GRE Renew Enertech bags solar EPC orders worth Rs 18.67 crore in October

GRE Renew Enertech has received three solar engineering, procurement and construction (EPC) orders worth an aggregate Rs 18.67 crore, including applicable GST, during the period from 1 October 2026 to 15 October 2026.

The orders comprise two rooftop solar EPC projects and one ground-mounted solar EPC project. The company disclosed the details in a regulatory filing dated 17 October 2026.

The first order, received on 5 October 2026, is for the development of a 300 kW DC/250 kW AC grid-connected rooftop solar power plant. The order is valued at Rs 80.88 lakh, inclusive of GST, and is scheduled for execution in approximately three months.

The second order, received on 13 October 2026, involves the development of a 220 kW grid-connected rooftop solar power plant. The contract is valued at Rs 62.93 lakh, inclusive of GST, with an execution period of approximately three months.

The third order, received on 15 October 2026, is for the design, engineering, supply, installation, testing and commissioning of a 5,503.68 kWp DC/4,000 kW AC grid-connected ground-mounted solar power plant under a captive scheme. The contract is valued at Rs 17.23 crore, inclusive of GST, and has an execution period of approximately six months.

GRE Renew Enertech said the names of the entities awarding the contracts were not disclosed due to confidentiality obligations and mutual understanding with the clients.

The company clarified that the orders were received in the ordinary course of business and did not involve entry into a new business segment or any change in its business model, risk profile, capital structure, financial position or operational strategy. It also stated that the contracts did not involve related-party transactions and that the promoter group had no interest in them.

The aggregate order value excludes contracts and other business developments previously disclosed to the stock exchanges, the company said.

GRE Renew Enertech operates in the renewable energy sector, providing solar EPC and related services. It focuses on efficient resource utilisation through optimised processes, energy-efficient equipment and innovative technologies.

On a consolidated basis, the company's net profit surged 162.47% to Rs 9.58 crore on 79.65% increase in net sales to Rs 79.12 crore in H2FY6 over H2FY5.

Shares of GRE Renew Enertech fell 2.25% to settle at Rs 232.15 on 16 October 2026.

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