Solar panels company secures new order worth Rs 4,34,70,663 from NTPC Vidyut Vyapar Nigam Ltd

DSIJ Intelligence-1 / 26 Sep 2025/ Categories: Mindshare, Trending

Solar panels company secures new order worth Rs 4,34,70,663 from NTPC Vidyut Vyapar Nigam Ltd

The stock is up over 70 per cent from its 52-week low of Rs 202 per share.

Solarium Green Energy Ltd (SGEL) has secured a new order from NTPC Vidyut Vyapar Nigam Limited (NVVN) for a 1320 kW Rooftop Solar Project at AIIMS-Rishikesh, Uttarakhand, under NVVN's rate contract for large-scale grid-connected rooftop solar PV projects. The total value of the Notification of Award (NOA), dated September 24, 2025, is approximately Rs 4,34,70,663/- (exclusive of GST). This total order comprises three parts: a Supply Order for Plant and Equipment (Order Ref No. NVVN/C&M/RE-461/2025-26/FC) worth 3,03,05,909.00, a Work Order for installation and civil works (Order Ref No. NVVN/C&M/RE-461/2025-26/SC) valued at Rs 47,98,983.00, and a Service Order for 10 years of Operation & Maintenance (O&M) (Order Ref No. NVVN/C&M/RE-461/2025-26/TC) amounting to Rs 83,65,771.

Earlier, the company 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 (Rs 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).

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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.

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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 over 70 per cent from its 52-week low of Rs 202 per share.

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