About the Company

Onix Renewable Ltd. is a pioneering company in India, focused on delivering innovative solutions across various sectors, including renewable energy, IPP (Independent Power Producer), EPC (Engineering, Procurement, and Construction), energy transition, infrastructure, wind, solar, storage, utility, hybrid, green hydrogen, R&D, and power generation. The company also specializes in the manufacturing of solar panels.

1. Business Model of Onix Renewable Ltd.

EPC (Engineering, Procurement, and Construction) Services:

• Onix provides complete turnkey solutions from design and procurement to construction and commissioning, ensuring maximum efficiency and high-quality project execution.

Independent Power Producer (IPP):

• The company develops, finances, constructs, and operates renewable energy projects, managing the entire project lifecycle and ensuring sustainable and reliable power generation.

Manufacturing:

• Onix has a significant manufacturing capacity for solar PV modules, with plans to expand to 1200 MW by 2024. The company is also innovating in technologies like EV chargers and energy storage systems.

Operation & Maintenance (O&M):

• Onix offers comprehensive O&M services, managing over 150 MW of renewable energy assets with a focus on safety, innovation, and optimal performance.

Strategic Projects and Partnerships:

• The company has successfully executed hybrid power projects and established significant collaborations with state governments for large-scale solar and hybrid projects

2. Product Portfolio

Onix Renewable offers a wide range of products and services, including:

• Solar panels (monocrystalline, polycrystalline, and TOPCON)
• Solar inverters, pumps, water heaters, and street lights
• Rooftop and ground-mount solar solutions
• Hybrid power systems
• EV chargers, bike batteries, drone and robot cleaning systems, and energy storage systems

3. Comprehensive Services

Onix Renewable provides a fully integrated range of services, including:

• EPC Services: End-to-end solutions from design to commissioning and maintenance.
• Operation & Maintenance (O&M): A portfolio of over 150 MW, focusing on safety, reliability, and customer satisfaction.
•  Independent Power Producer (IPP): Sustainable business models aligned with stakeholder interests, covering the entire value chain from development to operation.

5. Market Presence and Achievements

• Market Leader: Recognized as a leader in the renewable sector, providing integrated solar solutions.
• Geographical Presence: Pan-India presence with offices in 8 states and over 1000 team members.
• Major Projects: Over 700 projects completed, including 250+ MW hybrid power plants, 200+ MW solar ground mounts, and significant wind and industrial rooftop projects.
• Awards and Recognition: Received numerous accolades, including the Global Business Achievement Awards for Renewable Energy.

6. Key Projects and Collaborations

• Hybrid Power Projects: Notable projects include 60 MW in Kagvad, 120 MW in Sutrapada, and 300 MW in Charkha.
• Solar Projects: Significant installations include 12 MW in Kanodiya and 210 MW under the PM-KUSUM scheme.
• Future Projects: Upcoming ventures include 600 MW hybrid projects in Khambhalia and Bhuj, and 300 MW solar projects in Rajasthan and Uttar Pradesh.

7. IPO Announcement

Onix Renewable Ltd. (ORL) is planning to launch its Initial Public Offering (IPO) in 2024 under the leadership of Chairman & Managing Director Divyesh Savaliya.

The IPO aims to finance significant investments in renewable energy projects, including solar, wind, hybrid solar-wind, and green hydrogen initiatives. Additionally, the funds will bolster its solar panel manufacturing division, enhancing its capacity and technological capabilities.