Solarworld Energy Secures INR 806 Cr. EPC Contract in Gujarat
Filing Summary
Solarworld Energy Solutions Ltd has signed a Battery Energy Storage Purchase Agreement on December 8, 2025, for the development of a 200 MW / 400 MWh Battery Energy Storage System in Gujarat. The contract, valued at approximately INR 806 crore, was awarded by Gujarat Urja Vikas Nigam Limited. The project is set to be executed over a 12-year period under Tariff-Based Competitive Bidding – Phase VI. The agreement does not involve any related party transactions and is a domestic commercial order.
On December 8, 2025, Solarworld Energy Solutions Ltd entered into a Battery Energy Storage Purchase Agreement for the development of a 200 MW / 400 MWh Battery Energy Storage System in Gujarat. This agreement was signed with Gujarat Urja Vikas Nigam Limited and pertains to “On-Demand” usage under Tariff-Based Competitive Bidding – Phase VI.
The contract is valued at approximately INR 806 crore, excluding taxes, and spans a period of 12 years. The project involves the execution of Engineering, Procurement, and Construction (EPC) works for the specified battery energy storage systems. This order is classified as a domestic commercial order and does not fall under related party transactions.
The agreement was formalized following a Letter of Intent dated May 28, 2025. The project is expected to enhance energy storage capabilities in the region, aligning with the strategic energy initiatives of the awarding entity.
Gujarat Urja Vikas Nigam Limited is a key player in the energy sector, focusing on the development and distribution of energy resources within the state of Gujarat. The company is involved in various initiatives aimed at enhancing energy efficiency and sustainability.
Solarworld Energy Solutions Ltd specializes in providing comprehensive energy solutions, including the development and management of renewable energy projects. The company focuses on expanding its portfolio in the renewable energy sector, emphasizing sustainable and efficient energy solutions.