Announced Wed, 1 Apr · 20:39 IST

We are pleased to inform you that our Company has received a Letter of Award (LOA) dated April 01, 2026, as a sub-contractor for Execution of End-to-End EPC works for 50MWac Solar PV Power ....

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Price reaction · full curve 14 horizons · vs prior close
+28.1%1-day move
₹146.00
prior close
₹149.00
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+4.0+4.4+3.7+4.0+28.1+39.5+43.0+37.0+38.0+39.7+58.9+57.9+19.3+22.6
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AI summary

Solarium Green Energy has received a Letter of Award dated April 1, 2026, as a sub-contractor for executing end-to-end EPC works for a 50MWac Solar PV Power Project in Maharashtra. The project is awarded under MAHAGENCO (Maharashtra State Power Generation Company Limited). The total order value is approximately ₹188.525 crore, exclusive of GST. The scope includes Engineering, Procurement, Construction, and 3 years of Operation and Maintenance services. The company states this will strengthen its presence in the renewable energy sector and contribute to revenues over the project execution period.

Likely market impact

This ₹188.5 crore contract is a major win for the company, providing visible revenue visibility. The association with MAHAGENCO adds credibility. The stock is likely to react positively as this represents a substantial order book addition for a mid-sized renewable energy EPC player.