Godrej & Boyce eyes 30% annual growth in solar EPC portfolio


Godrej Electricals & Electronics, a division of Godrej & Boyce, aims to grow its solar EPC portfolio at 30% annually over the next three years. With this growth, it expects its solar EPC business to reach a size of around INR 500 to 700 crore ($60-85 million) in value terms by the end of FY 2025-26.

Godrej Electricals & Electronics is aiming for 50 MW to 100 MW solar projects per year.

Godrej Electricals & Electronics has operated in the power transmission and distribution (T&D) segment for 15 years through its Power Infrastructure & Renewable Energy (PIRE) business unit and has completed projects up to 400 kV in various locations across India for public infrastructure projects as well as commercial customers.

It is also currently working on an 85 MW ground-mounted solar project for a state genco, which includes developing the entire infrastructure for power evacuation.

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