Bengaluru, June 30 -- The shares of a solar energy company, known for producing high-efficiency solar panels and modules, rose over 4% after its wholly owned subsidiary received a Letter of Intent for a Rs 380 crore project from Jaipur Vidyut Vitran Nigam Limited (JVVNL).

With a market capitalization of Rs 6,037 Crores, the share price of Insolation Energy Ltd was trading over 4% up to hit an intraday high of Rs 282.00 per share from its previous closing price of Rs 270.30 per share.

Insolation Energy Ltd, in a stock exchange filing, announced that its wholly owned subsidiary, Insolation Green Energy Private Limited, has received a Letter of Intent from Jaipur Vidyut Vitran Nigam Limited (JVVNL) for setting up 109.79 MW of grid-connecte...