Mumbai, June 26 -- Trom Industries has been awarded a 10 megawatt (MW) rooftop solar contract by South Bihar Power Distribution Company under the central government PM Surya Ghar-Muft Bijli Yojana. The order will be executed under a CAPEX-plus-RESCO model and covers 9,936 residential consumer installations of one point one kilowatt (kW) each in Bihar's Aurangabad circle. Unlike utility scale farms concentrated at a single site, the work comprises thousands of rooftop systems spread across households, which makes logistics and deployment central to the contract.
The company has indicated the project is scheduled for completion within nine months of signing the power purchase agreement. Market response was muted and trading remained flat, with Trom Industries shares at Rs 54.40 as of 9:21 AM IST on June 18, unchanged from the previous close. The muted reaction suggests investors may be awaiting greater clarity on the financial value of the assignment, which the filing did not disclose.
The PM Surya Ghar-Muft Bijli Yojana has created a significant pipeline for rooftop solar and has prompted state distribution companies to aggregate residential demand under utility led aggregation. This approach allows developers to deploy rooftop systems at scale rather than sourcing customers individually and has become a focal point for engineering, procurement and construction contractors. For Trom Industries the Bihar contract provides access to nearly 10,000 consumer connections through a single award, expanding its portfolio of government backed assignments.
Trom Industries operates in the solar and engineering segment, undertaking rooftop solar and renewable energy projects for residential, commercial and institutional customers and has been increasing participation in government backed programmes. The company has added another utility backed assignment at a time when rooftop installations are among the fastest growing segments within India's renewable energy market. Attention will now shift to execution and delivery, with nearly 10,000 rooftop systems slated for deployment over the next nine months under the contract.
Published by HT Digital Content Services with permission from Construction World.