Solarium Green Energy Ltd enters into MOUs for solar panels

Solarium Green Energy Limited has entered into two Memorandum of Understanding (MOU's) with Citizen Solar Private Limited & with Navitas Solar Private Limited, both dated March 15, 2025, both are amongst prominent suppliers of solar panels.

As per the terms of the MOUs, Citizen Solar Private Limited will supply a total of 53.70 Megawatts of solar panels during the period from March 2025 to September 2025. Concurrently, Navitas Solar Private Limited will supply an additional 24.70 Megawatts of solar PV modules by the end of December 2025. Cumulatively, these agreements will ensure the supply of 78.40 Megawatts of solar panels to Solarium Green Energy Limited.

These MOUs represent a critical step in ensuring the timely availability of solar panels for the ongoing orders, as well as those for which the Letter of Award (LOA) has been received but execution has not yet commenced. Additionally, these MOUs will help to meet the anticipated demand arising from the tenders we have bid for, for which the results are still awaited, and will also facilitate the execution of a new order book from the residential segment, generated on a regular basis.

This partnership will enable us to efficiently execute our projects and uphold our commitment to delivering high-quality solar energy solutions to our customers within the expected timelines.

Shares of Solarium Green Energy Limited was last trading in BSE at Rs. 227.15 as compared to the previous close of Rs. 239.50. The total number of shares traded during the day was 127200 in over 93 trades.

The stock hit an intraday high of Rs. 247.70 and intraday low of 226.00. The net turnover during the day was Rs. 29588790.00.

Source : Equity Bulls

Keywords

SolariumGreenEnergy INE0W0H01017 CivilConstruction MOUs SolarPanels