GRE Renew Enertech Limited has announced the receipt of a substantial EPC contract worth ₹12.95 crores from Ajita Sil-Chem Private Limited for solar power plant development. The company made this disclosure on March 25, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Contract Details and Specifications

The awarded contract encompasses the turnkey development of a 4032 kW (DC) / 3000 kW (AC) grid-connected captive ground-mounted solar power plant. The comprehensive EPC (Engineering, Procurement and Construction) agreement represents a significant addition to the company's project portfolio.

Regulatory Compliance and Business Context

The contract award was received on March 25, 2026, and falls within the company's ordinary course of business operations. GRE Renew Enertech Limited confirmed that this agreement does not involve any promoter group interests or related party transactions, maintaining transparency in its business dealings.

Company Clarification

The company emphasized that this order represents routine business activity within its existing Engineering, Procurement and Construction operations. The management clarified that the contract does not involve entry into new business segments and maintains standard commercial terms customary to such agreements. The terms and conditions do not contain unusual or extraordinary stipulations, ensuring alignment with the company's established operational framework.

This development reinforces GRE Renew Enertech Limited's position in the solar EPC sector, demonstrating continued client confidence in the company's project execution capabilities. The contract's substantial value and technical specifications highlight the company's capacity to handle significant solar infrastructure projects within the domestic market.