Synopsis: Solarium Green Energy Limited announced on April 1, 2026, that it has received a Letter of Award as a sub-contractor for a 50 MWac Solar PV EPC project in Maharashtra under MAHAGENCO, with a total contract value of ₹188.525 crores excluding GST.
Ahmedabad-based Solarium Green Energy Limited secured its largest recent project on April 1, 2026 a 50 MWac Solar PV EPC order in Maharashtra. Linked to a MAHAGENCO initiative, the contract marks a major scale-up for the company, covering end-to-end engineering, procurement, and construction.
This is the company’s biggest order in recent months, representing an increase in the size of projects undertaken by the company. This order is valued at ₹188.525 Crores.
Significantly, the company has chosen not to disclose the name of the direct awarding entity, as per their confidentiality clause. This is quite common for sub-contractors on projects undertaken by state utilities. This order does not involve any related-party risks, and the EPC Agreement is expected to be executed shortly.
The share price of Solarium Green Energy experienced high volatility during the morning trading session on April 2, 2026. After seeing a minor upswing to ₹172.95 earlier in the day, the stock settled into a modest recovery to trade at ₹154.95, up 6.39 percent from its previous close.
Despite this intraday bounce, the stock remains in a volatile period, having hit a recent low of ₹158.90 on February 20, 2026. While the price shows potential for further movement in either direction, investors are eyeing the formal signing of the ₹188.52 crore EPC contract as the next major catalyst for the stock’s valuation.
Company Overview
Solarium Green Energy Limited was founded in 2015 and has its headquarters in Ahmedabad. The company offers integrated solar solutions to its customers. Recently, the company achieved a monumental operational milestone in March 2026 by commissioning a 1 GW Solar Module Manufacturing Facility in Ahmedabad.
The facility has been established at a capital cost of approximately ₹90 Crores. Currently, the share price has the potential to go up or down in the coming days. For the investors, the signing of the contract would be the next big trigger for the share price. The company has been a leader in the renewable energy sector in India and has been able to bridge the gap in high-tech manufacturing and infrastructure execution.
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