Insolation Subsidiary Secures Rs 5,582.9 mn Solar PV Module Contract

14 Jul 2026 CW Team

Insolation Green Energy Private Limited (Insolation Green Energy), a wholly owned subsidiary of Insolation Energy Limited, has been awarded a contract by NTPC Renewable Energy Limited (NTPC Renewable Energy), a wholly owned subsidiary of NTPC Limited, for the supply of solar PV modules. The contract value is Rs 5,582.9 mn inclusive of GST. The order is for domestic supply and is scheduled for execution in the financial year 2026-27.

The company disclosed the award to stock exchanges under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements, 2015 as supplemented by the SEBI master circular dated 30 January 2026. The announcement sets out the significant terms including the nature of the order, which is the supply of solar PV modules to a domestic counterparty. The disclosure noted that the order does not constitute a related party transaction and that there is no interest of promoters in the counterparty.

The contract is to be executed during the financial year 2026-27 and covers the supply of solar PV modules as defined in the order documentation. The amount disclosed is inclusive of goods and services tax and reflects the gross contract consideration. The award adds to the company's order book and aligns with its strategy to grow its presence in the renewable energy equipment supply chain. Management information disclosed in the filing emphasised domestic manufacturing and supply, as set out in the contract terms.

The filing stated that there is no interest of the promoter or promoter group in the entity awarding the contract and confirmed that the contract does not amount to a related party transaction. The disclosure included an annexure with requisite details as per the SEBI master circular and was submitted to both primary exchanges for information and record. The company secretary and compliance officer certified the disclosure on behalf of the company.

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