Solarworld Energy Solutions Limited has received a major boost after securing a large solar power project from NTPC Renewable Energy Limited. The company received the Letter of Award (LoA) on December 26, 2025, and the same was officially disclosed to the stock exchanges on December 27, 2025.
Project Overview
The order involves the development of a 250 MWac grid-connected solar photovoltaic (PV) project. This project has been awarded under the Engineering, Procurement, and Construction (EPC) model, which means Solarworld will handle the entire execution of the project—from design and material sourcing to final construction and commissioning.
Key Details of the Order
Client: NTPC Renewable Energy Limited
Project Type: EPC contract
Capacity: 250 MWac grid-connected solar PV project
Order Value: Approximately ₹725.33 crore, including taxes
Completion Timeline: Scheduled to be completed within FY 2026–27
Regulatory Disclosure
The company made this announcement in compliance with Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements (LODR), 2015. Solarworld also clarified that this order does not fall under related-party transactions. Additionally, the promoter group and group companies do not have any interest in NTPC Renewable Energy Limited.
What Does an EPC Contract Mean?
To understand an EPC contract, think of hiring one firm to build an entire house. The same firm designs the structure, purchases all materials, manages construction, and finally hands over a fully ready home. Similarly, in this solar project, Solarworld will manage everything until the plant is fully operational.