GRE Renew Enertech Surpasses 100 MWp Solar Milestone with ₹224 Crore Order Book
Ahmedabad, July 16, 2026: GRE Renew Enertech Limited has reached a significant milestone by exceeding 100 MWp in cumulative solar installations. The company reported that its current consolidated active order book stands at approximately 75 MWp, with an aggregate value of approximately ₹ 224 crore, reflecting accelerated growth for the renewable energy provider.The expansion in GRE's order book was driven by a series of new project wins during the first quarter of FY26-27. A major driver of this growth includes a recently secured turnkey order from Solarium Green Energy Limited valued at ₹175 crore. This contract is for a 50 MW AC/ 65 MW DC utility-scale, ground-mounted solar PV project based in Maharashtra. The aggregate value of this single contract exceeds the company's consolidated revenue from operations for FY 25-26, which was ₹122.9 crore, signaling a transition toward higher-value projects.
The company also recently secured a ₹17.75 crore solar EPC contract, bringing the cumulative EPC order total to 75 MWp and approximately ₹ 224 crore as of the end of the first quarter of the financial year. This expanding order book strengthens the company's portfolio of large-scale renewable energy projects and highlights its focus on delivering end-to-end clean energy infrastructure solutions.
In addition to new project wins, GRE Renew Enertech successfully commissioned a 7.20 MW (AC)/9.678 MW (DC) ground-mounted solar power plant under the RESCO (OPEX) model. This plant was a key objective for the company's strategic goals following its activities in early 2026.
The financial performance and operational milestones of GRE Renew Enertech Limited are summarized below:
| Metric | Value/Details |
|---|---|
| Cumulative Solar Installations | >100 MWp |
| Active Order Book Capacity | ~75 MWp |
| Active Order Book Value | Approx ₹ 224 Crore |
| FY 25-26 Consolidated Revenue | ₹122.9 Crore |
| Financial Year Ended March 31, 2026 Profit After Tax (PAT) | ₹13.6 Crore |
| 3-Year Compound Annual Growth Rate (CAGR) | 147% |
Managing Director Mr. Kamlesh Patel stated that the recent order wins and business acceleration represent an important milestone in strengthening the company's presence in the utility-scale solar segment. He noted that the active order book value outpacing the entire previous year's consolidated revenues reflects the trust customers place in GRE's execution capabilities as India's renewable energy sector continues to witness strong momentum.
GRE Renew Enertech operates through both EPC (CAPEX) and RESCO (OPEX) business models, serving industrial, commercial, and government customers on a captive and non-captive basis. The EPC model generates revenue through execution contracts and annual Operations and 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, the company will continue to prioritize the use of domestic solar modules and inverters across its project pipeline.
Stock Price Movement
As of 09:42, GRE Renew Enertech Ltd shares are holding steady at ₹145.00 with a flat 0.00% change. The stock is currently navigating an intraday range between ₹140.00 and ₹145.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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