Solarium Green Shares Surge on New MoUs for Solar Panel Supply

Shares of Solarium Green Energy Limited witnessed a sharp rally on Monday, 17 March 2025, rising as much as 9.17% to an intraday high of ₹248. However, by 10:54 AM, the stock had pared some gains, trading 7.86% higher at ₹245, while the BSE Sensex was up 0.36% at 74,096.89. The surge followed the announcement of two significant Memorandums of Understanding (MoUs) with leading solar panel suppliers, Citizen Solar Private Limited and Navitas Solar Private Limited.

MoUs to Secure Solar Panel Supply

Solarium Green, in an exchange filing, confirmed signing two MoUs on 15 March 2025. Under these agreements, Citizen Solar will supply 53.70 Megawatts (MW) of solar panels between March and September 2025, while Navitas Solar will deliver an additional 24.70 MW by December 2025. These agreements collectively ensure the procurement of 78.40 MW of solar panels, crucial for fulfilling existing and upcoming project commitments.

Strategic Impact on Business Operations

These MoUs are vital for maintaining a steady supply of solar panels for ongoing projects and those with Letters of Award (LOA) awaiting execution. Additionally, they will support anticipated demand from tenders where results are pending and facilitate new residential segment orders. The collaboration will enhance Solarium Green’s ability to deliver high-quality solar solutions efficiently and on schedule.

Solarium Green Share Performance 

As of March 17, 2025, at 1:48 PM, the shares of Solarium Green Ltd are trading at ₹237.00 per share, reflecting a surge of 4.34% from the previous closing price. Over the past month, the stock has registered a gain of 1.48%

Conclusion

By securing these MoUs, Solarium Green Energy strengthens its supply chain and reinforces its position in the solar energy sector. This strategic move aligns with the company’s commitment to timely project execution and sustained growth in the renewable energy market.

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