GRE Renew Enertech IPO

GRE Renew Enertech Limited is engaged primarily in the business of providing solar energy solutions to industrial and commercial customers in India. The company’s core operations are focused on the design, engineering, procurement, construction, operation, and maintenance of rooftop and selective ground-mounted solar power projects. Its activities are structured around two principal business models: the Capital Expenditure (CAPEX) model and the Renewable Energy Service Company (RESCO) model. Under the CAPEX model, customers invest in the solar project assets, while the company undertakes engineering, procurement, construction, and operational responsibilities on behalf of the customer. Under the RESCO model, the company develops, owns, and operates solar power installations and supplies electricity to customers at pre-agreed tariffs for the duration of the contract. In addition to its solar energy operations, the company manufactures light-emitting diode (LED) lighting solutions for indoor and outdoor applications. The company operates through three divisions: the solar segment, the LED segment, and the export segment. It also has a foreign subsidiary, DK USA Inc., which is engaged in departmental stores, convenience stores, and gas station operations in the United States and functions independently from the company’s core solar activities. GRE Renew Enertech Limited’s operations are currently concentrated mainly in Gujarat.;