In terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are pleased to inform you that our Company has received a Notification of Award ....
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Solarium Green Energy has received a Notification of Award worth approximately Rs 4.35 crore (excluding GST) from NTPC Vidyut Vyapar Nigam Ltd (NVVN), a government PSU, for setting up a 1320 kW rooftop solar project at AIIMS-Rishikesh in Uttarakhand. The order is split into three parts: a supply order for plant and equipment worth Rs 3.03 crore, a work order for transportation, installation and civil works worth Rs 48 lakh, and a 10-year operations and maintenance (O&M) service contract worth Rs 84 lakh. The installation must be completed within 180 days from the award date. The company stated the order will broaden its customer base and improve profitability. No related party interest is involved.
This is a positive development as it adds a marquee government-backed client (NVVN, a subsidiary of NTPC) and a prestigious institutional project (AIIMS-Rishikesh). The 10-year O&M component provides long-term recurring revenue visibility beyond the initial EPC work, which may support stock sentiment.