Solarworld Energy Solutions Limited has informed the stock exchange that it has received a Letter of Award for a significant EPC (Engineering, Procurement, and Construction) project from NTPC Renewable Energy Limited. This order is considered a major step towards strengthening India’s renewable energy infrastructure.
250 MW Grid-Connected Solar Project
Under this project, Solarworld will develop a grid-connected solar photovoltaic power plant with a capacity of 250 MW AC. This project will promote large-scale clean energy generation and contribute to the country’s green energy goals.
Contract Value Exceeding ₹725 Crore
According to the company, the total estimated value of this EPC order is approximately ₹725.33 crore, including all taxes. This large contract is expected to significantly strengthen Solarworld’s order book.
End-to-End EPC Responsibility with Solarworld
The entire project is based on an end-to-end EPC model. This means that Solarworld Energy Solutions will be responsible for everything from engineering design and procurement of necessary equipment to the construction of the solar power plant.
Expected Completion in FY 2026–27
As per the terms of the order, the solar project is expected to be completed during the financial year 2026–27. Completing the project within the stipulated timeframe will be a priority for the company.
No Related Party Transaction
SolarWorld has also clarified that this order has been received from a purely domestic entity. The company’s promoters or promoter group do not hold any stake in NTPC Renewable Energy Limited, and this transaction is not a related party transaction.
Weakness in the Stock Market
Despite the announcement of this large order, SolarWorld Energy Solutions’ shares showed weakness in the stock market. The company’s share price closed nearly 2.5 percent lower in the trading session on December 27. Year-to-date in 2025, the company’s shares have already declined by more than 18 percent.