StockWatch
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Civil Construction
Business Update16 Jul 2026, 09:44 am

GRE Renew Enertech Hits 100 MWp Solar Milestone; EPC Order Book ₹224 Cr

AI Summary

GRE Renew Enertech Limited has announced crossing the 100 MWp cumulative solar installations milestone. The company's consolidated active order book stands at approximately 75 MWp, valued at ₹224 crore. This includes a significant ₹175 crore turnkey order from Solarium Green Energy Limited for a 50 MW AC/65 MW DC project. The company also commissioned a 7.20 MW solar power plant under the RESCO model. GRE reported a Profit After Tax (PAT) of ₹13.6 crore for FY26, with a 3-year CAGR of 147%. The company operates under both EPC (CAPEX) and RESCO (OPEX) models and prioritizes domestic solar modules.

Key Highlights

  • Achieved 100 MWp cumulative solar installations milestone.
  • Consolidated EPC order book reaches 75 MWp, valued at ₹224 crore.
  • Secured a ₹175 crore turnkey order for a 50 MW utility-scale solar project.
  • Reported FY26 PAT of ₹13.6 crore with a 147% 3-year CAGR.
  • Order book value exceeds entire FY26 consolidated revenue.