| Solar EPC business | Engineering, procurement, construction, installation, commissioning of solar and hybrid renewable projects | Global scale with 28-country presence, low-cost India-based design, strong supply chain, long-term customer relationships | B2B clients including IPPs, developers, utilities, and large industrial customers | Design engineering, project management, and specialized hybrid EPC solutions | 6064 | 96 | Revenue earned via project contract execution and turnkey EPC services | Project-based contracting with milestone payments, fixed-price and EPC contracts | Rising solar demand, government incentives, hybrid project innovation, and expanding international footprint | Utility-scale solar projects, Floating Solar, Hybrid Solar+Wind projects |
| Operation & Maintenance Service | 24x7 monitoring, preventative and corrective maintenance, performance optimization | Scale in O&M portfolio over 10 GW, proprietary monitoring tech, client trust built over years | Owners of solar and hybrid power plants including third-party clients | Advanced analytics, predictive maintenance and robotic cleaning services | 236 | 4 | Recurring O&M contracts with service fees and performance-linked fees | Long-term service contracts with periodic payments | Growing commissioned capacity, rising focus on asset life optimization | Solar and hybrid plant O&M services |
