Renew Energy Global PLC (OQ:RNW)
Business Focus: Renewable IPPs
| Sector: Utilities | Industry: Independent Power Producers |
| Company Contact | |
| Address: | C/O Vistra (UK) Ltd 3rd Floor, 11-12 St James's Square LONDON SW1Y 4LB |
| Tel: | N/A |
| Website: | https://www.renew.com |
| IR: | See website |
| Key People | ||
| Sumant Sinha Chairman of the Board, Chief Executive Officer, Founder | Kailash Vaswani Chief Financial Officer | Mayank Bansal Group President '€“ India RE Business |
| Sanjay Varghese President - Projects | Balram Mehta Chief Operating Officer and Group President - Renew Services Business | |
| Business Overview |
| ReNew Energy Global Plc is a United Kingdom-based company. The Company is a utility-scale renewable energy solutions providers in India. It operates wind, solar, and hydro energy projects. It provides clean energy solutions and value-added energy offerings through digitalization, storage, and carbon market services. It carries out business activities relating to the generation of power through non-conventional and renewable energy sources through ReNew Power Private Limited and its subsidiaries. It has primarily two reportable segments, namely wind power and solar power. Its wind power segment operates utility-scale wind energy projects in India and solar power segment operates its utility-scale and distributed solar energy projects in India. Other operations of the Company primarily include the sale of electricity from Hydro power and construction and maintenance of transmission lines. It offers a total commissioned capacity of 7.98 GW and an additional 5.72 GW of committed capacity. |
| Financial Overview |
| For the nine months ended 31 December 2023, Renew Energy Global PLC revenues increased 15% to RS63.2B. Net income totaled RS3.54B vs. loss of RS5.1B. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net Income reflects Finance costs and fair value change in d decrease of 14% to RS35.82B (expense), Finance income and fair value change in increase from RS2.01B to RS4.29B (income). |
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