About Grace Renewable Energy Ltd.
Incorporated in September 2013, Grace Renewable Energy Limited is engaged in providing solar energy solutions and energy-related products. Its business operates across three main verticals: solar Engineering, Procurement and Construction (EPC), trading of solar and energy-related products, and Battery Energy Storage Systems (BESS). Under its Solar EPC vertical, the Company provides turnkey solar photovoltaic solutions, including rooftop and ground-mounted installations for residential and commercial and industrial (C&I) customers. Its services cover site evaluation, system design, procurement, installation, testing, commissioning and operation and maintenance (O&M). As of March 31, 2026, the Company had cumulatively commissioned 94,904.74 kW of solar capacity across 6,344 projects and reported an EPC order book of ₹478.86 million.
The Company’s trading business primarily involves the sale of solar PV modules and inverters. It is an authorised channel partner for solar modules manufactured by Mundra Solar Energy Limited, Mundra Solar PV Limited and Adani New Industries Limited, and distributes inverters manufactured by a Chinese supplier. Its BESS business operates under the Grace brand and includes battery pack manufacturing and distribution through a combination of in-house production, third-party contract manufacturing and imports. The Company established a manufacturing facility in Ahmedabad, Gujarat, with an installed capacity of 48 MWh in 2026.
The Company has executed solar projects across 11 Indian states and international markets, with a presence in three countries. During Fiscal 2026, its revenue from operations was ₹2,058.36 million, compared with ₹1,204.92 million in Fiscal 2025 and ₹779.09 million in Fiscal 2024.
As of August 31, 2026, the Company had 87 permanent employees across technical, battery, sales and marketing, management and other functions.
Competitive Strengths
- Established track record in solar project execution.
- Growing capabilities in battery energy storage solutions.
- Experienced management team and qualified personnel.
- Integrated solar EPC, trading and BESS business verticals.
- Technical expertise and in-house project execution capabilities.
- Diversified customer base across domestic and international markets.
- Strategic relationships with solar module manufacturers and suppliers.
