We are amongst the top 10 renewable energy independent power producers in India in terms of our Total
Capacity as at December 31, 2024 with a focus on complex renewable energy projects.
Proven ability to secure land and establish robust connectivity well in advance.
We have long-term power purchase agreements with central and state government off-takers and fixed
tariff structures, enabling long-term and stable cash flows.
We have a track record of delivering projects ahead of schedule which is backed by our end-to-end inhouse
capabilities in developing and operating renewable energy projects.
Established supply chain de-risking strategy, ensuring timely procurement and quality of the critical
components.
Experienced and committed Promoters, credible financial partners and a dynamic team guided by
experienced leadership.
A significant portion of the company's revenue from operations is derived from the sale of electricity generated at its projects and the company's top two off-takers collectively contributed 86.06%, 91.11% and 97.00% of its revenue from operations for Fiscals 2026, 2025 and 2024, respectively. The loss of any such key commercial relationships could adversely affect the company's business, results of operations, financial condition and cash flows.
The company's business is dependent on suppliers for the procurement of critical components, equipment, material and other goods for the operation of its projects as well as for other business operations. The company's top 10 suppliers collectively contributed to 84.42%, 79.99% and 87.52% of its total purchases for Fiscals 2026, 2025 and 2024, respectively. Interruptions in the supply of the company's critical components and other goods could adversely affect its business operations, financial position and cash flows.
The company's Corporate Promoter, Juniper Renewable Holdings Pte. Ltd. has encumbered some of its Equity Shares in favor of the Indian Renewable Energy Development Agency Limited. In the event that any encumbrance is enforced, it may dilute the shareholding of its Corporate Promoter, which could adversely affect the company's business and reputation.
The company's renewable energy projects is located in the states of Gujarat, Maharashtra, Rajasthan and Madhya Pradesh. Any change in governmental policies or occurrence of natural disasters in any of these states may impact its business, cash flows, financial condition and results of operations.
The company's development of renewable energy projects may be restrained by its inability to identify or acquires suitable land sites. If the company is unable to identify suitable land on commercially acceptable terms, its ability to develop new renewable energy projects on a timely basis or at all might be affected, which could result in the imposition of liquidated damages and/or reductions in tariffs which could adversely affect the company's business, financial condition, cash flows and results of operations.
The company's business is subject to environmental conditions, seasonal fluctuations and natural calamities that may have an adverse impact on its business, financial condition, cash flows and results of operations.
The company has in the past entered into a number of related party transactions and may continue to enter into related party transactions in the future that may involve conflicts of interest.
The reduction, modification or cancellation of government and economic incentives may reduce the economic benefits of the company's existing renewable energy projects and its opportunities to develop or acquire new renewable energy projects.
The company does not own a majority of the land on which its projects is located or will be located and the company's Registered Office and its Corporate Office is leased. If these leases or sub-leases are terminated or not renewed on terms acceptable to the company, it could adversely affect its business, results of operations and cash flows.
A portion of the Net Proceeds is proposed to be utilized for repayment or prepayment of certain loan facilities availed by the Company from The Hongkong and Shanghai Banking Corporation Limited which is an affiliate of HSBC Securities and Capital Markets (India) Private Limited, one of the Book Running Lead Managers.
