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 Transport

India’s Maha Kumbh of Road Construction

The RAHSTA Forum 2025, held on June 25 at Courtyard by Marriott, Mumbai, delivered powerful insights and dialogue on the future of India’s roads and highways sector. Organised by the FIRST Construction Council, the Forum served as the curtain-raiser to the much-anticipated RAHSTA Expo 2025, set to take place on 3rd and 4th September at the Jio Convention Centre, Mumbai.Union Minister of Roads Transport & Highways Shri Nitin Gadkari, while appreciating the efforts of FIRST Construction Council and ASAPP Info Global Group, commended the awards which recognise excellence across various..

Next Story
Real Estate

Built to Last, Designed to Impress

The construction and interior design industries stand at the confluence of functionality and aesthetics, where innovation powers the creation of enduring structures and inspiring spaces. At the heart of this process are materials and solutions that enable architects, designers, and builders to realise their visions with precision and reliability.Featuring iconic brands such as Fevicol—synonymous with adhesive solutions—Dr. Fixit, a complete waterproofing system renowned for addressing every critical area of construction, and Roff, a specialist in tile-fixing solutions, Pidilite has earned ..

Next Story
Infrastructure Energy

New Push to Cut India’s Air Pollution through Power Sector Reforms

In a significant stride toward environmental sustainability, Cummins India introduced CPCB IV+ compliant gensets to India on July 5, 2023, marking a paradigm shift in the power generation industry. These generators are engineered to adhere to the progressive emission norms set by the Ministry of Environment, Forest, and Climate Change. Being the first sets in the field, they have garnered praise for their remarkable achievements in emissions reduction and cutting-edge technology. Powerica, with its four-decade-long partnership with Cummins India Limited, is dedicated to consistently deliver th..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?