Onix Renewable Unlisted Shares

Rs 13000 crore order book! Rs 18000 crore MoU with Gujarat govt – Company bags multiple solar projects

msn.com

2 min read

Onix Renewable Secures ₹13,000 Crore Order Book, ₹18,000 Crore MoU with Gujarat Govt for Solar Projects.

Expert Analysis:

Onix Renewable’s IPO and Solar Projects: Onix Renewable prepares for its IPO, with an order book exceeding ₹13,000 crore and a vision to expand EPC services to 15+ GW by 2030.

EPC Experience and Workforce: Onix Renewable, with over 1000 MW of EPC experience, including substation transmission lines is backed by a dedicated workforce of 1,000 employees driving innovation and operational excellence.

Strategic Collaborations and Achievements: Signed a ₹18,000 crore MoU with Gujarat and commissioned a 52 MW hybrid project in six months.

Prestigious PM-KUSUM Projects Awarded: Onix Renewable was awarded multiple key projects, including 187 MW, 990 MW, 969 MW, and 225 MW Solar PV projects under the PM-KUSUM Scheme.

PM-KUSUM Scheme and Renewable Energy Goals: Onix Renewable contributes to the PM-KUSUM scheme, supporting energy security for farmers and India's 40% non-fossil fuel energy target by 2030.

Expansion of PV Module Manufacturing: Onix Renewable expands its manufacturing capacity from 100 MW to 1,200 MW, with plans to reach 10 GW by 2027.

Takeaways

Onix Renewable’s ₹13,000 crore order book, rapid project execution, and expansion plans showcase its dominance in green energy.

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