Operational Milestones and Capacity

  • Crossed milestone of 100 MWp cumulative solar installations by June 2026
  • Current consolidated active order book: 75 MWp with aggregate value of approximately ₹224 crore
  • Successfully commissioned 7.20 MW (AC)/9.678 MW (DC) ground mounted solar power plant under RESCO (OPEX) model
  • The RESCO plant commissioning was a key objective for the company's IPO completed in January 2026

Order Book Details and New Contracts

Order book growth driven by new project wins during Q1 FY26-27:

  • ₹175 crore turnkey order from Solarium Green Energy Limited for 50 MW AC/65 MW DC utility-scale, ground-mounted solar PV project in Maharashtra
  • ₹17.75 crore solar EPC contract
  • Single contract value of ₹175 crore exceeds FY25-26 consolidated revenue from operations of ₹122.9 crore

Financial Performance

  • FY26 Profit After Tax (PAT): ₹13.6 crore (₹136 million)
  • 3-year Compound Annual Growth Rate (CAGR) of PAT: 147%

Business Model and Strategy

  • Operates through EPC (CAPEX) and RESCO (OPEX) business models
  • Serves industrial, commercial, and government customers on Captive and Non-Captive basis
  • EPC model generates revenue through execution contracts and annual Operations & Maintenance (O&M) service agreements
  • RESCO model focuses on long-term Power Purchase Agreements (PPAs) for recurring revenue
  • Committed to prioritizing domestic solar modules and inverters across project pipeline to support domestic clean energy supply chains

Management Commentary

Mr. Kamlesh Patel, Managing Director, stated: "Our recent order wins and business acceleration represent an important milestone in our journey as we push towards strengthening our presence in the utility-scale solar segment. The fact that our active order book value has outpaced our entire previous year's consolidated revenues reflects the trust our customers place in GRE's execution capabilities. As India's renewable energy sector continues to witness strong momentum, we remain focused on building reliable clean energy infrastructure and driving sustained business growth for our stakeholders."

#GRE Renew Enertech #BusinessUpdate #SEBIDisclosure #RegulatoryCompliance #SolarEnergy #Positive