How significant is this order relative to GRE Renew's size?

The ₹17.75 cr order equals nearly 15% of FY26 standalone revenue and about 8% of the company's ₹226 cr market cap, making it a material addition.

Who is the counterparty, and what is the project scope?

Standard Solar Limited awarded the order for a 5.2416 MW (DC) / 3.90 MW (AC) grid-connected solar project with associated transmission infrastructure.

When was the order received and how was it disclosed?

The order was received on June 16, 2026, and first disclosed in the company's fortnightly business update; it is not a confirmation of a previously announced event.

How does this order affect near-term revenue outlook?

The order, executable over six months, provides clear revenue visibility for the next two quarters, adding meaningfully to the company's top line.

Does this order follow any recent project milestones?

Yes, the company recently commissioned 9.67 MW of solar projects from its IPO proceeds, indicating a steady project execution pipeline.

Order Wins · Electric Equipment · Micro cap

GRE Renew grabs ₹17.75 cr solar EPC order, 15% of FY26 revenue

Turnkey project from Standard Solar adds 5.24 MW DC capacity and boosts nano-cap's order book by nearly a sixth of last year's top line.

— 1 earlier story on GRE Renew Enertech Ltd. →

GRERENEW By Tipsheet Editorial 2 Jul 2026 · 7:00 PM IST Verify on BSE · NSE

Mkt cap₹216 cr

P/E15.89×

ROE22.50%

Debt / eq.0.05

₹17.75 cr New EPC order, ~15% of FY26 standalone revenue

What's new

Won ₹17.75 cr turnkey EPC order from Standard Solar for a 5.24 MW solar project.
Order represents ~15% of FY26 revenue and ~8% of market cap.
Execution timeline of six months; disclosed in fortnightly business update.

Why this matters

For a nano-cap with ₹79 cr quarterly sales, a ₹17.75 cr order materially boosts near-term revenue visibility. The win also extends the company's early-stage execution momentum after commissioning 9.67 MW of IPO-funded projects.

What we're watching

Timely execution within the six-month timeline given ongoing project ramp-up.
Further order inflows in upcoming fortnights to sustain order book growth.
Margins on EPC work compared to own development projects.

The full read

GRE Renew Enertech has locked a ₹17.75 crore turnkey EPC order from Standard Solar, a win that alone accounts for 15% of its FY26 standalone revenue. For a nano‑cap sitting on ₹79 crore quarterly sales, that is not a routine fill — it is a material addition. The 5.24 MW DC project comes with transmission infrastructure and a six‑month execution timeline. The order was fresh in the fortnightly update, not a prior deal. With the company already commissioning 9.67 MW of IPO‑funded solar projects in early June, this second order suggests a steady pipeline. The open question is how margins on EPC work stack against its own development projects, but for now the order book looks healthier than it did a month ago.

Questions answered

How significant is this order relative to GRE Renew's size?: The ₹17.75 cr order equals nearly 15% of FY26 standalone revenue and about 8% of the company's ₹226 cr market cap, making it a material addition.
Who is the counterparty, and what is the project scope?: Standard Solar Limited awarded the order for a 5.2416 MW (DC) / 3.90 MW (AC) grid-connected solar project with associated transmission infrastructure.
When was the order received and how was it disclosed?: The order was received on June 16, 2026, and first disclosed in the company's fortnightly business update; it is not a confirmation of a previously announced event.
How does this order affect near-term revenue outlook?: The order, executable over six months, provides clear revenue visibility for the next two quarters, adding meaningfully to the company's top line.
Does this order follow any recent project milestones?: Yes, the company recently commissioned 9.67 MW of solar projects from its IPO proceeds, indicating a steady project execution pipeline.

Mentioned: Standard Solar Limited · ₹17.75 cr · 5.2416 MW

Primary source BSE · NSE · Tijori

An independent reading of the company's own disclosure — the primary filing above is the final word.

Company snapshot

GRE Renew Enertech Ltd.

Engineering & Capital Goods

₹227 cr

P/E 16.69×

Latest quarter · Mar 2026

Sales₹79 cr

Net profit₹10 cr

Op. margin+13.4%

EPS₹6.70

Strength & growth

Debt / equity0.05×

Current ratio2.43×

Story so far

All notes on GRERENEW →

2 Jul 2026 · 7:00 PM IST GRE Renew grabs ₹17.75 cr solar EPC order, 15% of FY26 revenue
30d ago GRE Renew flips on 9.67 MW Gujarat solar projects funded by its IPO.