Announced Tue, 23 Jun · 17:51 IST
Solarium Green Energy bags 186.5 Cr solar EPC order from MAHAGENCO
Price
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Price reaction · full curve 14 horizons · vs prior close
+4.3%1-day move
₹178.00
prior close
₹198.10
base price
After-mkt
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-1.3-5.6-4.2-3.2+4.3+0.6+2.2+0.1+0.6+1.3-1.7-2.2——
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AI summary
Solarium Green Energy has received a Letter of Award worth about 186.5 Crore (excluding GST) as a sub-contractor for a 50 MW AC/65 MW DC solar power project in Maharashtra, awarded under a MAHAGENCO project. The scope covers full EPC work plus 3 years of O&M services. The client name is not disclosed due to confidentiality. The order is domestic and is expected to boost the company's renewable energy revenue.
Likely market impact
Substantial order win from a state PSU should support revenue growth and strengthen position in the renewable energy sector.