Solarium Green Energy Stock Hits Upper Circuit: Know Why

Solarium Green Energy Limited has secured orders worth ₹72 crore after its recent listing on the BSE SME platform. These orders include contracts from NTPC Vidyut Vyapar Nigam Limited (NVVN) and private clients for rooftop solar projects and the supply of solar photovoltaic (PV) modules.

₹55.84 Crore Orders from NTPC

The company has been awarded multiple contracts from NTPC Vidyut Vyapar Nigam Limited, amounting to ₹55.84 crore (excluding GST), for the development of grid-connected rooftop solar projects at various government locations.  The orders are divided into:

• ₹34.22 crore for 10,267 kW Grid Solar Projects in Madhya Pradesh, Chhattisgarh, and Odisha
• ₹21.54 crore for 6,929 kW Grid Solar Projects in Uttar Pradesh
• ₹8.16 lakh for a 27 kW Grid Solar Project at REC Lucknow

The scope of work includes supply, installation, transportation, and maintenance of solar panels. The projects are part of a renewable energy initiative for the Central Armed Forces and the Ministry of Home Affairs. 

The company is expected to complete installation within 240 days from the date of receiving the order.

₹15.70 Crore Orders for Solar PV Modules

In addition to project development, Solarium Green has received ₹15.70 crore (excluding GST) worth of orders from multiple private clients for the supply of Bifacial Topcon Half-cut 132 Cells – Glass-to-Glass PV Modules (TRINA). The names of these clients have not been disclosed.

These solar modules will be supplied within two months from the date of the purchase order. 

Market Update

As of 9:28 AM on February 21, 2025, Solarium Green Energy Ltd is trading at ₹232.10, up ₹11.05 (5.00%) today. Over the past five days, the stock has dipped 0.62%, but since its listing on February 14, 2025, it has gained 4.34% overall.

The company has stated that these orders will be fulfilled within the given timelines, with a 10-year operations & maintenance contract applicable to the NTPC solar projects. 

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