Silgo Retail Secures ₹19.5 Crore Solar Power Project in Rajasthan

Jaipur, September 24, 2025: Silgo Retail Limited (NSE: SILGO) has forayed into the renewable energy sector with the acquisition of a solar power project valued at ₹19.5 crore. Executed under the PM-KUSUM Component A scheme for JDVVNL, the initiative involves grid-connected solar power plants with a combined capacity of 5.50 MW across three sites in Rajasthan.

Silgo Retail Limited was incorporated in 2016 in Jaipur. It has mainly been engaged in the retail business. With this Agreement, Silgo Retail Limited is venturing into the renewable energy sector, which is part of the company’s sustainable growth strategy and diversification into new areas.

Share Price Performance

As of 3:00 pm IST, the company’s share was trading at ₹67.50, down ₹0.70 (1.03%) from its previous close of ₹68.20. The share opened at ₹68.20 and was trading between ₹67.04 and ₹68.27 so far. With a market capitalization of ₹253.83 Cr, the company has a P/E ratio of 26.78.

Project Scope and Execution Timeline

Silgo Retail will undertake a comprehensive scope of project responsibilities, covering design, survey, supply, installation, testing, commissioning, and the long-term operation and maintenance of solar plants. Silgo Retail Company shall also install an 11 KV transmission line and a monitoring system to ensure efficient operation. The works are expected to be completed by the end of FY 2026-27, and Silgo shall be solely liable for the plant’s functioning for 25 years thereafter.

The Optimistic Outlook of the Company

Silgo Retail is positive about this project. It believes that this project will generate nearly 88 lakh units of electricity annually from three solar sites. With a fixed rate of ₹3,040 per unit, the project is expected to create an annual revenue of nearly ₹2.68 crore. This regular source of revenue is expected to consolidate the company’s diversification strategy and generate long-term value.

REF: https://nsearchives.nseindia.com/corporate/SILGO_24092025140126_Announcement_24092025.pdf

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