Onix Renewable unlisted share price

Price history

About

Onix Renewable Limited is a Gujarat-based renewable energy company with its registered office at Lodhika GIDC, Rajkot. It started as an EPC business, which means it designs and builds solar plants for other companies. Over time it has widened into wind and hybrid projects, independent power producer (IPP) development, solar module manufacturing, battery storage, green hydrogen and green ammonia, and operations and maintenance services. On its EPC side, the company says it has executed 1400+ MW of projects so far and is developing 800+ MW more. It names ACME, EDF, JSW, Hinduja and Ampin among its clients. In solar module making, it says it is scaling capacity up from 100 MW to 600 MW. On the IPP side, the chairman's message says the portfolio has reached 2100 MW across Gujarat and Maharashtra, with a total project investment of ₹10,000 crore. Under the PM-KUSUM scheme, 115 MW out of 187 MW in Gujarat is commissioned. The 990 MW project in Maharashtra is at an advanced stage, and its commercial operation date has been extended to 31 March 2027. The company says revenue grew from ₹20 crore in FY21 to ₹1,200 crore in FY24, with an order book of ₹10,000 crore. These are the company's own statements. We could not read audited financial statements for this page, so we do not show a financial table here. The website lists Divyesh Savaliya as Chairman and Managing Director. The chairman's message also mentions a matter once looked into by the Economic Offences Wing about the earlier ownership, and says the authorities clarified that neither the company nor its current management is involved. On listing, the company says it is in talks for a merger or share swap with an already listed entity. This is not a confirmed IPO. Unlisted shares of a company like this are dealt off-market between private buyers and sellers, so prices are indicative and liquidity can be thin. The indicative price on IPO Guru is ₹48 for a lot of 1000 shares.