Solarium Green Energy Limited , a player in the renewable energy sector, has announced a significant milestone in its business operations. The company has secured a Letter of Award (LOA) worth ₹3.63 crores from Numaligarh Refinery Limited (NRL) for the development of grid-connected rooftop solar PV projects across multiple locations.

Contract Details

The contract, awarded on September 12, 2025, encompasses three distinct projects:

1. A 140 kW rooftop solar project at NRL Assam
2. A 760 kW rooftop solar project at NRL Assam
3. A 280 kW rooftop solar project at NRL West Bengal

The total contract value of ₹3,63,75,265 (exclusive of GST) is broken down into three components:

Project Scope and Timeline

The supply contract covers the ex-manufacturing works/place of dispatch price for plant and equipment for all three rooftop solar projects. The service contract includes inland transportation, delivery, insurance, unloading, storage, handling, installation, and commissioning of the equipment.

Solarium Green Energy is expected to complete the facilities for the entire project within 90-120 days from the date of the Notification of Award. Following the completion, the company will provide comprehensive operation and maintenance (O&M) services for a period of two years, as specified in the O&M contract.

Strategic Importance

This order is anticipated to have a positive impact on Solarium Green Energy's business prospects. The company expects that this contract will significantly broaden its customer base and serve as a key driver in enhancing its profitability.

Regulatory Compliance

The company has duly informed the BSE Limited about this development, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure also adheres to the requirements outlined in recent SEBI circulars dated July 13, 2023, November 11, 2024, and December 31, 2024.

Solarium Green Energy Limited continues to make strides in the renewable energy sector with this latest contract win from Numaligarh Refinery Limited.

Solarium Green Energy Limited has announced a significant development in its solar energy business. The company has secured rooftop solar orders worth ₹8.22 crore from NTPC Vidyut Vyapar Nigam Limited (NVVN) for Defense Research and Development Organisation (DRDO) projects across India.

Contract Details

The contract involves the installation of rooftop solar systems at various DRDO facilities nationwide. The orders are part of NVVN's initiative for the "Selection & Discovery of L1 Rates for Rate Contract for EPC of Grid Connected Rooftop Solar PV Projects (201–1000 kW) across India."

The total contract value of ₹8.22 crore (excluding GST) is divided into three separate work orders:

1. ₹3.48 crore for a 1000 kW Rooftop Solar Project at DRDO Chennai
2. ₹2.99 crore for an 860 kW Rooftop Solar Project at DRDO Visakhapatnam
3. ₹1.76 crore for a 505 kW Rooftop Solar Project at DRDO Chandipur

Project Scope and Timeline

Each project encompasses supply, installation, and long-term maintenance of the solar systems:

The company is required to complete the facilities for each project within 120 days from the date of the Notice of Award. Following installation, Solarium Green Energy will provide comprehensive Operation and Maintenance (O&M) services for a period of ten years.

Impact on Business

Ankit Garg, Chairman & Managing Director of Solarium Green Energy, stated that these orders will significantly broaden the company's customer base and serve as a key driver in enhancing profitability. The contracts not only strengthen Solarium's position in the solar energy sector but also highlight its capability to execute projects for prestigious organizations like DRDO.

This development underscores the growing adoption of renewable energy solutions by government entities and reinforces Solarium Green Energy's role in India's transition towards sustainable energy sources.

Investors and stakeholders will likely view this contract positively, as it demonstrates the company's ability to secure substantial projects in the competitive solar energy market. The long-term nature of the O&M contracts also provides Solarium with a steady revenue stream for the next decade, potentially improving its financial stability and growth prospects.