Company
bags ₹23.99 crore of new solar project orders in the first fortnight of July
2026, lifting its total order book to approximately ₹248 crore
●
₹248 Cr - TOTAL
ORDER BOOK VALUE
●
₹23.99 Cr - NEW ORDERS (1–15 JUL ’26)
●
3 - FRESH SOLAR PROJECT
ORDERS
Ahmedabad,
July 17, 2026 : GRE Renew Enertech Limited (BSE SME: GRERENEW)
today said its consolidated order book has climbed to approximately ₹248
crore, after the company secured fresh orders aggregating ₹23.99 crore
in the first half of July 2026. The continued inflow underscores GRE’s
accelerating momentum in the utility-scale solar segment and its firm shift
toward larger, higher-value contracts.
The
fresh orders comprise a ₹3.49 crore, 0.7728 MWp captive solar project
for a domestic industrial customer, and two orders from a domestic renewable
energy developer — a ₹10.97 crore, 2.91648 MWp solar project under the
DREBP scheme and a ₹9.54 crore, 2.49988 MWp solar project under a
third-party-sale arrangement. All three are grid-connected, ground-mounted
single-axis tracker solar power plants, together adding about 6.19 MWp of
fresh capacity to the company’s execution pipeline.
The
additions build on a book already anchored by a ₹175 crore turnkey order
for a 50 MW (AC) / 65 MW (DC) utility-scale solar project in Maharashtra — a
single contract that alone exceeds GRE’s entire FY25-26 consolidated revenue of
₹122.9 crore. The momentum builds on an operational base that has crossed 100
MWp of cumulative solar installations, with profitability compounding at a
three-year CAGR of 147% to a Profit After Tax of ₹13.6 crore for the year ended
March 31, 2026.
“Our
steady stream of new order wins reflects the trust our customers place in GRE’s
execution capabilities. As we push to strengthen our presence in the
utility-scale solar segment, our order book has grown significantly compared to
our previous year's operational revenue, providing strong business visibility
and reinforcing our confidence in driving sustained, profitable growth for all
our stakeholders.”
—
Mr. Kamleshkumar D Patel, Managing Director, GRE Renew Enertech Limited