In terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, we are pleased to inform that our company has received Notification of Award of approximately ....
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Solarium Green Energy has received a Notification of Award worth approximately ₹8.06 crore (excluding GST) from NTPC Vidyut Vyapar Nigam Limited (NVVN), a government PSU subsidiary of NTPC. The order covers a 2,083 kW rooftop solar project at Salem Steel Plant in Tamil Nadu, awarded under NVVN's rate contract tender for grid-connected rooftop solar projects above 1,000 kW across India. The contract is split into three parts: supply of plant and equipment (₹5.23 crore), installation, transportation and civil works (₹0.88 crore), and a 10-year operations & maintenance service order (₹1.96 crore). The project must be completed within 180 days from the award date of September 18, 2025. The company states that this order will significantly broaden its customer base and act as a key driver for profitability.
Positive for the stock — adds a government-backed order to the order book and provides 10 years of recurring O&M revenue visibility. For a small-cap solar EPC company, an ₹8+ crore award from a credible PSU client like NVVN is a meaningful business win and could lift near-term revenue.