GRE Renew Enertech Ltd inks agreement with Solarium Green Energy ltd

GRE Renew Enertech Limited has, on June 30, 2026, executed a definitive Engineering, Procurement and Construction (EPC) Agreement with Solarium Green Energy Limited in furtherance of the Letter of Award received earlier.

The Agreement sets out the detailed rights, obligations, commercial terms and execution framework governing the Engineering, Procurement and Construction (EPC) works for development of an approximately 50 MW AC / 65 MW DC Ground Mounted Solar PV Project, together with Operation & Maintenance (O&M) Services for a period of three (3) years.

The Agreement has been executed pursuant to the Letter of Award already disclosed by the Company and formalizes the contractual arrangements between the parties. There is no material deviation in the commercial scope or consideration from the Letter of Award previously disclosed, except to the extent of incorporation of detailed contractual terms and conditions.

The aggregate contract value is ₹175,00,00,000/- (Rupees One Hundred Seventy-Five Crore Only), exclusive of applicable taxes, comprising ₹170,00,00,000/- towards EPC works and ₹5,00,00,000/- towards Operation & Maintenance (O&M) Services.

Shares of GRE Renew Enertech Limited was last trading in BSE at Rs. 158.15 as compared to the previous close of Rs. 166.45. The total number of shares traded during the day was 22800 in over 18 trades.

The stock hit an intraday high of Rs. 174.75 and intraday low of 158.15. The net turnover during the day was Rs. 3785280.00.

Source : Equity Bulls

Keywords

GRERenewEnertech INE0U8P01015 Agreement