GRE Renew Enertech Limited has received a Letter of Award (LOA) from Solarium Green Energy Limited for execution of Engineering, Procurement and Construction (EPC) works for a utility-scale ground-mounted Solar PV Project.
The LOA pertains to execution of EPC works on a turnkey basis for development of an approximately 50 MW AC / 65 MW DC Ground Mounted Solar PV Project, including associated civil, structural, electrical and allied infrastructure works, together with Operation & Maintenance (O&M) Services for a period of three (3) years.
Key Contract Details
- Awarding Entity: Solarium Green Energy Limited (Domestic Entity)
- Date of Receipt: June 30, 2026
- Contract Type: Letter of Award for EPC works on turnkey basis with O&M services
- Project Capacity: 50 MW AC / 65 MW DC Ground Mounted Solar PV Project
- Contract Value: Aggregate value of ₹175,00,00,000 (Rupees One Hundred Seventy-Five Crore Only), exclusive of applicable taxes
- EPC Contract Component: ₹170,00,00,000
- O&M Services Component: ₹5,00,00,000 (for 3 years/36 months)
- Time Period for Execution: As per the terms and project schedule of the Letter of Award
Business Context
- The award is received in the ordinary course of the company's regular Engineering, Procurement and Construction (EPC) operations
- No promoter/promoter group/group companies have any interest in this contract
- Not a related party transaction
- Does not involve entry into any new business segment
- Does not result in any change in the Company's business model, capital structure, financial position or risk profile beyond ordinary course
- Commercial terms are customary for contracts of this nature without unusual stipulations