OUR BUSINESS
Our Company was incorporated on December 17, 2015 Our company provides Turnkey Solutions which involves design, engineering, procurement & supply,
construction & erection, testing, commissioning, associated transmission system and comprehensive Operation & Maintenance (“O&M”) .
We serve a wide range of projects, including Residential rooftop projects, Commercial and Industrial (“C&I”) roof top and Ground Mounted projects, as well as Government Projects.
- Solar PV (Photovoltaic) Modules.
- Solar PV Inverters.
- Availability Based.
- Tariff Meters.
- Other Solar Products.
Along with our turnkey solutions, we are also involved in Sale of Solar Products i.e. Solar PV (Photovoltaic) Modules, Solar PV Inverters, Availability Based Tariff Meters (“ABT”) and other solar products.
We are accredited with various certifications including BIS (Bureau of Indian Standards), ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018.
We commenced our manufacturing operation in the year 2018 from our manufacturing facility located at Bavla, Gujarat for the Polycrystalline Solar Panel under our own brand. However, we have halted our manufacturing operations from February, 2024 as we were not covered under Approved List of Models and Manufacturers (“ALMM”) from September, 2023.
Our Company has a track record of developing, executing and commissioning a total of 8,506 Residential rooftop projects, 152 projects under Commercial and Industrial (“C&I”) roof top and Ground Mounted segment and 8 projects under Government projects segment in last three financial year.
1. Turnkey Solutions for Solar Projects :- Our Turnkey EPC contracts executed under the below business models can be categorised in 2 (Two) Types of contracts: (i) Lumpsum turnkey contracts, in which, the project is executed for a fixed price, irrespective of the changes in the bills of quantity (“BOQ”). Some of our EPC contracts provide a price adjustment formula for cost escalation if the prices of raw materials, equipment, labour, changes in statutory taxation and other inputs increase/decrease; and (ii) Item Rate Contracts, in which, the bidding is based on price per unit of each of the bills of quantity (BOQ) items. Therefore, whenever there are changes in bills of quantity (BOQ), the contractor is paid based on the unit rate quoted.
A. Residential Rooftop Project : –
We provide supply, installation, testing and commissioning services for Rooftop solar for residential usage.
Our team provide on-grid rooftop installation services to the clients as per the locational requirement in order to maximize the usage of renewable energy.
We provide only on-grid installation services to our customers under this segment.
On-grid system is connected to the utility electrical grid. When the solar panels produce more electricity than required, the excess power is sent to the grid, and the owner often receives compensation through net metering.
B. Commercial & Industrial (“C&I”) Rooftop and Ground-mounted Projects :-
C&I Rooftop and Ground Mounted Projects involves the complete process from designing and engineering to procurement, construction, and commissioning of solar power systems, either on rooftops or as ground-mounted installations.
Tailored to meet the specific energy demands of businesses, these projects help in reducing operational costs and carbon footprints of our clients, while ensuring a reliable and sustainable energy source.
C. Government Tenders : –
We participate in various government tenders for the design, engineering, supply and procurement, erection, installation, testing and commissioning of various renewable energy generating plants including Wind Solar Hybrid System, Solar Rooftop Power Generating System, Ground Mounted Projects, Solar Hybrid System and other projects such as Solar Water Heaters, Solar Tree and Solar CarPort.
Under this vertical, we also provide hybrid installation services, which combines solar panels with energy storage (usually batteries) and may also be connected to the grid. It allows the system to store excess energy produced during the day for use during nonsunny periods or at night.
In addition to above, we provide comprehensive operation and maintenance (“O&M”) services with respect to the projects completed by our company in accordance with the warranties and guaranties provided in the work order.
2. Sale of Solar Products :-
Under this vertical, we are currently engaged in the supply of various solar products including Solar PV (Photovoltaic) Modules, Solar PV Inverters, Availability Based Tariff Meters (ABT) and other solar products.
In past, we were engaged in the manufacturing of Polycrystalline Solar Modules, which were used in the captive consumption of our turnkey segment as well as direct supply to various clients. Further, under this vertical, we procure the required products from the accredited vendors and provide the same in accordance with the demand of our clients.
OBJECTS OF ISSUE
1. To Meet Working Capital Requirements.
2. General Corporate Purposes.
Qualitative Factors
- Scaled and integrated operations for renewable energy projects.
- Diversified Portfolio with strong domestic presence.
- Strong relationship with customers and suppliers.
- Experienced management team with industry expertise.
Solarium Green Energy Comparison of Accounting Ratios with Peer Group Companies
- Zodiac Energy Limited.
- Oriana Power Limited.
