About Onix Renewable Limited

About the Company

Onix Renewable Ltd. is a pioneering Indian company focused on providing innovative solutions across multiple 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 manufacturing solar modules.

1. Business Model of Onix Renewable Ltd.

EPC Services (Engineering, Procurement, Construction):

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

Independent Power Producer (IPP):

• We develop, finance, construct, and operate renewable energy projects, managing the entire project lifecycle to ensure sustainable and reliable power generation.

Production:

• Onix has a significant production capacity for solar photovoltaic modules and plans to expand to 1200 MW by 2024. The company is also working on technological innovations such as EV chargers and energy storage systems.

Operation and Maintenance (O&M):

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

Strategic Projects and Partnerships:

The company has successfully implemented hybrid power generation projects and established important 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 Modules (Monocrystalline, Polycrystalline, TOPCON)
• Solar Power Inverters, Pumps, Water Heaters, Street Lights
• Rooftop and Ground-Mounted Solar Power Solutions
• Hybrid Power Systems
• Chargers for Electric Vehicles, Bike Batteries, Drone and Robot Cleaning Systems, Energy Storage Systems.

3. Comprehensive Services

Onix Renewable offers a fully integrated suite of services, including:

• EPC Services: End-to-end solutions from planning to commissioning and maintenance.
• Operations and Maintenance (O&M): A portfolio of over 150 MW with a focus on safety, reliability, and customer satisfaction.
• Independent Power Producer (IPP): A sustainable business model aligned with stakeholder interests and covering the entire value chain from development to operations.

5. Place Market Presence and Success

• • Market Leader: Recognized as the market leader in renewable energy, offering integrated solar solutions.
  • Geographic Presence: Pan-India presence with offices across 8 states and 1,000+ team members.
  • Key Projects: 700+ completed projects, including 250+ MW hybrid power plants, 200+ MW ground-mounted solar power plants, and large-scale wind and industrial rooftop projects.
  • Awards and Recognition: Winner of numerous awards, including the Global Business Achievement Awards for Renewable Energy.

  6. Place Significant Projects and Collaborations

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

  7. IPO Announcement

  Onyx Renewables Ltd. (ORL), under the leadership of Chairman and Managing Director Divyesh Savariya, is planning an initial public offering (IPO) in 2024.

  The IPO is aimed at funding significant investments in renewable energy projects, including solar, wind, solar-wind hybrid, and green hydrogen initiatives. Additionally, the funds will strengthen the solar module manufacturing unit and increase its capacity and technological capabilities.

  
  Fundamentals