In terms of Regulation 30 of SEBI (LODR) Regulations 2015, we are pleased to inform that our Company has received Notification of Awards (NOA) from GAIL of aggregating approximately of ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Solarium Green Energy has received Notification of Awards totalling approximately ₹18.77 crore for rooftop solar projects aggregating 5,996 kW capacity across multiple states. The largest order is for a 5,546 kW project at GAIL-Raigad, Maharashtra, worth about ₹17.43 crore. Smaller orders cover sites in Gujarat, Uttar Pradesh (2 sites), and Odisha (2 sites). The awards were issued by NTPC Vidyut Vyapar Nigam Limited (NVVN), a government PSU, on behalf of GAIL, which is also a government PSU. The package includes a supply contract (~₹14.59 cr), a service/installation contract (~₹2.29 cr), and a 5-year operations & maintenance contract (~₹1.90 cr). Completion timelines range from 90 to 180 days from the award date.
Positive — the company has won a sizeable multi-site order from a marquee government client (GAIL) via NVVN, which diversifies its customer base and adds a long-term O&M revenue stream. For a small-cap solar EPC company, this is a meaningful order win that could lift near-term execution and earnings visibility.