Synopsis: Solarworld Energy Solutions wins ₹177 Cr NTPC contract for 75 MW battery storage at Solapur plant. Noida solar firm enters energy storage; 15-month project boosts order book.
Solarworld Energy Solutions Limited has bagged a major battery energy storage contract from state-owned NTPC Limited. The Noida-based solar EPC firm received the Letter of Award on Monday for a 75 MW/150 MWh Battery Energy Storage System (BESS) project. The contract covers the Solapur Super Thermal Power Station in Maharashtra. This win marks a strong push by the company into the energy storage segment.
Shares React to the News
The announcement landed on the same day the stock trades on both BSE and NSE. The stock’s 52-week high is ₹388.50, though it has seen a sharp correction of 48% over the past one year. Investors will now watch closely to see if this fresh order provides a fresh upward push to the stock. Currently the stock closed at 143.21 up 0.46% today.
What the Contract Covers
NTPC Limited awarded the EPC package. The project falls under Lot-2 of NTPC’s BESS rollout at its thermal power stations. Solarworld will handle all engineering, procurement, and construction work for the battery storage system. The total order value stands at approximately ₹176.91 crore. The company must complete all facilities within 15 months of the award.
Key Project Details
The project is a domestic contract with no related-party links. Neither the promoters nor any group companies hold any interest in NTPC. The transaction also does not fall under related-party transactions as defined under applicable regulations. The event was officially recorded at 12:45 p.m. IST on March 30, 2026.
What This Means for Solarworld
Solarworld Energy Solutions had already reported a robust order book of ₹2,600 crore and had outlined plans to expand its BESS operations by FY27. Groww This NTPC contract directly advances that goal. The company provides solar EPC services along with battery energy storage systems for energy grids and renewable energy applications, and it serves public sector undertakings and commercial and industrial clients.
Winning a project from NTPC one of India’s largest power producers further strengthens its credentials in the public sector. With the energy storage market gaining momentum across India, this order positions Solarworld as a serious player in the BESS space.
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