Intimation under Regulation 30 of SEBI (LODR) Regulation, 2015 - Receipt of Letter of Award from Solarium Green Energy Limited

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₹158.55

prior close

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Nifty Microcap 250market · in no size index; the smallest one is used+1.0%+3.9% vs market

Civil Construction peers, median of 98sector+0.0%+5.0% vs sector

On the reaction day the stock moved 3.9 pts more than Nifty Microcap 250 and 5.0 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

GRE Renew Enertech has received a Letter of Award from Solarium Green Energy Limited for a utility-scale ground-mounted solar PV project of about 50 MW AC / 65 MW DC. The scope covers turnkey Engineering, Procurement and Construction (EPC) works along with three years of Operation & Maintenance (O&M) services. The total contract value is ₹175 crore — ₹170 crore for EPC execution and ₹5 crore for O&M over 36 months, exclusive of taxes. The client is a domestic private entity and the order is in the company's ordinary course of EPC business, with no related-party or promoter interest involved. The LOA was received on June 30, 2026.

Likely market impact

This is a sizeable order that strengthens the company's order book and provides multi-year revenue visibility including O&M tail income, signalling continued momentum in its solar EPC segment. For shareholders, it is a positive business development, though the filing itself cautions that no material change in financial position or business model is implied.