GRE Renew Enertech Order Book Grows to ~₹248 Crore on New ₹24 Crore Orders
GRE Renew Enertech has expanded its consolidated EPC order book to approximately ₹248 crore following ₹24 crore in new order additions, underpinned by a landmark ₹175 crore turnkey contract from Solarium Green Energy. The company reported FY26 PAT of ₹13.6 crore and revenue from operations of ₹122.9 crore, alongside a 3-year PAT CAGR of 147%, while also crossing 100 MWp in cumulative solar installations.

*this image is generated using AI for illustrative purposes only.
GRE Renew Enertech Limited has further strengthened its project pipeline with ₹24 crore in new orders, taking its consolidated EPC order book to approximately ₹248 crore. This latest addition builds on the company's earlier order book of 75 MWp worth approximately ₹224 crore, driven by project wins in the first quarter of FY27. The company also commissioned a 7.20 MW (AC)/9.678 MW (DC) ground-mounted solar power plant under the RESCO model and has crossed the milestone of 100 MWp of cumulative solar installations by June 2026.
Order Book Overview
The updated order book reflects continued momentum in GRE Renew Enertech's project acquisition activity. The following table summarises the key order book metrics:
| Metric: | Value: |
|---|---|
| Previous Order Book Value | ₹224 crore |
| New Orders Added | ₹24 crore |
| Updated Total Order Book | ~₹248 crore |
| Order Book Capacity | 75 MWp |
Key Order Wins
The growth in the order book is anchored by a ₹175 crore turnkey order from Solarium Green Energy Limited for a 50 MW AC/65 MW DC utility-scale project in Maharashtra. The company also secured a ₹17.75 crore solar EPC contract. The aggregate value of the single ₹175 crore contract alone exceeds GRE Renew Enertech's consolidated revenue from operations of ₹122.9 crore for FY26.
Financial Performance
On a consolidated financial basis, GRE Renew Enertech reported a Profit After Tax (PAT) of ₹13.6 crore for the financial year ended March 31, 2026. The company has delivered a 3-year Compound Annual Growth Rate (CAGR) of 147% in PAT. The table below highlights the key financial metrics:
| Metric: | Value: |
|---|---|
| FY26 Revenue from Operations | ₹122.9 crore |
| FY26 PAT | ₹13.6 crore |
| 3-Year PAT CAGR | 147% |
Operational Highlights
GRE Renew Enertech operates through EPC (CAPEX) and RESCO (OPEX) business models, serving industrial, commercial, and government customers on a Captive and Non-Captive basis. The EPC model generates revenue through execution contracts and annual Operations & Maintenance (O&M) service agreements, while the RESCO model focuses on long-term Power Purchase Agreements (PPAs). The company has stated it will continue to prioritise the use of domestic solar modules and inverters across its project pipeline.
Historical Stock Returns for GRE Renew Enertech
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.79% | -9.16% | +8.73% | +70.98% | +89.14% | +89.14% |
How will the execution of the ₹175 crore utility-scale project impact GRE Renew Enertech's working capital requirements in the coming quarters?
Can the company maintain its 147% PAT CAGR given the significant increase in order book size relative to its current revenue?
What is the projected revenue contribution split between the EPC and RESCO models over the next fiscal year?


































