We are pleased to inform you that our Company has received two work orders from NTPC Vidyut Vyapar Nigam Limited dated 24th July, 2025, approximately Rs. 26.62 Crore, for the Development ....
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Solarium Green Energy has received two work orders from government PSU NTPC Vidyut Vyapar Nigam Limited (NVVN) dated July 24, 2025, together worth about ₹26.62 crore (exclusive of GST). Order A (~₹12.99 crore) is for developing a 3,319 kW grid-connected rooftop solar project across sites in Northeastern States under the Ministry of Home Affairs, with a 90-day completion window and 10 years of O&M. Order B (~₹13.63 crore) is for a similar 3,443 kW rooftop solar project under MHA with a 120-day completion window and 10 years of O&M. The company says the orders will materially expand its customer base and boost profitability. No related-party involvement is involved, and both orders are domestic.
This is a meaningful new business win from a government-backed client that adds long-tenor revenue visibility via 10-year O&M contracts, likely to be viewed positively by investors. However, the company is small and execution risk, dependence on Northeast sites, and pending formal department confirmation should be tracked.