Solarium Green Energy to Seek Shareholder Approval for ESOP Expansion and Borrowing Limits at AGM
Solarium Green Energy Limited has scheduled its 3rd AGM for September 5, 2025. Key proposals include expanding the ESOP pool from 3,00,000 to 8,00,000 options and increasing borrowing limits to Rs. 500 crore. The company reported strong financial performance for FY 2024-25 with revenue growth of 29.70% and net profit growth of 18.10%. Operational highlights include a significant contribution from the residential rooftop segment and expansion to over 105 cities. The company is also setting up a 1 GW solar module manufacturing facility in Ahmedabad.
05Aug 25
Solarium Green Energy Converts Subsidiary to Private Limited Company
Solarium Green Energy Limited has converted its subsidiary Solarium Ventures LLP into Solarium Ventures Private Limited, incorporated on August 3, 2025, in Gujarat. The new entity, with an authorized capital of Rs. 1,00,000, is wholly owned by Solarium Green Energy Limited. It aims to manufacture solar panels and provide IT services. The subsidiary currently has no operational turnover.
28Jul 25
Solarium Green Energy Secures ₹26.62 Crore Solar EPC Orders from NTPC NVVN
Solarium Green Energy Limited has won two solar EPC contracts worth ₹26.62 crore from NTPC Vidyut Vyapar Nigam Limited (NVVN). The orders involve developing rooftop solar projects totaling 6,762 kW capacity across Northeastern States. The first order, valued at ₹12.99 crore, is for a 3,319 kW project, while the second, worth ₹13.63 crore, is for a 3,443 kW project. Both contracts include 10-year O&M services, providing a long-term revenue stream of approximately ₹6.25 crore. The projects have completion timelines of 90 and 120 days respectively from the date of Notice of Award.
25Jun 25
Solarium Green Energy Partners with National Institute of Solar Energy for Solar Heating Innovation
Solarium Green Energy has announced a collaborative agreement with the National Institute of Solar Energy (NISE) to develop solar heating technology. The partnership aims to accelerate research and development, explore new applications, and enhance the efficiency of solar heating solutions. This collaboration could lead to improved energy efficiency in buildings, reduced reliance on traditional heating methods, lower energy costs, and a decreased carbon footprint associated with heating systems.
24Jun 25
Solarium Green Energy Secures ₹353.3 Crore Order, Boosting Its Position in Green Energy Sector
Solarium Green Energy has won a significant order worth ₹353.3 crore (3.53 billion rupees) in the renewable energy sector. This order is expected to boost the company's revenue, strengthen its market position, and enhance its industry reputation. While specific details about the project and client remain undisclosed, this development reaffirms Solarium's commitment to the growing green energy sector.
12Jun 25
Solarium Green Energy Expands Reach as Regional Partner for WattPower Systems in Western India
Solarium Green Energy has been designated as the regional partner for WattPower Systems in Western India. This partnership is expected to expand Solarium's market presence, provide access to advanced technologies, and offer a competitive advantage in the renewable energy sector. The collaboration aligns with the growing demand for sustainable energy solutions in the region.
11Jun 25
Solarium Green Energy Announces Ambitious Re-entry into Solar Module Manufacturing
Solarium Green Energy, a renewable energy company, has announced plans to re-enter the solar module manufacturing business. The company will establish a new production facility with a 1000MW capacity, utilizing advanced automated technology. This strategic move positions Solarium as a significant player in the solar manufacturing sector and could have substantial implications for the renewable energy market.
10Jun 25
Solarium Green Energy Ramps Up Solar Module Production with 1000MW Capacity
Solarium Green Energy has resumed operations at its solar module manufacturing facility with a capacity of 1000 megawatts (MW). The company has implemented advanced automated technology in its manufacturing process, aiming to enhance production efficiency and maintain high-quality standards. This development positions Solarium Green Energy as a significant player in the solar energy sector and demonstrates its commitment to meeting the growing demand for solar modules.
03Jun 25
Solarium Green Energy Forges Strategic Partnership with WattPower in Renewable Energy Sector
Solarium Green Energy has announced a strategic partnership with WattPower to enhance its value proposition in the renewable energy market. The collaboration aims to leverage both companies' strengths, potentially expanding Solarium's capabilities, market reach, and innovation in sustainable energy solutions. This partnership reflects the industry trend towards collaboration to meet growing global demand for clean energy.
17Mar 25
Solarium Green Secures MOUs for 78.4 MW Solar Panel Supply
Solarium Green has signed two significant MOUs for solar panel supply: 53.7 MW with Citizen Solar and 24.7 MW with Navitas Solar, totaling 78.4 MW. These agreements indicate potential market share growth, revenue increase, and enhanced industry recognition for the company.
21Feb 25
Solarium Green Energy Secures Orders Worth ₹71.55 Crore, Boosting Its Solar Project Portfolio
Solarium Green Energy Limited has won new orders worth ₹71.55 crore, including a major government contract from NTPC Vidyut Vyapar Nigam Limited for ₹55.84 crore to develop grid-connected rooftop solar projects. The company also received private sector orders valued at ₹15.71 crore for supplying PV modules. The government projects, totaling 17,223 KW, are to be completed within 240 days and include 10-year maintenance contracts. Private sector orders are expected to be fulfilled within two months.