You are here » Home » Companies » Company Overview » Bright Solar Ltd

Bright Solar Ltd.

BSE: 535092 Sector: Engineering
NSE: BRIGHT ISIN Code: INE684Z01010
BSE 05:30 | 01 Jan Bright Solar Ltd
NSE 00:00 | 12 Aug 4.50
(%)
OPEN

4.55

HIGH

4.55

LOW

4.45

OPEN
PREVIOUS CLOSE
VOLUME
52-Week high 0.00
52-Week low 0.00
P/E
Mkt Cap.(Rs cr) 0
Buy Price
Buy Qty
Sell Price
Sell Qty
OPEN
CLOSE
VOLUME
52-Week high 0.00
52-Week low 0.00
P/E
Mkt Cap.(Rs cr) 0
Buy Price
Buy Qty
Sell Price
Sell Qty

Bright Solar Ltd. (BRIGHT) - Chairman Speech

Company chairman speech

Dear Shareholders

It is an honour and privilege to present before you the 11th Annual Report of BrightSolar. This is an exci ng year for Bright Solar as it marks our 11th Anniversary. It hasbeen a wonderful journey so far as we con nue to expand our services each year and sharein the con nued success of our associates. During the course of last year and con nuingwe have survived a tough me. It has come as a reality check for the whole solar industrythat is trying to re-invent its own culture.

Surviving this me conveys our poten al to lead the way for the bright future. Since geng listed on NSE in 2018 we have been extending our knowledge and capabili es forventuring into new and unknown terrains to set up new benchmarks in the industry. As Indiahave moved to 3rd largest solar market in the world. The installed capacity reached 35.12GW as of 30 June 2020. India has the lowest capital cost per MW globally of installingsolar power plants today. With The Focus of Modi Government on Atma nirbhar BharatMission one of the Key area is Solar PV Manufacturing Increasing end to end PowerAvailability as per requirement and Cheap Power Supply to all. The Future looks promisingand bright.

We at Bright Solar are commi ed to ful lling Government's vision and with theleadership of Interna onal Solar Alliance propel India's growth story in the eld of solarenergy genera on. The Government of Gujarat Launched last year Solar Roo ops Scheme thatwill boost its acceptance across the state. Bright Solar par cipated in the scheme as avalued partner in na on building and I am happy to announce that we got orders to theextent of 3.01 Mega Wa in the First Year Itself.

We are commi ed to provide the maximum contribu on for scaling the roo op scheme benets to the retail users. The Total revenue from opera on is Rs 2346.95 lacs compared to thePrevious year was 5741.45 lacs. Which is 144.63% declined compared on Y-o-Y. The companyhas been awarded projects in FY 2019-20 which are ongoing and will be completed in FY2020-21. A er January 2020 there were problems in supply chain which resultant in shortageof goods which resulted into delayed invoicing around Rs 6 crore and will re ect in FY2020-21.

Moreover the Pro t a er tax (PAT) in current year is Rs 51.58 lacs compared to thePrevious year was Rs 234.11. which is 353.88% declined Y-o-Y. Reason for declined in PATmainly because of decrease in sales of the company and higher cost of goods increasedmarke ng ac vi es and hired addi onal employees overhead expenses for the Gujarat solarRoo op project.

Solar power is one of the most e cient yet clean sources of energy we have access to.There are no increased fuel costs or dependencies no es to pollutants and it's bothreliable and a ordable. Of course in order to harness solar power you need access tospeci c technology. We feel proud and blessed for being awarded mul ple projects and arefully commi ed to diligently work to give the best performance across all the domains. Weproac vely and passionately endeavour to expand in scope and scale across all over theglobe. None of these was is or will be possible without your trustworthy understandingand overwhelming support.

From the deepest reservoirs of my heart I on behalf of the company extend my gra tudeand promise you that we will never let you down. Let's join hands to walk through anamazing nancial year of 2021-22.

.