Solar Panels Company Signs MoUs with Citizen Solar Pvt Ltd & Navitas Solar Pvt Ltd
The shares of the company have a PE of 33x, an ROE of 124 per cent and an ROCE of 56 per cent.
Solarium Green Energy Limited has solidified its supply chain by entering into two strategic Memoranda of Understanding (MOUs) on March 15, 2025. The agreements, established with Citizen Solar Private Limited and Navitas Solar Private Limited, both prominent solar panel suppliers, aim to secure a substantial volume of solar panels. Citizen Solar will provide 53.70 Megawatts of Mono Perc solar panels (545wp to 550wp) between March and September 2025, while Navitas Solar will supply 24.70 Megawatts of solar PV modules by the end of December 2025. Collectively, these MOUs guarantee a total supply of 78.40 Megawatts, ensuring a robust inventory for Solarium's projects.
These agreements are crucial for Solarium Green Energy Limited to fulfil its existing order commitments and to execute projects for which Letters of Award (LOAs) have already been received. Furthermore, these MOUs proactively address anticipated demand from ongoing tender bids and facilitate the execution of new orders within the residential segment. The terms of both MOUs include a 25% advance payment followed by a 75 per cent payment before each truck dispatch, ensuring a structured financial arrangement. Both suppliers are also responsible for quality assurance, committing to replace any defective panels at their own expense.
Specifically, the MOU with Citizen Solar Private Limited outlines a supply of 53.70 Megawatts, effective until September 30, 2025, with a 60-day written notice termination clause. The agreement with Navitas Solar Private Limited commits to a supply of 24.70 Megawatts by the end of December 2025. Neither agreement involves any shareholding by Solarium in the supplier entities. Both agreements ensure panels meet agreed specifications and quality standards.
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Solarium Green Energy Ltd (SGEL), established in 2018, operates as a comprehensive solar energy provider, delivering turnkey solutions that encompass the entire lifecycle of solar power plants, from design and procurement to construction, commissioning, and ongoing operation and maintenance (O&M). Catering to a diverse clientele spanning residential, commercial, industrial, and governmental sectors, SGEL also distributes essential solar components such as PV modules, inverters, and meters, all while adhering to stringent quality and safety standards as evidenced by their BIS and ISO certifications (9001, 14001, 45001). Beyond installation, SGEL manages critical logistical and financial aspects and offers O&M services like panel cleaning, repairs, and system inspections for both public and private entities.
The company has a market cap of over Rs 500 crore. The shares of the company have a PE of 33x, an ROE of 124 per cent and an ROCE of 56 per cent. The stock is up by 22.3 per cent from its 52-week low of Rs 202 per share. Investors should keep an eye on this solar stock.
Disclaimer: The article is for informational purposes only and not investment advice.