BSECompany Update23 Jun 2026 · 23 Jun 2026, 05:51 pm
We are pleased to inform you that our company has received a Letter of Award dated June 22, 2026.
Solarium Green Energy Ltd · 544354
✦ AI Summary▲ PositiveOrder Win
Solarium Green Energy Ltd has received a Letter of Award (LOA) dated June 22, 2026, as a sub-contractor for a 50 MW AC/65 MW DC Solar PV Power Project in Maharashtra. The order encompasses End-to-End Engineering, Procurement and Construction (EPC) works and three years of Operation and Maintenance (O&M) services for a project awarded by MAHAGENCO. With an approximate value of ₹186.525 Crore (exclusive of GST), this contract is expected to strengthen the company's position in the renewable energy sector and significantly boost its revenues.
Analysis Scores
Earnings Impact9/10
Growth Catalyst9/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment9/10
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Full Announcement
Solarium Green Energy Ltd - 544354 - Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
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Date: June 23, 2026
The Manager-Listing
BSE Limited
Phiroze Jeejeebhoy Towers,
Dalal Street, Mumbai – 400001
Respected Sir/Ma’am,
Sub: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015-
Receipt of Letter of Award (LOA).
Ref: Solarium Green Energy Limited (Security Id.: SOLARIUM, Security Code: 544354, ISIN: INE0W0H01017)
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are
pleased to inform you that our company has received a Letter of Award (LOA) dated June 22, 2026, as a sub-contractor,
for execution of End-to-End Engineering, Procurement and Construction (EPC) works, including Three (3) Years
(Thirty-Six (36) Months) of Operation and Maintenance (O&M) services, for a 50 MW AC/65 MW DC Solar PV Power
Project in the State of Maharashtra, awarded under a project of Maharashtra State Power Generation Company Limited
(MAHAGENCO). The total order value is approximately ₹186.525 Crore (Rupees One Hundred Eighty-Six Crore Fifty-
Two Lakh and Fifty Thousand only) exclusive of GST.
This order is expected to strengthen the Company’s presence in the renewable energy sector and contribute to the
Company’s revenues over the project execution period.
Further Details with respect to said order as required under Regulation 30 of Listing regulations read with SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No.
HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 is enclosed as Annexure A.
You are requested to kindly note the same.
Thanking you,
Yours faithfully,
For, Solarium Green Energy Limited
Ankit Garg
Chairman & Managing Director
DIN: 08027760
Place: Ahmedabad
Encl: A/a
Annexure A
Details with respect to said order as required under regulation 30 of listing regulations read with SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No.
HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 are attached herewith:
Sr. Particulars Details
1. Name of the entity awarding the ****
order(s)/contract(s);
2. Whether order(s) / contract(s) is awarded to Domestic
domestic/ international entity
3. Significant terms and conditions of Execution of End-to-End Engineering, Procurement and
order(s)/contract(s) awarded, in brief; Construction (EPC) works as a sub-contractor for a 50 MW
AC/65 MW DC Solar PV Power Project on a turnkey basis,
including Operation and Maintenance (O&M) services for a
period of Three (3) Years (Thirty-Six (36) Months)
4. Time period, if any, associated with the The EPC execution schedule shall be as specified in the
order(s)/ contract(s); definitive EPC Agreement to be executed between the parties.
The Operation & Maintenance (O&M) period shall be Three
(3) Years (Thirty-Six (36) Months).
5. Broad commercial consideration or size of Approximately ₹186.525 Crore (Rupees One Hundred Eighty-
the order(s)/contract(s); Six Crore Fifty-Two Lakhs Fifty Thousand only), exclusive of
6. Whether the promoter/ promoter group / No
group companies have any interest in the
entity that awarded the order(s)/contract(s)?
If yes, nature of interest and details thereof
7. Whether the order(s)/contract(s) would fall No
within related party transactions? If yes,
whether the same is done at “arm’s length”
*** Note: The Company has received the Letter of Award in the capacity of a sub-contractor, in relation to a project awarded
by Maharashtra State Power Generation Company Limited (MAHAGENCO) for one of its clients. In view of the
confidentiality obligations and mutual understanding with the said client, the name of the entity is not being disclosed.
For, Solarium Green Energy Limited
Ankit Garg
Chairman & Managing Director
DIN: 08027760
Place: Ahmedabad