Synopsis: Solarium Green Energy Limited has secured a Letter of Award (LoA) worth approximately Rs. 186.53 crore for executing EPC works and three years of operation and maintenance services for a 50 MW AC/65 MW DC solar power project in Maharashtra. The order is expected to strengthen the company’s order book and reinforce its presence in India’s fast-growing renewable energy sector.
Shares of Solarium Green Energy Limited are likely to remain in focus after the company announced that it has received a Letter of Award (LoA) for the execution of a large-scale solar power project in Maharashtra.
Solarium Green Energy Limited has a total market capitalization of approximately Rs. 396.53 crore. The company’s shares were trading at Rs. 190 apiece on the stock exchange, up by 5.50 percent during the session. The stock has gained 5.56 percent over the last five trading sessions, while it has declined 2.01 percent over the last month. The stock touched a 52-week high of Rs. 484 and a 52-week low of Rs. 129.15.
According to the company’s regulatory filing, Solarium Green Energy has received a Letter of Award dated June 22, 2026, in the capacity of a sub-contractor for the execution of end-to-end Engineering, Procurement and Construction (EPC) works for a 50 MW AC/65 MW DC Solar PV Power Project in Maharashtra. The project has been awarded under a Maharashtra State Power Generation Company Limited (MAHAGENCO) project.
The contract is valued at approximately Rs. 186.53 crore, excluding GST, and also includes three years (36 months) of Operation and Maintenance (O&M) services following project commissioning. While the EPC execution timeline will be finalized under the definitive EPC agreement, the O&M services will provide the company with recurring revenue for three years after project completion. The company clarified that the contract has been awarded by a domestic entity and does not involve any promoter interest or related-party transaction.
The latest order significantly strengthens Solarium Green Energy’s order book and reinforces its execution capabilities in India’s rapidly expanding solar EPC industry. Utility-scale solar projects continue to remain one of the largest contributors to India’s renewable energy capacity additions as both central and state governments accelerate clean energy investments.
India has set an ambitious target of achieving 500 GW of non-fossil fuel power capacity by 2030, with solar energy expected to account for a significant share of the incremental capacity. Government-backed tenders by agencies such as SECI, NTPC, and state power utilities continue to generate sizeable EPC opportunities for experienced solar engineering companies.
For investors, the Rs. 186.53 crore order enhances the company’s revenue visibility while expanding its presence in utility-scale renewable energy projects. The inclusion of long-term operation and maintenance services also provides recurring income in addition to EPC revenues, improving earnings stability over the project’s lifecycle.
Incorporated in 2018, Solarium Green Energy Limited is engaged in providing integrated solar energy solutions, offering end-to-end Engineering, Procurement and Construction (EPC) services, rooftop solar installations, utility-scale solar projects, and operation and maintenance services across the renewable energy value chain.
The latest LoA further strengthens Solarium Green Energy’s position in India’s renewable energy sector and is expected to support long-term growth as investments in solar power infrastructure continue to accelerate.
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
