Solarium Soars Over 10%; Receives LOA for 50 MW Solar EPC Project

Solarium Green Energy Ltd has received a Letter of Award (LOA) dated April 01, 2026, for a major solar power project in Maharashtra. The award has been issued for work as a sub-contractor under a project of Maharashtra State Power Generation Company Limited (MAHAGENCO).

The scope of work includes end-to-end Engineering, Procurement and Construction (EPC) services. It also includes 3 years of Operation and Maintenance (O&M). The project is for a 50 MWac Solar PV Power Plant in the state of Maharashtra. The project is expected to support the Company’s growth in the renewable energy sector. It will also contribute to revenue over the project execution period.

The total order value is approximately Rs 188.525 crore, excluding GST.

About Solarium Green Energy Ltd

Founded in 2018, Solarium is a provider of turnkey solar solutions. The company offers a complete range of services across the solar project lifecycle. These include design, engineering, procurement, testing, installation, commissioning, and full-scale operation and maintenance (O&M).

Solarium also distributes a range of solar products, including inverters and Availability Based Tariff (ABT) meters. The company was founded by first-generation entrepreneurs. The founding team brings over 21 years of combined experience in the solar industry.

Solarium Green Energy Ltd Share Price and Performance

On Thursday, Solarium shares closed at Rs 160.30, up Rs 14.65, or 10.06 per cent. The stock had opened at Rs 149, reached a high of Rs 172.95, and a low of Rs 149, with the previous close at Rs 145.65.

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