Zodiac Energy Limited (NSE: ZODIAC, BSE: 543416) has received purchase orders from four domestic entities based in Gujarat for solar power projects with an aggregate capacity of 24,760 kWp (24.76 MWp).

The company disclosed the development on September 19, 2026, under Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements Regulations.

The orders cover the supply, installation and commissioning of grid-interactive, ground-mounted Solar PV power plants. The projects are expected to strengthen Zodiac Energy’s presence in the renewable energy sector and contribute to its revenue over the execution period.

The names of the four entities have not been disclosed due to confidentiality obligations and mutual understanding with the respective parties.

Key Highlights of Zodiac Energy’s Solar Orders

Project-Wise Solar Capacity Details

The four purchase orders cover the following solar power capacities:

The largest order comprises two Solar PV power plants with capacities of 4,235 kWp and 5,405 kWp, aggregating to 9,640 kWp. This project will be executed under open access arrangements.

The remaining three orders involve individual grid-interactive, ground-mounted Solar PV power plants.

Execution Timeline and Project Scope

Zodiac Energy will undertake the supply, installation and commissioning of the solar power plants in accordance with the specifications and scope of work outlined in the respective purchase orders.

The execution period for each order is six months from the date of receipt of the advance, documents or purchase order, subject to the applicable purchase order terms.

The company expects the projects to contribute to revenue over the execution period. However, the regulatory disclosure does not specify the total contract value, expected profit margins or the quarter-wise revenue contribution.

Related-Party Transaction Details

Zodiac Energy has disclosed that the promoters and members of the promoter group are interested in the entities awarding the purchase orders.

The company has classified all four orders as related-party transactions and stated that the transactions are being undertaken on an arm’s-length basis and in accordance with applicable laws.

The identities of the entities have been withheld due to confidentiality obligations.

What the Solar Orders Mean for Zodiac Energy Investors

The aggregate 24.76 MWp capacity adds new project execution work to Zodiac Energy’s renewable energy business.

Investors tracking the company may monitor:

• Execution progress across the four solar projects.

• Revenue contribution as the projects are completed.

• Future disclosures on order inflows and project execution.

• Any updates on the financial value or profitability of the projects.

While the disclosed capacity provides visibility into the scale of the projects, the absence of contract values and margin details limits an assessment of their direct financial impact.

Conclusion

Zodiac Energy Limited has received four domestic purchase orders for solar power projects with a combined capacity of 24.76 MWp. The projects involve the supply, installation and commissioning of ground-mounted Solar PV power plants, with an execution timeline of six months per order, subject to the respective purchase order terms.

The orders are expected to support the company’s renewable energy business and contribute to revenue during execution. Investors can track project completion and subsequent financial disclosures to assess the business impact.