This Green Energy Micro-cap Company Secures Major Orders Worth Rs 71.55 crore; Stock Price Locked in the 5 Per cent Upper Circuit!
The company has a market cap of Rs 484 crore with a PE of 31x, an ROE of 124 per cent and an ROCE of 56.3 per cent.
Solarium Green Energy Limited has announced a significant. The company has successfully secured multiple orders, strengthening its presence in the renewable energy sector.
Major Orders Secured
- Grid-Connected Rooftop Solar Projects from NTPC Vidyut Vyapar Nigam Limited (NVVN)
Solarium Green Energy has been awarded multiple orders from NTPC Vidyut Vyapar Nigam Limited (NVVN) for the development of grid-connected rooftop solar projects. The total order value stands at approximately Rs55.84 crore (exclusive of GST). These projects are set to be executed across various locations of the Central Armed Forces and Departments under the Ministry of Home Affairs, covering:
- Zone 2 (Madhya Pradesh, Chhattisgarh, Odisha)
- Zone 4 (Uttar Pradesh)
- Lucknow
The awarded projects include:
-
- 10,267 KW Grid
- 6,929 KW Grid
- 27 KW Grid
The projects align with the government’s push toward renewable energy adoption and energy efficiency in key institutional sectors.
- Supply Orders for Bifacial Topcon Half-cut 132 Cells PV Modules
Solarium Green Energy has also received four supply orders from various client companies, amounting to approximately Rs 15.70 crore (exclusive of GST). These orders pertain to the supply of Bifacial Topcon Half-cut 132 cells - Glass to Glass PV modules manufactured by TRINA.
The supply of these advanced solar modules reinforces the company’s role in providing high-efficiency solar solutions to clients.
About the Company
Solarium Green Energy Ltd. engages in the development of renewable energy solutions. It provides turnkey solar solutions, including design, engineering, procurement, construction, commissioning, and Operation & Maintenance (O&M) services. The firm serves various projects including residential rooftops, commercial and industrial (C&I) installations, ground-mounted systems, and government solar initiatives. The company was founded on December 17, 2015 and is headquartered in Ahmedabad, India.
The company has a market cap of Rs 484 crore with a PE of 31x, an ROE of 124 per cent and an ROCE of 56.3 per cent. Investors should keep an eye on this micro-cap stock penny stock.
Disclaimer: The article is for informational purposes only and not investment advice.