India's GRE Renew Secures INR 1.75 Billion Solar EPC Contract in June 2026

en.Wedoany.com Reported - GRE Renew Enertech Limited has received a Letter of Award from Solarium Green Energy Limited to undertake the engineering, procurement, and construction (EPC) work for a utility-scale ground-mounted solar photovoltaic project.

The total contract value is INR 1.75 billion (excluding applicable taxes). Of this, the EPC contract portion is valued at INR 1.7 billion, while the operations and maintenance (O&M) services portion is valued at INR 50 million, with a three-year O&M period.

The project will involve the construction of a power plant with approximately 50 megawatts (MW) AC and 65 MW DC capacity, including related civil, structural, electrical, and supporting infrastructure. The scope of work covers the complete design, construction, and infrastructure delivery of the solar power plant, followed by operations and maintenance for a period of 36 months. The Letter of Award was received on June 30, 2026, and the contract specifies a turnkey delivery approach. Payment terms and project milestones will be executed in accordance with the Letter of Award, with the timeline aligned to the project schedule designated by the client.

GRE Renew Enertech Limited clarified that this order was obtained in the normal course of its EPC business, with no interest from the promoter group or related parties, and that the contract will not alter the company's business model or capital structure. The company stated that the commercial terms are standard, the disclosure is based solely on factual information, and this award does not constitute a forward-looking statement or a guarantee of future performance.