Synopsis:
The company has secured a notification of award from NTPC Vidyut Vyapar Nigam Limited worth Rs 4.35 crore to install a rooftop solar plant at AIIMS in Uttarakhand.
The shares of a microcap solar company that specialises in offering complete turnkey solar solutions and supplies solar PV Inverters are on the radar after obtaining a contract from the NTPC Vidyut Vyapar Nigam Limited worth Rs.4.35 crores.
With a market capitalization of Rs.708.89 crore, the shares of Solarium Green Energy Limited were trading at Rs.340, down by 0.44 percent from the previous day’s closing price of Rs.341.50.
Rooftop Solar Project
Solarium Green Energy Limited has been issued a Notification of Award by NTPC Vidyut Vyapar Nigam Limited for setting up a 1320 kW rooftop solar project at AIIMS Rishikesh, Uttarakhand, with a contract value of Rs.4.35 crores.
The first part of the project covers the supply order, which involves producing and delivering the necessary equipment and materials for the 1320 kW rooftop solar project.
The second part is the work order, which includes tasks such as local transportation, insurance while the equipment is being moved, installation, civil work, and other related services, along with ensuring all safety measures for the project.
The third part is the Service Order, which covers the operations and maintenance of the rooftop solar plant, ensuring it runs efficiently throughout this period. The project is expected to be completed within 180 days from the date of award.
The project is awarded under NVVN’s tender process for identifying the lowest bid rates for an EPC rate contract for grid-connected rooftop solar projects exceeding 1000 kW.
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About the company
Solarium Green Energy Limited offers complete turnkey solutions, handling everything from design, engineering, and procurement to construction, installation, testing, commissioning, and setting up the connected transmission systems. The company also provides various solar products, such as solar PV modules, solar PV inverters, and availability-based tariff meters.
Based on the latest information, the company currently has uncompleted orders worth Rs.125 crore, which are expected to be finished by FY26. Its total pending work rises to Rs.243 crore, and it has also submitted bids for new projects totaling Rs.44 crore.
The company’s revenue increased from Rs.177 crore in FY24 to Rs.230 crore in FY25, while net profit grew from Rs.15.74 crore to Rs.18.58 crore during the same period. On a half-yearly basis, revenue grew from Rs.81.9 crore in H1FY25 to Rs.148 crore in H2FY25, while net profit grew from Rs.8 crores to Rs.11 crores for the same period.
The company shows a return on equity of 23 percent and a return on capital employed of 20 percent. With a price-to-earnings ratio of 38.04 compared to the industry average of 20.93.
Written by Jhanavi Sivakumar
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