52-week high alert: Solar panels company receives new order worth Rs 35,32,50,000 from Kirloskar Solar Technologies
The stock has given multibagger returns of 138 per cent from its 52-week low of Rs 202 per share.
Solarium Green Energy Limited has received a work order valued at Rs 35,32,50,000 (exclusive of GST) from Kirloskar Solar Technologies Private Limited. Dated June 17, 2025, and formally communicated on June 20, 2025, the order, accepted on June 24, 2025, involves the supply and execution of all equipment for the development of 11775 KW Grid Connected Rooftop Solar Projects. These projects will be implemented at various locations belonging to the Central Armed Forces and the Department of the Ministry of Home Affairs. The entire project is slated for completion within six months from the Notification of Award.
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Solarium Green Energy Ltd (SGEL), established in 2018, operates as a comprehensive solar energy provider, delivering turnkey solutions that encompass the entire lifecycle of solar power plants, from design and procurement to construction, commissioning, and ongoing operation and maintenance (O&M). Catering to a diverse clientele spanning residential, commercial, industrial, and governmental sectors, SGEL also distributes essential solar components such as PV modules, inverters, and meters, all while adhering to stringent quality and safety standards as evidenced by their BIS and ISO certifications (9001, 14001, 45001). Beyond installation, SGEL manages critical logistical and financial aspects and offers O&M services like panel cleaning, repairs, and system inspections for both public and private entities.
On Wednesday, shares of Solarium Green Energy Limited jumped 4.13 per cent and made a new 52-week high of Rs 480 per share from its previous closing of Rs 460.70 per share. The company has a market cap of Rs 961 crore. The shares of the company have a PE of 53x, an ROE of 22 per cent and an ROCE of 20 per cent. The stock has given multibagger returns of 138 per cent from its 52-week low of Rs 202 per share.
Disclaimer: The article is for informational purposes only and not investment advice.