| Mining Projects | Extraction and sale of lignite, bauxite, fluorspar, manganese ore, limestone, and associated minerals. | State backing, extensive mineral reserves, mine operational expertise, long-term industrial customer relationships. | B2B industrial clients in power, cement, chemicals, and metal industries mainly in Gujarat and expanding to other regions. | Lignite and high-grade bauxite mining segments lead in profitability due to scale and market demand. | 2711 | 94 | Mining sales, mineral auctions, and long-term supply contracts to industrial customers. | Primarily contract-based sales with volume-linked pricing; competitive bidding for limestone supply. | Rising industrial demand, mine expansions, improved operational efficiencies, and new mineral resource explorations. | Tadkeshwar, Mata no Madh, Bhavnagar, Umarsar lignite mines, Mevasa bauxite mine |
| Power Projects | Electricity generation from lignite-fired thermal and renewable energy sources (wind and solar). | Integrated mining and power capability, strategic location, and government support in renewables and power sector. | State utilities, industrial consumers, and renewable energy markets (B2B). | Wind energy projects with higher operational efficiency and lower fuel costs. | 160 | 6 | Sale of electricity to grid and captive clients through power purchase agreements and merchant sales. | Fixed and variable tariffs under power purchase agreements; merchant power sales for renewables. | Renewable capacity addition and thermal plant refurbishment efforts driving enhanced output and revenues. | Akrimota Thermal Power Station, 7 wind farms, Panandhro Solar Plant |
