Visaka Industries Gains 16% as ATUM Solar Roofs Achieve MNRE Certification

Visaka Industries Limited, a prominent manufacturer of building materials, textiles, and solar roofing products, has witnessed a notable surge in its share price. As of 1:42 pm on 8th January 2025, the company’s stock jumped nearly 16%, reaching an intraday high of ₹103.80 on NSE. This rise follows a major milestone announcement regarding its solar division.

Key Announcement: ATUM Solar Roofs Certified by MNRE

Visaka Industries’ ATUM Solar Roofs division has achieved significant recognition. It is now certified under the Approved List of Models and Manufacturers (ALMM) by the Ministry of New and Renewable Energy (MNRE). This certification makes ATUM Solar Roofs the first integrated solar roof solution in India to receive such recognition.

The ALMM certification is a testament to the company’s innovation in sustainable technology. It reinforces Visaka’s commitment to promoting renewable energy in alignment with India’s clean energy targets.

What Sets ATUM Solar Roofs Apart?

• Integrated Solution: Unlike traditional solar panels, ATUM offers a fully integrated roof that combines durability with energy generation.
• Sustainability Focus: Its eco-friendly design meets modern construction and renewable energy needs.
• Government Recognition: Certification by MNRE validates ATUM’s compliance with high industry standards, boosting customer trust and adoption.

About Visaka Industries

Incorporation and Leadership

Founded in 1981 in Hyderabad, Telangana, Visaka Industries was promoted by Dr G Vivekanand. The company is currently led by G. Vamsi Krishna, son of the founder. Over the years, Visaka has established itself as a leader in multiple business segments, reflecting strong growth and innovation.

Business Divisions

The company operates across three primary verticals:

1. Building Products – Manufacturing Asbestos Cement Sheets (ACS) and non-asbestos boards and panels.
2. Textiles – Producing synthetic fibre yarns.
3. Solar Roofing – Offering ATUM Solar Roofs, an integrated renewable energy solution.

Share Price Movement

Following this announcement, Visaka Industries’ stock saw a sharp rise of nearly 16% during intraday trading. The stock touched a high of ₹103.80. 

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