GRE Renew Enertech Secures ₹175 Crore Contract for Utility-Scale Solar PV Project
GRE Renew Enertech Ltd., a company specializing in renewable energy projects development and EPC services, has received a Letter of Award (LOA) from Solarium Green Energy Limited. The contract involves executing the Engineering, Procurement, and Construction (EPC) works for a utility-scale groundmounted Solar PV Project, alongside providing Operation & Maintenance (O&M) Services.The LOA pertains to developing an approximately 50 MW AC / 65 MW DC Ground Mounted Solar PV Project. GRE Renew Enertech will be responsible for the turnkey execution of the EPC works, which includes associated civil, structural, electrical infrastructure, and related projects. The contract also mandates O&M Services over a period of three years.
The total value of the aggregate contract is ₹175,00,00,000/-, exclusive of applicable taxes. This amount is split between the EPC Contract for the Solar PV Project, amounting to ₹170,00,00,000/-, and the O&M Services component, valued at ₹5,00,00,000/- over thirty-six months.
Key details of the contract awarded are provided below:
| Particulars | Details |
|---|---|
| Awarding Entity | Solarium Green Energy Limited (Domestic) |
| Type of Order | Letter of Award for EPC works and O&M Services |
| Date of Receipt | June 30, 2026 |
| Project Capacity | Approximately 50 MW AC / 65 MW DC |
| Total Contract Value | ₹175,00,00,000/- |
| EPC Component Value | ₹170,00,00,000/- |
| O&M Services Value (3 years) | ₹5,00,00,000/- |
The company confirmed that the project falls within its ordinary course of business and is consistent with its existing line of work as a renewable energy EPC provider. The LOA does not necessitate entry into any new business segment, nor does it result in any change to the Company's capital structure or financial position beyond the scope of routine operations.
Stock Price Movement
As of 14:02, shares of GRE Renew Enertech Ltd are climbing strongly, trading at ₹166.45 after rising by +4.98%. The stock has moved within a narrow intraday range, fluctuating between a low of ₹165.90 and a high of ₹166.45.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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