Solarium Green Energy shines on planning to re-enter into manufacturing solar modules
Solarium Green Energy is currently trading at Rs. 401.00, up by 11.30 points or 2.90% from its previous closing of Rs. 389.70 on the BSE.
The scrip opened at Rs. 409.15 and has touched a high and low of Rs. 409.15 and Rs. 401.00 respectively. So far 22200 shares were traded on the counter.
The BSE group 'MT' stock of face value Rs. 10 has touched a 52 week high of Rs. 419.45 on 29-May-2025 and a 52 week low of Rs. 202.00 on 13-Feb-2025.
Last one week high and low of the scrip stood at Rs. 409.15 and Rs. 363.00 respectively. The current market cap of the company is Rs. 853.06 crore.
The promoters holding in the company stood at 58.34%, while Institutions and Non-Institutions held 9.03% and 32.63% respectively.
Solarium Green Energy is planning to re-enter into manufacturing of Solar Modules using latest technology fully automated machinery with higher capacity. The facility will be installed with production capacity of around 1000 MW (MegaWatt) at Ahmedabad, Gujarat, India and at an estimated project capex cost of around Rs 70 crore + requisite working capital via mix of debt to equity in ratio of 3:1.
This strategic move is part of the company’s backward integration initiative. In EPC projects, there are 3 key components: Solar Module, mounting Structure & Inverter. Solar modules typically account for approximately 50-60% of the total project cost. By setting up an in-house module manufacturing facility, the company aims to mitigate cost volatility, expedite project execution and secure its supply chain along with improvement in margins. The facility will focus on the production of Crystalline Silicon Solar PV Modules, utilizing advanced technologies such as TOPCon cells, half-cut cells, and bifacial cells using imported tabber-stringers, laminators, and sun simulators to ensure high-quality output and efficiency.
Solarium Green Energy is engaged in the business of Solar Solutions. The company provides turnkey solar solutions, including design, engineering, procurement, construction, testing, commissioning, transmission systems, and Operation & Maintenance for residential, commercial, industrial, and government solar projects.
