Solarworld Energy, one of India’s emerging renewable energy leaders, witnessed a sharp rally in its share price on 29 October 2025, after announcing the receipt of a major Engineering, Procurement, and Construction (EPC) order worth approximately INR 802.84 crore. The order for a 200 MWac / 272 MWp Ground Mount Solar Power Project marks a major milestone for the newly listed company and underscores its growing prominence in India’s clean energy transition.
Stock Surges 14% Following Order Announcement
On 29 October 2025, Solarworld Energy’s stock surged 14.46%, closing at INR 342.85 on the NSE. The share touched an intraday high of INR 347.70, recording strong volumes of 44.25 lakh shares traded. The company’s market capitalization currently stands at approximately INR 2,847 crore, with its 52-week range spanning between INR 295.35 and INR 388.50.
This sharp rally followed the company’s regulatory filing announcing the binding term sheet for the 200 MWac / 272 MWp EPC project, valued at INR 802.84 crore (excluding taxes). The order was awarded by a leading domestic renewable energy company, whose name remains undisclosed. The project is expected to be completed by the financial year 2026–27.
Project Significance and Market Impact
This substantial EPC contract provides strong revenue visibility and adds significant weight to Solarworld’s order book, which continues to expand across both solar and battery energy storage segments.
The INR 802 crore order represents a material milestone when compared with Solarworld’s current market capitalization of approximately INR 2,847 crore. It not only demonstrates the company’s execution capabilities but also reinforces its position in India’s rapidly evolving solar infrastructure space.
The company promptly disclosed the development in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, reflecting its focus on transparency and timely investor communication.
Solarworld Energy Q1 FY26 Financial and Business Performance
In Solarworld Energy’s Q1 FY26 consolidated financial results for the quarter ended 30 June 2025, Solarworld Energy reported a sharp improvement across all key parameters, reflecting operational expansion and stronger order execution.
- Revenue from Operations stood at INR 68.24 crore, up 202.3% year-on-year from INR 22.57 crore in Q1 FY25.
- EBITDA grew 21.4% YoY to INR 8.83 crore, with an EBITDA margin of 12.9%.
- Profit After Tax (PAT) soared 386.7% YoY to INR 12.91 crore, with PAT margins improving to 18.9% from 11.7% a year earlier.
- Earnings Per Share (EPS) rose to INR 1.74 versus INR 0.38 in Q1 FY25.
On a quarter-on-quarter basis, the company demonstrated steady profitability despite a seasonal decline in revenue compared with Q4 FY25, which included year-end project closures.
The company’s Solarworld Energy Q1 FY26 update also highlighted several strategic commissioning milestones, including:
- Launch of a 1.2 GW solar module manufacturing line for G12R panels in Haridwar.
- Progress on a 3.4 GW lithium-ion cell-to-battery pack facility, scheduled for commissioning by January 2026.
- Development of a 1.2 GW solar cell line at Pandhurana, Madhya Pradesh, is expected to become operational between December 2026 and March 2027.
These investments reflect Solarworld’s ongoing vertical integration strategy, strengthening its manufacturing base in solar modules, battery storage, and allied components.
Solarworld Energy Post-IPO Performance
Solarworld Energy made its market debut on 30 September 2025, following its highly subscribed INR 490 crore initial public offering (IPO) that was open for subscription from 23 to 25 September 2025. The issue, comprising a fresh equity issue of INR 440 crore and an offer for sale of INR 50 crore, garnered an overwhelming response with an overall subscription of 65.01 times, reflecting robust investor confidence in the company’s long-term growth potential.
The stock was allotted at INR 351 per share and listed at INR 323.25, marking a 7.91% discount to the issue price. Since listing, Solarworld Energy’s shares have traded with notable volatility, reflecting shifting market sentiment amid sectoral movements and company developments.
As of the latest session, the stock is trading around INR 326.15, representing a 7.07% decline from the allotment price of INR 351. However, following the announcement of the INR 802.84 crore EPC order, the shares surged to an intraday high of INR 338.40 on 29 October 2025, narrowing the gap to the issue price and registering an upside of approximately 4.2% from the listing price.
Company Overview and Strategic Growth Levers
Founded in 2013 and headquartered in New Delhi, Solarworld Energy Solutions has evolved into a leading renewable EPC player with a portfolio exceeding 1 GW of completed projects and nearly 1 GW under execution. The company operates under both CAPEX and RESCO models, serving public sector undertakings (PSUs), industrial, and commercial clients.
Key growth levers include:
- Strengthening manufacturing capabilities through its 1.2 GW Haridwar facility and upcoming 2 GW BESS line.
- Expanding customer base across PSUs and large-scale independent power producers (IPPs).
- Fostering innovation in high-efficiency solar panels and integrated storage solutions.
- Scaling operations with a diversified order book across EPC, module manufacturing, and BESS projects.
As of 31 July 2025, the company’s ongoing projects total INR 2,527.8 crore in value, up sharply from INR 1,700.5 crore in FY25, demonstrating consistent order inflows and execution momentum.
Industry Outlook
India’s solar power capacity has grown from 74.3 GW in January 2024 to 119 GW by July 2025, positioning the country firmly on track toward its 280 GW solar capacity target by 2030. The government’s continued support through initiatives like PLI schemes, rooftop solar programs, and battery energy storage incentives provides a conducive backdrop for Solarworld Energy’s growth trajectory.
The third-party EPC market for solar projects in India is projected to expand from INR 49,500 crore in FY25 to INR 90,000 crore by FY30, growing at a CAGR of approximately 11%, creating substantial opportunities for established players like Solarworld Energy.
Conclusion
The awarding of the INR 802.84 crore EPC project is a strong validation of Solarworld Energy’s operational credibility, financial resilience, and strategic direction. Backed by robust financial performance, a deep order book, and integrated manufacturing initiatives, the company is poised to play a defining role in India’s clean energy transformation.
As India accelerates its march toward renewable energy self-sufficiency, Solarworld Energy’s blend of engineering excellence and execution reliability places it firmly among the country’s most promising green energy enterprises.
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