G R Infraprojects Bags ₹175 Crore Solar EPC Order From Solarium Green

Mumbai, June 30: G R Infraprojects Ltd. on Tuesday said it has received a Letter of Award (LoA) worth ₹175 crore from Solarium Green Energy Ltd. for executing engineering, procurement and construction (EPC) works for a utility-scale solar project, according to an exchange filing.

The contract covers the turnkey execution of an approximately 50 MW AC (65 MW DC) ground-mounted solar photovoltaic project. Besides EPC work, the scope also includes associated civil, structural and electrical infrastructure along with operation and maintenance (O&M) services for three years.

Of the total contract value, ₹170 crore has been earmarked for EPC execution, while ₹5 crore relates to O&M services over a 36-month period. The company said payments will be made in accordance with the terms of the Letter of Award.

G R Infraprojects said the project will be executed as per the schedule specified in the award. It also clarified that the order has been received in the ordinary course of its EPC business, with no promoter or promoter group interest in the awarding entity and no related-party involvement.

The latest order further strengthens the company’s presence in India’s fast-growing renewable energy infrastructure segment, where demand for utility-scale solar projects continues to rise.

Stock Market Snapshot

The announcement is expected to keep theG R Infraprojects share price in focus as investors assess the impact of the new solar EPC order on the company’s execution pipeline.

As of 3:28 PM IST on June 30, 2026, shares of G R Infraprojects were trading at ₹166.45.

Large EPC contracts in the renewable energy segment are generally seen as positive because they improve order book visibility and strengthen revenue prospects over the execution period. Investors will also monitor the pace of execution and any additional renewable energy wins in the coming quarters.

Company Background

G R Infraprojects is an infrastructure development company with operations spanning highways, roads, bridges, transmission projects and engineering, procurement and construction (EPC) services. Over the past few years, the company has also expanded its footprint in renewable energy infrastructure by undertaking solar EPC projects.

Its diversified project portfolio across transportation and energy infrastructure has helped the company build a sizeable order book while broadening its presence beyond traditional road construction.

Conclusion

The ₹175 crore order from Solarium Green Energy marks another addition to G R Infraprojects’ renewable energy portfolio. By combining EPC execution with a three-year operation and maintenance mandate, the project provides both construction revenue and recurring service income. Going forward, market participants are likely to watch project execution milestones and further order inflows as the company continues to deepen its presence in India’s clean energy sector.

Source:

• https://www.bseindia.com/stock-share-price/gre-renew-enertech-ltd/grerenew/544682
• https://www.bseindia.com/xml-data/corpfiling/AttachLive/12bea780-3898-488d-9b85-edca4c227243.pdf