Truzon Wins ₹236 Crore EPC Order for 72 MW of PM-KUSUM-C Solar Projects in Maharashtra

October 21, 2026 By Hiral Gorasia 5 min read
0:00 / 06:26

Hyderabad-based Truzon Clean Energies Pvt. Ltd., formerly Suntek Energy Systems Pvt. Ltd., has secured an engineering, procurement and construction (EPC) order worth ₹236 crore from Hariom Power & Energy Private Limited for 72 MW of ground-mounted solar projects in Maharashtra. Announced on 16 October 2026, the projects are being developed under Component C of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) and are spread across Hingoli, Latur, Parbhani and Beed districts of the Marathwada region. Of the total contracted capacity, Truzon has already executed 15 MW.

Scope of the Order

Under the turnkey contract, Truzon is responsible for design, engineering, procurement, construction, installation, testing, commissioning and performance demonstration of the plants. Once fully commissioned, the portfolio is expected to generate approximately 89.89 million units (MU) of electricity annually, subject to final project specifications and operating conditions.

At ₹236 crore for 72 MW, the order value works out to roughly ₹3.28 crore per MW. The announcement does not state whether the 72 MW figure refers to AC or DC capacity.

The Developer Behind the Projects

Hariom Power & Energy Private Limited (HPEPL) is the renewable energy subsidiary of Hariom Pipe Industries Limited (HPIL), a Hyderabad-based manufacturer of steel pipes and tubes listed on the NSE and BSE. HPIL entered the renewable energy sector in March 2025 after receiving a Letter of Award from Maharashtra State Electricity Distribution Company Limited (MSEDCL) to develop solar power plants with an aggregate capacity of 60 MW (AC). The award falls under the Mukhyamantri Saur Krushi Vahini Yojana (MSKVY) 2.0, Maharashtra’s programme for feeder-level solarisation under PM-KUSUM Component C. As per the company’s disclosure, the power generated will be sold to MSEDCL under a 25-year power purchase agreement (PPA) at a fixed tariff of ₹2.96 per kWh.

In November 2025, HPEPL allotted fresh equity shares on a preferential basis to HPIL and certain identified investors. With this, HPEPL moved from being a wholly owned subsidiary to a subsidiary of HPIL.

Commissioning Progress on the Ground

In a regulatory filing dated 14 October 2026, Hariom Pipe Industries informed the stock exchanges that HPEPL had commissioned two 5 MW (AC) solar plants under MSKVY 2.0 in Sengaon taluka of Hingoli district. The first, at Jaipur (Sakhara), injects power at the 33/11 kV Jaipur substation, while the second, at Pusegaon, is connected to the 33/11 kV Pusegaon substation.

These two plants raised the group’s total commissioned solar capacity to 15 MW (AC), in line with the 15 MW that Truzon reports as already executed. The balance of the capacity is to be built across the remaining project sites in the four districts.

Statements from the Companies

Charugundla Bhavani Suresh, Managing Director of Truzon Solar, described the order as a significant milestone and a reflection of the trust the company has built with the client. Srinivas Jakkula, Chief Executive Officer of Truzon Solar, noted that delivering 72 MW across four districts requires precise engineering and close coordination, with safety and long-term plant performance remaining central to execution.

Roopesh Gupta, Managing Director of Hari Om Industries, said the two companies have worked together for six years, and attributed the award to Truzon’s consistent quality standards and proactive after-sales service.

About Truzon Solar

Truzon Solar is the brand of Truzon Clean Energies Pvt. Ltd. The company has more than 18 years of industry experience and over 650 employees across eight offices. It has delivered over 400 MW of solar capacity and completed more than 15,000 installations across residential, commercial, industrial and utility-scale segments.

PM-KUSUM Component C: The Policy Context

PM-KUSUM was launched by the Ministry of New and Renewable Energy (MNRE) in March 2019 to add about 34,800 MW of solar capacity in the farm sector, with total central financial support of ₹34,422 crore. The scheme has three components: decentralised grid-connected solar plants (Component A), standalone off-grid solar pumps (Component B), and solarisation of existing grid-connected agricultural pumps (Component C).

Component C targets 35 lakh grid-connected pumps and can be implemented either through individual pump solarisation or through feeder-level solarisation (FLS). Under FLS, a solar plant is set up near a substation to supply an entire agricultural feeder, allowing farmers to receive daytime power for irrigation without installing panels on their own land. MNRE provides central financial assistance of ₹1.05 crore per MW for feeder-level solarisation, with higher support for the north-eastern, hilly and island regions.

According to MNRE’s reply in the Lok Sabha in July 2026, PM-KUSUM had installed 13.11 GW of solar capacity by 31 March 2026. MNRE has also extended the completion deadline to 31 March 2027 for projects whose PPAs or notices to proceed were issued on or before 31 December 2025, after developers reported delays in securing financial closure. Maharashtra has been the leading state in pump solarisation under Component C, largely through MSKVY 2.0.

Significance

The order reflects a broader shift in how PM-KUSUM capacity is being delivered. Industrial groups without a power-sector background are entering as solar power developers under state feeder solarisation tenders, while specialised EPC companies take on design and execution across multiple, geographically dispersed sites. For Marathwada, a predominantly rain-fed and agriculture-dependent region, distributed solar plants connected at 33/11 kV substations can improve the reliability of daytime supply to farm feeders and reduce the cost of agricultural power for the distribution utility.

For Truzon, the contract strengthens its presence in utility-scale, government-scheme-linked solar projects. With 15 MW already in operation and the PM-KUSUM completion window now running to March 2027, timely execution of the remaining capacity will be the key milestone to watch.

Official Sources

  1. Hariom Pipe Industries Ltd – Regulation 30 disclosure: commissioning of 10 MW (AC) under MSKVY 2.0, Hingoli (NSE, 14 October 2026)
  2. Hariom Pipe Industries Ltd – Regulation 30 disclosure: change in subsidiary status of Hariom Power and Energy Pvt. Ltd. (NSE, 22 November 2025)
  3. Hariom Pipe Industries Ltd – Official website and investor disclosures
  4. Truzon Solar (Truzon Clean Energies Pvt. Ltd.) – Official website
  5. Ministry of New and Renewable Energy – PM-KUSUM official portal
  6. Rajya Sabha – Unstarred Question No. 1739 on PM-KUSUM Scheme (MNRE reply, 10 December 2024)
  7. Lok Sabha (Digital Sansad) – Questions and Answers: MNRE replies on PM-KUSUM

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