Ahmedabad: GRE Renew Enertech Limited today informed that it has crossed the milestone of 100 MWp of cumulative solar installations. The company’s current consolidated active order book stood at approximately 75 MWp, with an aggregate value of Approximately ₹ 224 crore, reflecting GRE’s accelerated growth.
The company said it has also successfully commissioned the 7.20 MW (AC)/9.678 MW (DC) ground mounted solar power plant under the RESCO (OPEX) model. This plant was one of the key objectives for its IPO completed in January this year.
The growth in GRE’s order book has been driven by a series of new project wins during the first quarter of FY26-27. A major anchor of this business growth includes a recently secured ₹175 crore turnkey order from Solarium Green Energy Limited for a 50 MW AC/ 65 MW DC utility-scale, ground-mounted solar PV project based in Maharashtra. Notably, the aggregate value of this single contract is higher than GRE’s consolidated revenue from operations for FY 25-26 of ₹122.9 crore, reflecting the company’s transition toward higher-value projects.
The company also recently secured a ₹17.75 crore solar EPC contract, marking a cumulative EPC order totaling 75 MWp and worth approximately ₹ 224 crore as at end of the first quarter of The Financial Year. This expanding order book significantly strengthens GRE’s growing portfolio of large-scale renewable energy projects and reflects its continued focus on delivering end to-end clean energy infrastructure solutions.
Kamlesh Patel, Managing Director, GRE Renew Enertech Limited Said, “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.”
On a consolidated financial basis, GRE has reported a Profit After Tax (PAT) of ₹13.6 crore (₹136 million) for the financial year ended March 31, 2026, reflecting a remarkable 3-year Compound Annual Growth Rate (CAGR) of 147%.
The company’s operational highlights include the installation of over 100 MWp of solar capacity by June 2026. GRE operates through both EPC (CAPEX) and RESCO (OPEX) business models, serving on Captive and Non-Captive basis for industrial, commercial, and government customers.
The EPC model generates revenue through execution contracts and annual Operations & Maintenance (O&M) service agreements, while the RESCO model focuses on long-term Power Purchase Agreements (PPAs) for recurring revenue. To support domestic clean energy supply chains, GRE will continue to prioritize the use of domestic solar modules and inverters across its project pipeline.
