Solarium Green Energy Limited has bagged orders worth over Rs 70 crore from various clients. In an  announcement to the stock exchange late last night, the company said it has bagged various orders from NTPC Vidyut Vyapar Nigam Ltd, aggregating to Rs 55.85 crore - exclusive of GST, for the development of 10,267 KW Grid, 6929 KW grid and 27 KW Grid-connected rooftop solar projects at different locations of Central Armed Forces and Departments Under Ministry of Home Affairs. 

Besides, orders from a few other clients aggregating to Rs 15.7 crore were also received by the company for supply of glass-to-glass solar panels.    

Solarium Green specialises in the sale of solar products such as PV modules, inverters and ABT meters with a track record of having set up over 11,000 residential roof-top installations and various government and industrial projects. As of December 31, 2024, the company had on ongoing projects worth Rs 185 crore. It went public early this month through an IPO (book-built route), and the shares made a lukewarm debut on February 13 at 6 per cent premium from the IPO price of Rs 191. It went up to touch a high of Rs 244.85 on Tuesday. The shares lost 5 per cent today to close at Rs 221. 

According to National Electricity Plan, the Government aims to increase the share of non-fossil-based energy generation to 57.4 per cent by 2026-27 and to 68.4 per cent by 2031.32. With the projected electricity demand of over 277 GW by 2026-27 and 366 GW by 2031-32, indisputably there is a need for solar and wind power solutions in the country.