SME Stock Troms Industries Surges 5% After Big Solar Project Order from Gujarat Metro Rail

The share price of Troms Industries, an NSE-listed SME stock, jumped 5% in early trading on Thursday after the company announced a new contract from the Gujarat Metro Rail Corporation (GMRC). The stock opened higher at ₹235 and quickly reached an intraday high of ₹249, up from the previous close of ₹233.90 per share.

This rise in Troms Industries’ stock price came after the company revealed on Wednesday that it had received a work order worth ₹20.70 crore from GMRC. This new contract includes tasks such as a feasibility study, design, engineering, supply, civil works, structure installation, and maintenance for five years. The work will focus on a 5 MW rooftop solar project at 15 Ahmedabad Metro stations under the Phase II expansion of the Gujarat Metro Rail project.

In their press statement, Troms Industries shared that they will handle everything from feasibility studies to the installation and maintenance of this rooftop solar project, which will be connected to the power grid. This project will bring solar power to 15 metro stations in Ahmedabad.

In addition to the GMRC project, Troms Industries has secured a ₹12.40 crore purchase order from Corona Remedies Private Limited. This contract involves setting up a ground-mounted solar plant with a capacity of 4.25 MW DC and 3.57 MW AC, expected to be completed within the current financial year.

Both projects strengthen Troms Industries’ position in India’s growing solar power sector, capturing strong investor interest and boosting its stock price in the SME market.