Solar panels company receives new order worth Rs 8,05,87,837 from NTPC Vidyut Vyapar Nigam Ltd

DSIJ Intelligence-1 / 20 Sep 2025/ Categories: Mindshare, Trending

Solar panels company receives new order worth Rs 8,05,87,837 from NTPC Vidyut Vyapar Nigam Ltd

The stock is up by 72.8 per cent from its 52-week low of Rs 202 per share.

Solarium Green Energy Ltd (SGEL) has received a Notification of Award from NTPC Vidyut Vyapar Nigam Limited (NVVN) for a 2,083 kW rooftop solar project at the Salem Steel Plant in Tamil Nadu. The contract is valued at Rs 8,05,87,837, exclusive of GST, and was awarded under NVVN's rate contract for large-scale grid-connected rooftop solar projects. The project's total value includes a supply order for plant and equipment (₹ 5.23 crore), a work order for installation and other services (Rs 87.62 lakh), and a service order for ten years of operation and maintenance (Rs 1.96 crore). SGEL is required to complete the project within 180 days from the notification date.

Earlier, the company received a contract from Numaligarh Refinery Limited (NRL), valued at approximately Rs 3,63,75,265 (exclusive of GST). The contract involves the development of three grid-connected rooftop solar projects: a 140-kW and a 760-kW project in NRL, Assam, along with a 280-kW project in NRL, West Bengal. This is a rate contract that covers the supply of equipment (worth Rs 2.92 crore), services like installation and commissioning (worth Rs 55.49 lakh), and a two-year operation and maintenance agreement (worth Rs 16.44 lakh).

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.

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On Monday, shares of Solarium Green Energy Limited plunged 2.54 per cent to Rs 348.7 per share from its previous closing of Rs 357.80 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 72.8 per cent from its 52-week low of Rs 202 per share.

Disclaimer: The article is for informational purposes only and not investment advice.