GRE Renew Enertech Limited (GRERENEW)

Overview

GRE Renew Enertech Limited is a renowned renewable energy enterprise that focuses on solar power solutions primarily designed for industrial and commercial sectors in India. The company specializes in both rooftop and ground-mounted solar installations, deploying two principal operational models: the CAPEX (EPC) model, where clients benefit from turnkey engineering, procurement, construction, and commissioning services while retaining ownership of the assets, and the RESCO (Opex) model, in which GRE Renew Enertech Limited invests in, owns, and manages solar systems to provide power at fixed tariffs. Headquartered in Mehsana, Gujarat, the firm has established a formidable project portfolio comprising over 61 megawatts (MW) of solar capacity. With a professional and adept management team, hands-on operations and maintenance staff, and a strong alignment with India's renewable energy policies, the company showcases impressive financial growth, with revenue anticipated to reach ₹84 crore in financial year 2025 and an EBITDA margin of 11%. After successfully completing a ₹40 crore IPO, the firm was recently listed on the BSE SME platform. GRE Renew Enertech Limited is committed to fostering clean energy adoption and sustainability initiatives across the region.

Products and Services

• Rooftop Solar Installations: The company provides customized rooftop solar energy solutions designed for industrial and commercial clients. These installations allow businesses to utilize renewable energy directly, significantly reducing electricity costs and enhancing energy independence.
• Ground-Mounted Solar Installations: GRE Renew Enertech Limited also focuses on developing large-scale ground-mounted solar projects that generate substantial power. These systems are built on open land, providing optimal energy harnessing and catering to the energy needs of larger clients.
• CAPEX (EPC) Model: Under this model, GRE Renew Enertech Limited delivers a full suite of services from engineering, procurement, and construction to commissioning, allowing clients to own and operate the solar assets directly. This approach ensures that clients have complete control over their solar investments.
• RESCO (Opex) Model: This operational model allows the company to invest in, own, and manage solar systems. Clients benefit from purchasing power at pre-defined fixed tariffs without the upfront capital expenditure typically associated with solar installations, making renewable energy more accessible.
• LED Lighting Solutions: In addition to its solar services, the company offers energy-efficient indoor and outdoor LED lighting solutions. These products help clients reduce their energy consumption while enhancing visibility and reducing operational costs.