Solar Panels Company Bags New Order Worth Rs 3,06,20,782 From BSF Jammu
The stock is up by 19 per cent from its 52-week low of Rs 202 per share.
Solarium Green Energy Limited has secured a significant domestic work order from BSF Jammu, dated March 28, 2025, valued at approximately Rs 3,06,20,782 (excluding GST). This contract entails the comprehensive provision, installation, testing, and commissioning of 25 KWP off-grid solar power plants at 10 Border Outposts (BOPs) within the SHQ BSF Indreshwar Nagar, under the FTR HQ BSF Jammu. The project, adhering to CPWD payment norms, encompasses design, supply, installation, testing, and commissioning of the solar PV plants, along with alternative lighting arrangements, RCC-framed structures for control/battery rooms, and CC pavement up to the control rooms for BOPs of multiple BSF battalions. The scope also includes a 5-year onsite maintenance and warranty period, with a project completion timeline of 12 months, commencing 10 days after the letter of acceptance.
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.
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The company has a market cap of Rs 497 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 19 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.