+
Solarium Green Wins 7 MW Rooftop Solar Project from NVVN
POWER & RENEWABLE ENERGY

Solarium Green Wins 7 MW Rooftop Solar Project from NVVN

Solarium Green Energy has secured a 6,929 kW grid-connected rooftop solar contract from NTPC Vidyut Vyapar Nigam (NVVN) for installations at various central armed forces and Ministry of Home Affairs departments in Uttar Pradesh (Zone 4). The project, valued at Rs 215.43 million, includes design, engineering, supply, civil construction, erection, testing, commissioning, and grid interfacing, to be completed within 240 days from the notice of award. Solarium will also manage operations and maintenance for ten years. 
NVVN plans to finance the package through external commercial borrowings, domestic borrowings, or its own funds. 

Solarium Green recently went public, with its initial public offering (IPO) subscribed 8.83 times. The retail segment saw 5.07 times subscription, non-institutional investors’ category was subscribed 18.04 times, and qualified institutional buyers subscribed 8.51 times the allotted portion. 

As disclosed in its draft red herring prospectus, Solarium has completed 8,506 residential rooftop solar projects, 152 commercial and industrial projects, and eight government projects over the last three financial years. The company currently manages 41 projects worth Rs 1.65 billion and offers solar products like solar modules, inverters, and availability-based tariff meters. 

In recent developments, NVVN has issued tenders for 4 MW grid-connected rooftop solar projects at Defence Research and Development Organisation (DRDO) campuses in Delhi and Bengaluru. In November 2024, it invited bids for 7.2 MW rooftop solar systems across 26 Assam Rifles buildings in Nagaland, Manipur, and Assam. In October 2024, NVVN sought bids for 4.73 MW rooftop solar systems under the Bhakra Beas Management Board. 

(Mercom)        

Solarium Green Energy has secured a 6,929 kW grid-connected rooftop solar contract from NTPC Vidyut Vyapar Nigam (NVVN) for installations at various central armed forces and Ministry of Home Affairs departments in Uttar Pradesh (Zone 4). The project, valued at Rs 215.43 million, includes design, engineering, supply, civil construction, erection, testing, commissioning, and grid interfacing, to be completed within 240 days from the notice of award. Solarium will also manage operations and maintenance for ten years. NVVN plans to finance the package through external commercial borrowings, domestic borrowings, or its own funds. Solarium Green recently went public, with its initial public offering (IPO) subscribed 8.83 times. The retail segment saw 5.07 times subscription, non-institutional investors’ category was subscribed 18.04 times, and qualified institutional buyers subscribed 8.51 times the allotted portion. As disclosed in its draft red herring prospectus, Solarium has completed 8,506 residential rooftop solar projects, 152 commercial and industrial projects, and eight government projects over the last three financial years. The company currently manages 41 projects worth Rs 1.65 billion and offers solar products like solar modules, inverters, and availability-based tariff meters. In recent developments, NVVN has issued tenders for 4 MW grid-connected rooftop solar projects at Defence Research and Development Organisation (DRDO) campuses in Delhi and Bengaluru. In November 2024, it invited bids for 7.2 MW rooftop solar systems across 26 Assam Rifles buildings in Nagaland, Manipur, and Assam. In October 2024, NVVN sought bids for 4.73 MW rooftop solar systems under the Bhakra Beas Management Board. (Mercom)        

Next Story
Infrastructure Urban

GRM Overseas Reports Q1 FY26 Results; Strengthens Global & Domestic Presence

GRM Overseas has announced its unaudited financial results for the quarter ended 30 June 2025. The company reported a positive performance in terms of margins and profitability, despite topline pressures from global geopolitical challenges.Atul Garg, Managing Director, said:"We have maintained healthy margins and profitability while navigating short-term headwinds. Our focus remains on expanding our product portfolio, enhancing brand visibility, and deepening our distribution network. Internationally, we continue to hold a strong position in the Basmati rice export market, particularly in the ..

Next Story
Infrastructure Urban

Zuari Industries Posts Q1 FY26 Revenue Growth; PAT Turns Positive

Zuari Industries has announced its audited financial results for the quarter ended 30 June 2025.On a standalone basis, the company reported Revenue from Operations of Rs 2.10 billion and Operating EBITDA of Rs 220.4 million. Standalone Profit Before Tax (PBT), before exceptional items, stood at Rs 90 million.On a consolidated basis, Revenue rose 10.5 per cent year-on-year to Rs 2.67 billion, while Profit After Tax (PAT) stood at Rs 50 million compared to a loss of Rs 330.6 million in Q1 FY25.Segment HighlightsSugar, Power & Ethanol: Operations were impacted by an early mill closure due to ..

Next Story
Infrastructure Urban

Karnataka Bank Reports Q1 FY26 Net Profit of Rs 2.92 Bn

Karnataka Bank has announced a net profit of Rs 2.92 billion for the first quarter of FY26, compared to Rs 4 billion in Q1 FY25. The results were approved at the Board of Directors meeting held on 13 August 2025 at the Bank’s headquarters in Mangaluru.Asset Quality & Capital AdequacyGross NPA: 3.46 per cent, improved from 3.54 per cent in Q1 FY25.Net NPA: 1.44 per cent, down from 1.66 per cent in Q1 FY25.Capital Adequacy Ratio (CAR): 20.46 per cent, up from 17.64 per cent in Q1 FY25.Announcing the results, Raghavendra S Bhat, Managing Director & CEO, said:"The Bank has registered a m..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?