering Department up to 5 Years.

- Bright became a Member of Solar Energy Society of India (SESI)

- Bright became Empanelled Manufacturer for Solar Pumping Programme to be implemented through NABARD.

2013-14 

- Bright became Accredited Channel Partner of Ministry of New and Renewable Energy (MNRE) - New Delhi for Solar PV Systems.

- Bright Solar become Channel Partner of Tamilnadu Energy Development Agency (TEDAChennai) & NREDCAP - Hyderabad .

- Gujarat Government 4 Nos. Discoms First Pilot Project of Solar Water Pumping System awarded to Bright Solar.

- Bright executed Rajasthan RHDS Project - 3, 1150 Nos. solar water pumping system with Waaree energy.

- Bright started own & first DC Submersible Pump assembling Unit - PUMPMAN Brand with more than 99 Models.

2012-13

- Bright executed Sabras - Salt Agariya Project in Little Run of Kutch.

2011-12

- The Promoters took a Solar Systems training at GERMI - Gandhinagar.

- Bright became authorized Premier Sales & Service Partner of M/s. Lorentz-Germany for DC Solar Pumps till December 31, 2012

2010-11 

- Bright Solar was incorporated as Bright Solar Private Limited with primary business object of Solar PV Water Pumping System & Solutions.

2018

Bright Solar Ltd. has announced public offering of 5400000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 26.00 per share. The gross proceeds of the issue are expected to be Rs 1,944.00 lakhs.

The company's initial public offer (IPO) will open on Tuesday, June 26, 2018 and is expected to close on Friday, June 29, 2018,

2023

-The company issued rights shares of Rs. 10 in the ratio of 2:9 at par.

2024

-The Company received order from UN Missions East Africa valued at approximately INR 24 Crores (USD 2.9 Million).