About Us
We are engaged in the business of providing utility-scale end-to-end solar energy solutions. We specialise in the development of ‘ready-to-build’ renewable energy infrastructure under our Co-Development Business model and providing engineering, construction and procurement (“EPC”) services for renewable power projects. We are among the leading players in the solar industry with a demonstrated track record, along with being one of the pioneers of the Co-Development Business model.
Across our two key business models, we have executed and / or are executing projects across 13 States and 1 Union Territory in India including Madhya Pradesh, Assam, Maharashtra, Karnataka, Telangana, Gujarat, Odisha, Rajasthan, Punjab, Uttarakhand, Uttar Pradesh, Tamil Nadu, Arunachal Pradesh and Jammu & Kashmir. In addition, we have also executed solar EPC projects with a cumulative capacity of 320.00 MWp in Bangladesh and Vietnam.
A brief on the two key business segments are as follows:
- Co-Development Business: Our Co-Development Business involves creating ‘ready-to-build’ solar energy infrastructure for our customers. Our typical scope of work includes land aggregation, securing grid connectivity (both inter-state and intra-state as the case maybe), and assisting with approvals such as connectivity permissions, bay allocation, captive arrangements, and power purchase agreements (“PPAs”) (collectively referred to as “Solar Power Asset”) tailored to our customer’s requirements in a separate special purpose vehicle (“SPV”), followed by transferring these SPVs to our customers and further undertaking EPC and O&M activities, basis the contractual arrangements with our customers. As of July 31, 2025, we have commissioned 36 solar projects under this model, with an aggregate capacity of 824.03 MWp across 6 states in India. As on July 31, 2025, we have 2,300.00 MWp of STU and ISTS connectivity under the granted / agreed to be granted status. Additionally, as on July 31, 2025, we have applied for connectivity approvals aggregating to 3,565.00 MWp across solar, wind and hybrid renewable energy sources with SCOD extending to Fiscal 2031 in certain states.
- EPC Business – In our EPC Business, we offer a complete range of EPC solutions from designing and engineering, procurement, construction, testing and commissioning of renewable energy (“RE”) power projects for customers who have the Solar Power Asset in place. The customer is responsible for the capital expenditure and the ownership of the projects remains with the customer. As of July 31, 2025, we have commissioned 14 solar EPC projects with an aggregate capacity of 947.15 MWp across 7 states in India and two international projects in Bangladesh and Vietnam. Based on our Company’s technical and financial capabilities, we can bid independently for tenders floated by PSUs having single contract values of ₹ 50,000 million.
Our ability to obtain the grid connectivity approvals from both the State Transmission Utility (STU) and Inter-State Transmission Systems (ISTS) has further enabled us to establish a reliable outlook for our Co-Development Business. ISTS connectivity is crucial for utility-scale solar IPP projects, especially in large-scale deployments where power needs to be transmitted across state boundaries.