Solarium Wins Rs 1,885 Million 50 MW Solar EPC Contract
POWER & RENEWABLE ENERGY

Solarium Wins Rs 1,885 Million 50 MW Solar EPC Contract

Solarium Green Energy has secured a 50 megawatt (MW) turnkey solar project in Maharashtra after being awarded the contract by Maharashtra State Power Generation Company Ltd. The contract is valued at Rs 1,885 million (mn), excluding goods and services tax. Solarium will deliver end to end project development including design, procurement, construction and three years of operations and maintenance.

The project reflects a preference among state utilities for integrated engineering, procurement and construction solutions that provide single point responsibility and operational accountability. The award highlights the increasing scale and financial depth of mid-sized solar EPC players competing in the renewable market. The contract reinforces Solarium’s transition from rooftop focused work to diversified utility scale delivery.

The development comes as companies strengthen backward integration to improve execution timelines and cost control. With its recently commissioned one gigawatt (GW) solar module manufacturing facility in Gujarat, Solarium is positioning itself to reduce supply chain dependencies and enhance project margins. Greater control over module supply is expected to support improved delivery schedules.

Maharashtra continues to play a central role in capacity additions with state backed entities using EPC tenders to drive deployment at scale. The turnkey contracting model meets developer demand for single point accountability and helps mitigate execution risks. Integrated delivery models simplify interfaces between developers, contractors and utilities as project sizes rise.

Overall, the contract illustrates how India’s solar EPC landscape is evolving from fragmented execution to integrated scalable delivery models supported by domestic manufacturing and policy initiatives. The award is likely to strengthen Solarium’s market position and financial profile as it pursues larger projects and deeper value chain participation. Continued emphasis on backward integration and operational capability may define competitive advantage in future tenders.

Solarium Green Energy has secured a 50 megawatt (MW) turnkey solar project in Maharashtra after being awarded the contract by Maharashtra State Power Generation Company Ltd. The contract is valued at Rs 1,885 million (mn), excluding goods and services tax. Solarium will deliver end to end project development including design, procurement, construction and three years of operations and maintenance. The project reflects a preference among state utilities for integrated engineering, procurement and construction solutions that provide single point responsibility and operational accountability. The award highlights the increasing scale and financial depth of mid-sized solar EPC players competing in the renewable market. The contract reinforces Solarium’s transition from rooftop focused work to diversified utility scale delivery. The development comes as companies strengthen backward integration to improve execution timelines and cost control. With its recently commissioned one gigawatt (GW) solar module manufacturing facility in Gujarat, Solarium is positioning itself to reduce supply chain dependencies and enhance project margins. Greater control over module supply is expected to support improved delivery schedules. Maharashtra continues to play a central role in capacity additions with state backed entities using EPC tenders to drive deployment at scale. The turnkey contracting model meets developer demand for single point accountability and helps mitigate execution risks. Integrated delivery models simplify interfaces between developers, contractors and utilities as project sizes rise. Overall, the contract illustrates how India’s solar EPC landscape is evolving from fragmented execution to integrated scalable delivery models supported by domestic manufacturing and policy initiatives. The award is likely to strengthen Solarium’s market position and financial profile as it pursues larger projects and deeper value chain participation. Continued emphasis on backward integration and operational capability may define competitive advantage in future tenders.

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement