Solarium Green Energy Limited has announced a significant milestone in its renewable energy portfolio. The company has secured a Notification of Award worth ₹4.35 crore (excluding GST) from NTPC Vidyut Vyapar Nigam Limited (NVVN) for a 1320 kW Rooftop Solar Project at AIIMS-Rishikesh, Uttarakhand.

Contract Details

The contract, awarded on September 24, 2025, is part of NVVN's initiative for the "Selection & Discovery of L1 Rates for Rate Contract for EPC of Grid Connected Rooftop Solar PV Projects (Above 1000 kW) across India." The project encompasses three key components:

Project Timeline

Solarium Green Energy is required to complete the facilities within 180 days from the date of the Notification of Award, setting a tight deadline for project execution.

Strategic Importance

Ankit Garg, Chairman & Managing Director of Solarium Green Energy Limited, emphasized the strategic importance of this contract, stating, "This order will significantly broaden our customer base and serve as a key driver in enhancing the company's profitability."

Contract Transparency

The company has confirmed that this is not a related party transaction, and the promoters have no interest in NTPC Vidyut Vyapar Nigam Limited, the entity awarding the contract.

Market Impact

This new contract represents a positive development for Solarium Green Energy Limited, potentially strengthening its position in the renewable energy sector. The successful execution of this project could pave the way for more significant contracts in the future, contributing to the company's growth trajectory in the burgeoning solar energy market.

Investors and stakeholders will likely be watching closely to see how efficiently Solarium Green Energy can deliver on this project, given the tight timeline and the potential for future opportunities in the sector.

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.