Solarworld Energy Solutions Limited has secured a major contract from NTPC Limited for Battery Energy Storage System (BESS) implementation, marking a significant achievement in the company's energy storage portfolio. The Engineering, Procurement and Construction (EPC) project was awarded on March 28, 2026, at 7:52 p.m. (IST), as disclosed under Regulation 30 of SEBI listing requirements.

Project Overview and Specifications

The awarded contract involves BESS implementation at NTPC's Solapur Super Thermal Power Station under Lot-1 of the tender document CS-0011-171A-9. The project encompasses a substantial capacity of 132 MW/264 MWh, positioning it as a significant energy storage initiative in India's power sector.

Contract Details and Financial Impact

The contract value stands at approximately ₹314.26 crore excluding taxes, representing a substantial addition to Solarworld's order book. As a domestic project awarded by a domestic entity, this contract aligns with India's focus on indigenous energy storage solutions and grid stability enhancement.

The project falls under the BESS Engineering, Procurement and Construction category, requiring Solarworld to handle all aspects from design and equipment procurement to complete system installation and commissioning. The 15-month execution timeline demonstrates the project's scale and complexity.

Regulatory Compliance and Transparency

Solarworld has confirmed that the contract does not involve any related party transactions and was awarded at arm's length. The company's promoters and group companies have no interest in NTPC Limited, ensuring complete transparency in the business relationship.

The disclosure was made in compliance with SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, demonstrating the company's commitment to regulatory adherence and investor transparency.

Strategic Significance

This contract award represents Solarworld's expanding presence in India's energy storage sector, particularly in utility-scale BESS projects. The partnership with NTPC Limited, one of India's largest power generation companies, validates Solarworld's technical capabilities and market positioning in the renewable energy infrastructure space.

Solarworld Energy Solutions Limited has secured approval from its Executive Committee for issuing bank guarantees worth ₹6.75 crores to support its wholly-owned subsidiary's battery energy storage project. The decision was made during the committee meeting held on March 11, 2026.

Project Details and Structure

The bank guarantee will support Solarworld BESS One Private Limited's participation in a significant battery energy storage initiative. The project involves setting up standalone Battery Energy Storage Systems (BESS) under a competitive bidding process conducted by RVUNL and RVPNL.

Financial Arrangements

The company has structured the financial support through non-fund-based facilities. Yes Bank Limited is providing the credit facility to the subsidiary, with the parent company offering the bank guarantee as security.

Regulatory Compliance

The approval was granted in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has committed to submitting additional disclosure requirements to the stock exchanges upon execution of the relevant documents, as per SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Strategic Significance

This development represents Solarworld Energy Solutions' expansion into the battery energy storage sector through its subsidiary structure. The project's competitive bidding nature and the inclusion of Viability Gap Funding support indicate the strategic importance of energy storage solutions in India's power sector infrastructure development.