Synopsis: GRE Renew Enertech Limited has secured new solar EPC orders worth approximately Rs. 24 crore during the first fortnight of July, taking its total order book to around Rs. 248 crore. The orders include turnkey solar power projects under captive, DREBP and third-party sale schemes, strengthening the company’s execution pipeline.
Shares of GRE Renew Enertech Limited are likely to remain in focus after the company announced that it received fresh orders worth Rs. 23.99 crore during the period from July 1 to July 15, 2026, resulting in its aggregate order book increasing to approximately Rs. 248 crore.
GRE Renew Enertech Limited has a total market capitalization of approximately Rs. 228 crore. The company’s shares were trading at Rs. 159.85 apiece on the stock exchange, up by 5 percent. The stock has gained 1.17 percent over the last five trading sessions, while it has gained 1.43 percent over the last month. The stock touched a 52-week high of Rs. 117.80 and a 52-week low of Rs. 77.50.
According to the company’s exchange filing, it secured three domestic turnkey EPC contracts with an aggregate value of Rs. 23,99,74,407, inclusive of applicable GST. The company clarified that these contracts were received in the ordinary course of business and form part of its regular fortnightly business update.
The largest order, valued at approximately Rs. 10.97 crore, was received from Navsurya Renewable Energy Private Limited for the design, engineering, supply, procurement, construction, installation, testing and commissioning of a 2.916 MWp (DC) / 2.10 MW (AC) grid-connected ground-mounted single-axis tracker solar power plant under the DREBP Scheme. The project is scheduled to be executed within approximately six months.
The company also received another order from Navsurya Renewable Energy Private Limited worth approximately Rs. 9.54 crore for setting up a 2.50 MWp (DC) / 1.80 MW (AC) grid-connected ground-mounted single-axis tracker solar power plant under the Third-Party Sale Scheme, with an execution timeline of around six months. Additionally, Dain Colour Chem Limited awarded a contract worth approximately Rs. 3.49 crore for a 0.77 MWp (DC) / 0.60 MW (AC) captive solar power plant, which is expected to be completed within 12 months.
The fresh order inflows strengthen GRE Renew Enertech’s project pipeline and improve revenue visibility over the coming quarters. With the order book now standing at approximately Rs. 248 crore, the company has a healthy execution backlog that could support business growth as these projects move into the construction phase.
India’s solar EPC industry continues to benefit from increasing investments in captive solar, commercial and industrial renewable energy projects, and government initiatives promoting clean energy adoption. Rising demand for lower energy costs and sustainability targets is encouraging businesses to install captive and third-party solar power plants, creating long-term opportunities for EPC contractors.
For investors, the latest order wins reinforce GRE Renew Enertech’s ability to consistently secure solar EPC contracts across multiple customer segments. The growing order book enhances revenue visibility and reflects sustained demand for the company’s renewable energy solutions, although timely project execution will remain key to converting the order pipeline into financial performance.
Incorporated in 2008, GRE Renew Enertech Limited is engaged in providing solar energy solutions, including turnkey EPC services for solar power projects, along with the manufacturing and marketing of LED lighting products. The company caters to commercial, industrial and renewable energy customers across India.
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