Disclosure under Regulation 30 of SEBI (LODR) Regulation, 2015 - Receipt of Order for Execution of EPC Contract
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GRE Renew Enertech Ltd has received a new EPC contract worth ₹12.95 crores (inclusive of taxes) from Ajita Sil-Chem Private Limited, a domestic entity. The order is for the turnkey development of a 4032 kW (DC) / 3000 kW (AC) grid-connected captive ground-mounted solar power plant. Execution is expected to take approximately 6 months as per the agreed project schedule. The company clarified that this is a routine order received in the ordinary course of its existing solar EPC business and does not involve any new business segment or change in business model. The order is not a related party transaction and promoter group companies have no interest in it.
This adds to the company's order book in its core solar EPC segment, providing near-term revenue visibility. For shareholders, it signals continued order inflows, though the contract is described as routine and in the ordinary course of business.