| Power | Wind power generation, maintenance and turnkey installation services for windmills. | Established wind farm infrastructure, diverse equipment suppliers, and longstanding relationships with clients and state boards. | Primarily B2B, including state electricity boards and large industrial corporate clients in South India. | Wind power generation and maintenance services with stable recurring revenues. | 33 | 100 | Sale of generated power under contracts to state electricity boards and corporate clients. | Power Purchase Agreements with fixed tariffs; revenue recognized on sale of units generated. | Renewable policies, corporate demand for green energy, acquisition of operating wind farms, and capacity upgrades. | Indowind Wind Power Assets |