• IPO proceeds utilization: The offering contains no secondary share sales or offer for sale, with all raised capital dedicated entirely to capacity expansion and growth.
• Capacity pipeline: The company operates 2,400 megawatt peak of capacity, has approximately 6,000 megawatts under execution, and holds about 10,000 gigawatt peak in total contracted capacity, which includes 4.5 gigawatt hours of battery storage.
• Portfolio and operational metrics: Around 83% of the capacity mix consists of wind-solar hybrid and FDRE projects, while 17% is vanilla solar, supported by de-risked land and connectivity, an average tariff of about ₹3.65, and a 21-day payment cycle.
• Execution and financial outlook: Management is prioritizing the execution of its existing contracted capacity over near-term acquisitions, anticipating that higher tariffs on upcoming operational capacities will improve revenue, EBITDA, and profitability.