Solarworld Energy Solutions Limited has secured a major contract from NTPC Limited for a Battery Energy Storage System (BESS) project at Feroze Gandhi Unchahar Thermal Power Station. The company received the award letter on March 30, 2026, marking a significant milestone in its renewable energy portfolio under SEBI Regulation 30 disclosure requirements.

Project Specifications

The awarded project encompasses comprehensive EPC services for BESS Implementation at NTPC Thermal Power Station (Lot-2). The contract details demonstrate the scale and strategic importance of this energy storage undertaking.

Regulatory Compliance

The contract award was formally disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure confirms this is a domestic contract with NTPC Limited, with no related party transactions involved. The company secretary Varsha Bharti signed the regulatory filing, ensuring full compliance with stock exchange requirements.

Strategic Significance

This contract positions Solarworld Energy Solutions as a key player in India's expanding energy storage market. The project involves complete engineering, procurement, and construction services, demonstrating the company's comprehensive capabilities in battery energy storage implementation. The integration of BESS technology at thermal power stations represents the evolving power generation landscape, where energy storage systems enhance grid stability and operational efficiency.

The 50 MW power capacity with 100 MWh energy storage will provide crucial grid support services to NTPC's thermal operations, underscoring the increasing adoption of battery storage solutions in conventional power facilities for improved grid management and operational flexibility.

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.