Solarium Green Energy Ltd Secures Work Order from NTPC Vidyut Vyapar Nigam Limited, share rises nearly 4.5%

Summary:

Solarium Green Energy Ltd has received a significant work order from NTPC Vidyut Vyapar Nigam Limited (NVVN) for the development of a 500 KW Grid-Connected Rooftop Solar Project at IGM Noida. The total contract value is approximately Rs.17.38 crore (exclusive of GST), marking another milestone for the company in India's renewable energy sector.

Stock Performance:
  • Following the announcement, stock rose 4.4%, reaching an intraday high of Rs.245.35.
  • Market Cap: Rs.500.29 Cr.

Key Highlights:

✅ Company: Solarium Green Energy Ltd

✅ Order Value: Rs.17,37,89,100 (Rs.17.38 Cr approx.)

✅ Client: NTPC Vidyut Vyapar Nigam Ltd

✅ Project: Development of a 500 KW Grid-Connected Rooftop Solar Project at IGM Noida

✅ Scope of Work:

Rs.12.42 Cr – Supply of plant & equipment (Ex-Works)
Rs.1.77 Cr – Local transportation & transit insurance
Rs.3.18 Cr – Installation, civil works & safety provisions
Rs.1.00 Cr – 10-year Operations & Maintenance (O&M)


About the Company:

Incorporated in 2018, Solarium Green Energy Ltd is a solar energy company which specializes in integrated solar solutions and turnkey services.

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