Solar panels company receives new order worth Rs 3,63,75,265 from Numaligarh Refinery Ltd (NRL)
DSIJ Intelligence-1 / 15 Sep 2025/ Categories: Mindshare, Trending
The shares of the company have a PE of 45x, an ROE of 23 per cent and an ROCE of 20 per cent.
Solarium Green Energy Ltd has received a Letter of Award from Numaligarh Refinery Limited (NRL) for an EPC rate contract. The total value of the contract is approximately Rs 3,63,75,265, exclusive of GST. This contract is for the development of grid-connected rooftop solar projects at various NRL locations. The projects include a 140-kW rooftop solar project in NRL Assam, a 760-kW project also in NRL Assam, and a 280-kW project in NRL West Bengal.
The contract is divided into three components. The Supply Contract, valued at Rs 2,91,82,440, covers the plant and equipment. The Service Contract, worth Rs 55,49,180, is for services like transportation, installation, testing, and commissioning. Lastly, the O&M Contract, valued at Rs 16,43,645, is for two years of comprehensive operation and maintenance for all three solar plants. The entire project is to be completed within 90 to 120 days from the date of the award.
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About the Company
Solarium Green Energy Ltd (SGEL), established in 2018, operates as a comprehensive solar energy provider, delivering turnkey solutions that encompass the entire lifecycle of solar power plants, from design and procurement to construction, commissioning, and ongoing operation and maintenance (O&M). Catering to a diverse clientele spanning residential, commercial, industrial, and governmental sectors, SGEL also distributes essential solar components such as PV modules, inverters, and meters, all while adhering to stringent quality and safety standards as evidenced by their BIS and ISO certifications (9001, 14001, 45001). Beyond installation, SGEL manages critical logistical and financial aspects and offers O&M services like panel cleaning, repairs, and system inspections for both public and private entities.
On Monday, shares of Solarium Green Energy Limited plunged 1.14 per cent to Rs 370 per share from its previous closing of Rs 374.25 per share. The company has a market cap of over Rs 700 crore. The shares of the company have a PE of 45x, an ROE of 23 per cent and an ROCE of 20 per cent. The stock is up by 83.2 per cent from its 52-week low of Rs 202 per share.
Disclaimer: The article is for informational purposes only and not investment advice.