Insolation Energy Limited has taken a significant step towards expanding its solar energy portfolio. The company's wholly-owned subsidiary, Insolation Green Energy Private Limited, has incorporated three new special purpose vehicles (SPVs) to set up solar power plants.

New Subsidiaries

The three newly incorporated wholly-owned subsidiaries are:

1. PED Green Infra One Private Limited
2. JRD Green Infra One Private Limited
3. MVS Green Infra One Private Limited

These SPVs were incorporated on September 9, each with an authorized share capital of Rs. 1.00 lakh, divided into 10,000 equity shares of Rs. 10.00 each.

Business Focus

The new subsidiaries will focus on various aspects of solar power plant development, including:

• Erection, installation, and construction
• Operation and maintenance
• Consultancy services for renewable energy power plants
• Design, supply, and commissioning of rooftop solar photovoltaic projects

Financial Details

Insolation Green Energy Private Limited has invested Rs. 1.00 lakh in each of the new entities through cash consideration. This strategic move aligns with Insolation Energy's commitment to expanding its presence in the renewable energy sector.

Regulatory Compliance

The company has made this disclosure in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The incorporation of these subsidiaries is seen as a related party transaction, as they are promoted by Insolation Green Energy Private Limited, a wholly-owned subsidiary of Insolation Energy Limited.

Market Impact

This expansion into solar power plant development through dedicated SPVs demonstrates Insolation Energy's commitment to growth in the renewable energy sector. The move is likely to strengthen the company's position in the solar industry and potentially create new revenue streams in the future.

As the newly incorporated entities begin their operations, investors and industry observers will be keen to see how these strategic investments contribute to Insolation Energy's overall performance and market presence.

Insolation Energy Limited , one of India's leading solar panel manufacturers, has reported robust financial performance for the fiscal year 2024-25, marked by significant revenue growth and capacity expansion.

Financial Highlights

The company's consolidated revenue surged by 80.93% year-over-year to Rs. 1,333.76 crore in FY 2024-25. EBITDA saw a remarkable increase of 102.35%, reaching Rs. 170.32 crore. Profit after tax (PAT) jumped by 127.48% to Rs. 126.19 crore, reflecting strong operational performance and improved margins.

Operational Expansion

Insolation Energy's wholly-owned subsidiary, Insolation Green Energy Private Limited, commenced commercial operations of its new 4.5 GW PV Module manufacturing plant in Jaipur, Rajasthan. This expansion significantly boosts the company's production capabilities.

Strategic Initiatives

The company successfully raised Rs. 395.19 crore through a preferential issue of shares, demonstrating investor confidence in its growth strategy. These funds will support ongoing capacity expansion initiatives.

Insolation Energy signed a Memorandum of Understanding worth Rs. 10,000 crore with the Rajasthan government for solar power generation, component manufacturing, EPC projects, and solar parks development by 2030.

Future Outlook

The company has set ambitious revenue targets for the coming years:

Insolation Energy is also evaluating entry into battery energy storage systems (BESS) and solar wafer manufacturing, aligning with its strategy of vertical integration across the solar value chain.

Market Position

With an extensive distribution network spanning over 100 districts and serving more than 15,000 customers, Insolation Energy has solidified its position as a pan-India player in the solar industry. The company's products are BIS and IEC certified, ensuring high quality and reliability.

Manish Gupta, Chairman and Whole Time Director, commented on the results: "FY 2024-25 has been a transformative year for Insolation Energy. Our strong financial performance and strategic expansions position us well to capture the growing opportunities in India's renewable energy sector."

As India accelerates its transition to clean energy, Insolation Energy Limited appears well-positioned to play a significant role in the country's solar manufacturing landscape.