+
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
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code