Announced Wed, 1 Jul · 15:02 IST
Signs Rs 175 cr solar EPC pact for 50 MW project
Price
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Price reaction · full curve 14 horizons · vs prior close
-9.2%1-day move
₹166.45
prior close
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AI summary
GRE Renew Enertech has executed an EPC agreement with Solarium Green Energy for a 50 MW AC / 65 MW DC ground-mounted solar PV project, along with 3 years of O&M services. Contract value is Rs 175 crore (Rs 170 cr EPC, Rs 5 cr O&M), excluding taxes. This formalizes the Letter of Award disclosed on June 30, 2026, with no material change in commercial scope. Not a related party transaction and in ordinary course of business.
Likely market impact
Confirms Rs 175 cr revenue pipeline from solar EPC plus 3-year O&M. Positive for order book visibility; routine disclosure.