TCM Ltd Shares Gain 1.73% After Securing ₹7.92 Crore Solar Project Order

Mumbai, 18 September 2025: TCM Ltd (BSE: 524156) shares traded 1.73% higher at ₹45.77 as of 11:02 IST, following the announcement of a fresh renewable energy project win. The share price opened at ₹45.45, touched a high of ₹46.00, and maintained support at ₹45.45, compared with its previous close of ₹44.99.

TCM Ltd, formerly Travancore Chemical & Manufacturing Co. Ltd., is a Kochi-headquartered commodity chemicals manufacturer with factories in Mettur Dam, Tuticorin, and Kalady. Established in 1943, the company is listed on the Bombay Stock Exchange (BSE: 524156). While chemicals remain its core business, TCM has increasingly undertaken renewable energy projects, including solar plant installations and re-installations.

TCM Ltd Wins ₹7.92 Crore Solar Order from CIAL Subsidiary, Boosting Revenue Prospects

The company announced receiving a ₹7.92 crore contract (excluding GST) from CIAL Infrastructures Ltd, a subsidiary of Cochin International Airport Ltd (CIAL), for the re-installation of a 7.5 MWp solar PV plant at Nayathode in Ernakulam.

The scope of work includes:

• Reinstallation, testing and commissioning of a 1.8 MWp plant with 325Wp modules.
• Dismantling and reinstallation of a 5.7 MWp plant with 270Wp modules.
• Balance-of-system supply, insurance cover, and a defect liability period of one year.

The project is scheduled for completion within four months of commencement.

TCM Ltd Stock Rises as Renewable Energy Contract Adds Growth Visibility

The latest order announcement lifted investor confidence in TCM Ltd’s renewable energy focus, reflected in the stock price rising to ₹45.77 at 11:02 IST. The development is seen as a notable revenue stream for the company, given the increasing demand for sustainable energy infrastructure. The market capitalisation now stands at ₹34.23 crore, supported by its presence in chemicals and solar project execution.

Solar Project Order from CIAL Acts as Key Driver Behind Stock Momentum

The key trigger for today’s movement was the fresh contract win from a reputed government-backed entity, CIAL Infrastructures Ltd. With India’s renewable energy sector rapidly expanding, such orders enhance TCM Ltd’s visibility in clean energy solutions, diversifying its business beyond chemicals. The project’s four-month timeline also highlights short-term revenue realisation potential, reinforcing operational stability.

TCM Ltd’s stock witnessed a modest rise on news of its ₹7.92 crore solar project win from CIAL Infrastructures Ltd. The development underlines the company’s strategic expansion into renewable energy, strengthening revenue visibility while maintaining its legacy in chemicals manufacturing.

REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/ed0639d9-cc14-4f69-8eb7-66e21a98c670.pdf

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