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