Gre Renew Enertech has secured a turnkey EPC order valued at ₹17,75,21,985 from Standard Solar Limited for a ground-mounted solar power project. The order, received on June 16, 2026, involves the development of a 5.2416 MW DC / 3.90 MW AC grid-connected facility, including associated transmission infrastructure. This contract reinforces the company's position in the solar EPC sector within the domestic market.

Order Details

The project is scheduled for execution over approximately six months as per the agreed timeline. The following table summarizes the key parameters of the order:

Business Context

The order was received in the ordinary course of business and pertains to regular solar EPC operations. The company clarified that the contract is routine in nature and does not involve entry into a new business segment. It does not alter the company's business model, risk profile, or capital structure. The terms are standard commercial terms customary to such contracts, and there are no interests held by promoters or related parties in this transaction.

[GRE Renew Enertech](gre renew enertech) has executed a definitive Engineering, Procurement and Construction (EPC) agreement with Solarium Green Energy Limited for the development of a utility-scale solar project. The agreement, formalized on June 30, 2026, pertains to an approximately 50 MW AC / 65 MW DC ground-mounted Solar PV Project on a turnkey basis. This contract formalizes the arrangements previously outlined in the Letter of Award received on the same date and includes Operation & Maintenance (O&M) Services for a period of three years.

The aggregate contract value stands at ₹175,00,00,000, exclusive of applicable taxes. This amount comprises ₹170,00,00,000 allocated towards the EPC Contract for the execution of the Solar PV Project and ₹5,00,00,000 designated for the O&M Services spanning thirty-six months. The company confirmed that there is no material deviation in the commercial scope or consideration from the Letter of Award previously disclosed, with the new document incorporating detailed contractual terms and conditions.

Project Details

The project involves the execution of EPC works for a utility-scale Solar PV Project. The term of the agreement is effective from June 30, 2026, until the completion of the project, O&M obligations, and fulfilment of all contractual obligations. The company clarified that this agreement has been entered into in the ordinary course of its business operations and does not involve entry into any new business segment. Key project and contract parameters are outlined below:

Regulatory and Business Context

The disclosure was submitted to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. GRE Renew Enertech confirmed that the commercial terms are customary for contracts of this nature and include standard provisions related to payment milestones, performance obligations, warranties, and dispute resolution. Furthermore, the company stated that this award does not result in any change in its business model, capital structure, financial position, or risk profile beyond the ordinary course of business. It was also clarified that neither the promoter group nor group companies have any interest in the transaction, nor is it a related party transaction.