Solar panels company receives new orders worth Rs 26,62,05,179 from NTPC Vidyut Vyapar Nigam Ltd

Solarium Green Energy Ltd has received two significant work orders from NTPC Vidyut Vyapar Nigam Limited (NVVN). The first order, valued at approximately Rs 12,98,82,250 (exclusive of GST), is for the development of a 3319 kW rooftop solar project at various sites in the Northeastern States under the Ministry of Home Affairs. This project was awarded under NVVN's bid documents for "Selection & Discovery of L1 Rates for Rate Contract for EPC of Grid Connected Rooftop Solar PV Projects (51–200 kW) across India," with Bid Reference No. NVVN/C&M/RE-301/2024-25, dated September 19, 2024. The scope includes supply of plant and equipment, local transportation, installation, civil works, and a 10-year comprehensive operation and maintenance (O&M) service, with completion expected within 90 days from the Notice of Award.

The second order, also from NVVN, is valued at approximately Rs 13,63,22,929 (exclusive of GST), for the development of a 3443 kW rooftop solar project at various sites in the Northeastern States, also under the Ministry of Home Affairs. This award falls under NVVN's bid documents for "Selection & Discovery of L1 Rates for Rate Contract for EPC of Grid Connected Rooftop Solar PV Projects (201–1000 kW) across India," with Bid Reference No. NVVN/C&M/RE-302/2024-25, dated September 19, 2024. Similar to the first order, this encompasses the supply of plant and equipment, local transportation, installation, civil works, and a 10-year comprehensive O&M service, with a completion timeline of 120 days from the Notice of Award. The combined value of these two orders totals Rs 26,62,05,179.

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 Tuesday, shares of Solarium Green Energy Limited jumped 4.34 per cent to Rs 402.90 per share from its previous closing of Rs 386.15 per share. The company has a market cap of Rs 831 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 99.5 per cent from its 52-week low of Rs 202 per share.

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