Sovrenn Daily News - 2nd Apr 2026
Solarium Green Energy Ltd
Recent filing News: (ORDER) Company has received a Letter of Award with an order value of INR 188 Cr, as a sub-contractor for execution of EPC works along with 3 years of O&M for a 50 MWac Solar PV Power Project in Maharashtra under Maharashtra State Power Generation Company Limited (MAHAGENCO).
Future Outlook: Company has FY26 revenue visibility of >INR 363 Cr (58% growth) & targeting an order book of INR 500 Cr by FY26.
KEY RED FLAGS: 1. In FY23 Cash Conversion Cycle was at 44 days and in FY24 it went up to 91 days. 2. Cash Flow from Operating activities is INR 0.
Stock price can go down or up based on market forces. Always diversify your portfolio.
Company Description: Founded in 2018, Solarium Green Energy Ltd (SGEL) specializes in integrated solar solutions and turnkey services. It provides design, procurement, construction, commissioning, and O&M for solar power projects across residential, commercial, industrial, and government sectors. SGEL also sells solar products and handles logistics, supply chain, and financial structuring.
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Chamunda Electricals Ltd
Recent filing News: (ORDER) Company has received a Letter of Award with an order value at INR 63 Cr from Gujarat Energy Transmission Corporation Limited (GETCO) for operation and maintenance of 88 units of 66 KV class sub-stations. The contract is to be executed over a period of 3 years.
Future Outlook: Company expects FY26 revenue of INR 31–33 Cr (26% growth) and FY27 revenue up to INR 38 Cr, with expected FY26 EBITDA of 25.3% and PAT of 13.5%
KEY RED FLAGS: Highly Competitive Sector
Stock price can go down or up based on market forces. Always diversify your portfolio
Company Description: Company is engaged in the business of providing specialized services of operation and maintenance of substation up to 66 KV (kilovolt), testing and commissioning of electrical substation up to 220 KV (kilovolt) and solar power generation park of 1.5 MW (Megawatts) capacity. Clients are: LCC Engineering, UGVCL, GETCO, ASHP Fintrade.
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Oriana Power Ltd.
Recent filing News: (ORDER FORMALIZATION) Company has signed a long-term Green Ammonia Purchase Agreement with Solar Energy Corporation of India (SECI) for supply of 60k tonnes per annum at a price of INR 52 per kg, with a total contract value of INR 3,135 Cr over 10 years; the project was earlier awarded via Letter of Award in August 2025 and the agreement was formalised on March 30, 2026, with Madhya Bharat Agro Products Limited as the end off-taker through a corresponding sale agreement with SECI.
FUTURE OUTLOOK: Company guiding for 2x revenue growth in FY26 over FY25 and another 2x in FY27 over FY26. Company has an orderbook of INR 4,500 Cr (including L1) (FY25 Revenue = INR 987 Cr)
KEY RED FLAGS: Trade receivables increased from INR 79 Cr in Mar'24 to INR 394 Cr in Mar'25. 2. Increase in competition can limit the pricing flexibility and bargaining power of players in the solar EPC industry.
Stock price can go down or up based on market forces. Always diversify your portfolio.
Company Description: Oriana Power is a company that specializes in providing solar energy solutions to industrial and commercial customers. It offers low carbon energy solutions by installing on-site solar projects such as rooftop and ground-mounted systems, as well as off-site solar farms i.e. Open access. The business operations are divided into two segments: Capital Expenditure (CAPEX) and Renewable Energy Service Company (RESCO).