| Engineering, Procurement, and Construction (EPC) | Design, build, and install solar power systems for commercial and industrial customers under CAPEX model. | Strong track record with 100+ MW projects, technical expertise in EPC, international experience. | B2B industrial and commercial clients in India and Kenya. | Utility-scale and large commercial rooftop solar installations. | 1780 | 98 | Project-based revenues from solar EPC contracts. | Contract-based, one-time payments upon project milestones. | Increasing solar adoption, government incentives, international expansion into new markets. | |
| Renewable Energy Service Company (RESCO) | Operate and maintain solar projects on Build-Own-Operate-Transfer basis, selling power via Power Purchase Agreements | 17 subsidiaries to manage RESCO projects, capital-light model with steady cash flows. | Industries and commercial establishments preferring no upfront capital expense (B2B). | Long-term PPAs with reputed clients. | 33 | 2 | Recurring revenue from long-term PPAs with clients. | Power purchase agreements with fixed tariffs over contract duration. | Growing preference for OPEX models and renewable energy purchase agreements. | |
