Solarium Green Energy Ltd, a leading solar energy company in India, witnessed a sharp rally in its stock price, surging over 4.3% intraday after securing two major rooftop solar project orders worth ₹26.62 crore from NTPC Vidyut Vyapar Nigam Limited (NVVN).
As of the latest market update, the stock was trading at ₹400 per share, up from the previous close of ₹386.15, bringing the company’s market capitalization to ₹833.98 crore.
The first contract, worth approximately ₹12.99 crore, was awarded on July 24, 2025, for the development of a 3319 kW rooftop solar project across various locations in India’s Northeastern States, under the Ministry of Home Affairs.
The second order, worth ₹13.63 crore, was also received on the same day for the execution of a 3443 kW rooftop solar installation at different sites in the Northeast. Both orders are exclusive of GST, bringing the total value to ₹26.62 crore.
Strong Financials and Outlook
Solarium’s revenue jumped 80%, rising from ₹82 crore in H1FY25 to ₹148 crore in H2FY25, while net profit increased by 38%, from ₹8 crore to ₹11 crore during the same period.
The company has a robust order book of ₹120 crore carried forward into FY26 and has emerged as the lowest bidder (L1) for additional projects worth ₹243 crore, with work orders expected soon. It is also actively bidding for ₹44 crore worth of tenders.
The management remains optimistic, projecting ₹363 crore in revenue visibility for FY26 and maintaining a healthy EBITDA margin of 11–13%, despite competitive pressure and expansion-related expenses.
About Solarium Green Energy
Solarium Green Energy Ltd is a leading provider of turnkey solar energy solutions, offering end-to-end services, including design, engineering, procurement, construction, commissioning, and O&M of solar power plants across India.
📢 Disclaimer: This article is for informational purposes only and should not be considered investment advice.
