Green Energy Stock Surges 8% After Securing ₹3 Crore Order for Solar Power Plants
A leading green energy company has successfully secured an order worth ₹3.09 crore for the installation of 25 KWP off-grid solar power plants at 10 Border Outposts. This initiative not only enhances energy sustainability but also bolsters India’s commitment to expanding renewable energy in remote areas.
Stock Performance
On March 3, 2025, Solarium Green Energy Ltd opened trading at ₹262.00. The stock hit a peak of ₹273.00, reflecting an 8% increase from its previous close of ₹251.95, and reached a low of ₹259.00. By 11:01 AM, it was trading at ₹261.00, with a market capitalization of ₹544.17 crore.
Order Details
Solarium Green Energy Limited has received a ₹3.09 crore order from BSF Jammu for the installation of 25 KWP off-grid solar power plants at 10 Border Outposts. This project aligns with India’s renewable energy goals, ensuring sustainable energy solutions in remote locations. The scope of work includes the design, supply, installation, testing, and commissioning of solar PV plants, alternative lighting, and RCC structures for control rooms. The contract also encompasses a five-year onsite maintenance and warranty period, ensuring long-term efficiency and reliability for BSF operations. The project is slated for completion within 12 months, expected to enhance Solarium Green Energy’s market presence and profitability.
Recent Company News
As of February 13, 2025, Solarium Green Energy Ltd made an impressive debut on the BSE SME, opening at ₹202, which is a 5.76% premium over its issue price of ₹191, reflecting positive investor sentiment towards the renewable energy sector.
Weekly Stock Performance
Over the past week, Solarium Green Energy Ltd delivered a 3.39% gain, showcasing positive momentum. This strong performance underscores investor confidence, driven by recent order wins and promising growth prospects in the renewable energy sector.
Shareholding Pattern (February 2025)
- Promoters: 57.80%
- Foreign Institutional Investors (FII): 5.00%
- Domestic Institutional Investors (DII): 7.50%
- Public: 29.70%
About Solarium Green Energy
Solarium Green Energy Limited (BSE: 544354), established in 2015, specializes in providing turnkey solar solutions, including EPC services for residential, commercial, industrial, and government projects. The company also supplies solar products, significantly contributing to India’s transition towards renewable energy.
Disclaimer: This article is intended for educational purposes. The data regarding the companies mentioned may change over time. The securities discussed are for illustrative purposes and do not constitute any recommendations.
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