About Company
• It offers a one-stop shop for all renewable energy needs, handling everything from land acquisition and project management to intricate design, engineering, construction, and infrastructure development. With their comprehensive services, it empowers one to streamline renewable energy projects in India.
• Builds renewable energy parks with ready-to-use infrastructure in suitable areas with minimal commissioning time and optimal efficiencies, which enable faster implementation of projects and lower production costs.
Services offered
1. Renewable Energy Power Parks: Specializes in conceiving, developing, and managing renewable energy power parks. These parks serve as hubs for clean energy generation, harnessing the power of renewable resources like solar and wind to produce electricity. Through meticulous planning and cutting-edge technology, the company ensures optimal performance and reliability of these power parks, contributing significantly to the transition to cleaner energy sources.
2. Turnkey EPC (Engineering, Procurement, and Construction) Services: Provides comprehensive Engineering, Procurement, and Construction (EPC) services for renewable energy projects. From initial design and procurement of materials to construction and commissioning, oversees every aspect of project implementation. Their turnkey solutions streamline the process, delivering high-quality and cost-effective renewable energy infrastructure while adhering to stringent safety and environmental standards.
3. Open Access Services: Facilitates open access services, enabling consumers to directly tap into renewable energy generated by third-party providers. Through this approach, the company promotes energy efficiency and sustainability by encouraging the utilization of clean energy sources. By offering transparent and efficient access to renewable power, it also empowers businesses and industries to make environmentally conscious energy choices, thereby fostering a greener and more sustainable energy ecosystem
The holding company is having its four subsidiaries with a complete ownership stake (99.9%) in each.
· The Company is held by 4 promoters, each promoter holds a 25% stake in the company, fostering a collaborative and ownership-driven leadership approach.
Track record/Operational Highlights
The company demonstrates remarkable operational stability and a diverse client base, having successfully completed numerous solar projects ranging from 5 megawatts to 600 megawatts.
· It’s sister concern companies have delivered projects of 5250 MW for esteemed clients such as TATA, Adani Powers, Voltas, Azure Power, Essel Infra, Mahindra Susten Ltd., and many more. These projects span across multiple states including Maharashtra, Madhya Pradesh, Andhra Pradesh, Karnataka, Tamil Nadu, Rajasthan, Uttar Pradesh, and Odisha, showcasing its widespread geographical presence and expertise in navigating regional regulatory frameworks.
- The Company have installed and commissioned over 68 solar projects across India, all averaging above 100 MW per project.
- The company has a Robust pipeline of 6000 MW in the state of Rajasthan, Maharashtra, Karnataka, Gujarat, Madhya Pradesh and Tamil Nadu in addition to 1500 MW under execution.
- The Company is active in states like Maharashtra, Madhya Pradesh, Andhra Pradesh, Karnataka, Tamil Nadu, Rajasthan, Uttar Pradesh & Odisha.
• Its Clientele includes large and renowned Corporates Like, Tata Power, AMPYR Energy, Arcelor Mittal, Bright Night, Sunsure, Sprng Energy, Ayana Power, JSPL Energy, Aditya Birla Renewables Pvt.Ltd. etc.
Future Plan
Moreover, with a robust pipeline of 6000 MW in addition to the existing 1500 MW, the company is well-positioned for exponential growth in the renewable energy sector. This impressive track record not only underscores the company's operational efficiency but also highlights its ability to forge enduring partnerships with industry-leading clients. Through its proven capabilities and extensive experience, the company remains at the forefront of driving solar energy adoption, contributing significantly to India's renewable energy landscape.
Financial Highlights (Historical and Projections) (INR in Cr.)
Particulars
|
2022-23 (Actual)
|
2023-24 (Prov.)
|
2024-25 (P)
|
2025-26 (P)
|
2026-27 (P)
|
Turnover
|
34.98
|
66.87
|
150.00
|
300.00
|
500.00
|
EBIDTA
|
5.75
|
15.52
|
37.50
|
81.00
|
145.0
|
EBIDTA (%)
|
16.43%
|
23.21%
|
25.0%
|
27.0%
|
29.0%
|
PAT
|
4.28
|
10.32
|
25.00
|
52.50
|
85.00
|
PAT (%)
|
12.21%
|
15.44%
|
16.67%
|
17.50%
|
17.00%
|
Debt Profile as on 31.03.23
Car loans from ICICI Bank Ltd. INR 3.46 Cr.
Loan from banks/NBFCs/ Financial Institutions: Nil
Working Capital Requirement for FY 2024-25 and DSCR (INR in Cr.)
S.N.
|
Description
|
Qtr.4 (3 months)
|
Equivalent to 2 months
|
Margin
|
Loan for W.C.
|
1
|
Accounts Receivables
|
108.39
|
72.26
|
18.07
|
54.20
|
|
Security Deposit /Advance Lease Rental / Other exp.. Before invoicing (70%)
|
|
50.58
|
12.64
|
37.94
|
|
Total Working Capital
|
|
122.84
|
30.71
|
92.14
|
Transaction:
1. The Company is looking for debt funding/Credit Line of Rs.90 Cr. (in two tranche Rs. 40 Cr. right now and Rs.50 Cr. after 6 months) to meet the increased working capital requirement for its exponential growth as there is ample scope of growth of renewable sector on account of main thrust of Government on this sector.
2. Security: Escrow mechanism against payment of invoices of Customers. In addition, a certain percentage of shares of the Company may be pledged as mutually decided.