• Founded in 2011, RAYS POWER INFRA LIMITED was a pioneer in the solar park sector and has since become a well-established player in turnkey solar EPC services, addressing the nation's growing demand for renewable energy.
• As one of India's leading integrated solar power companies, they have implemented solar power projects totalling 1,207 MWp.
• Leveraging their expertise in state land acquisition regulations and strong relationships with authorities, they have acquired over 5,700 acres of land for clients across India.
• Through a consultative approach, they tailor solutions to each client's specific solar energy needs and capabilities.
• The main business of the company is:
- Turnkey Solar Project Development: This involves land acquisition, securing connectivity approvals, bay allocation, facilitating captive arrangements, enabling private power purchase agreements (PPAs), and providing EPC services ("Turnkey Solar Services"). As of October 31, 2023, 828.86 MWp of solar projects have been developed and commissioned in India, with an additional 198.50 MWp under development.
- Solar EPC Services: This standalone service provides EPC services for solar projects ("Solar EPC Business").
- Solar Park Development Services: This offers independent solar park development services to customers ("Solar Park Business").
- Other EPC Services: This extends the company's expertise to EPC services for other infrastructure sectors like water, transmission & distribution, and smart metering ("Other EPC Business").
- Operations & Maintenance (O&M) Services: These are offered for both Turnkey Solar Services and Solar EPC Business, depending on customer needs.
- Additionally, in 2020, a subsidiary named HOP Electric Mobility Private Limited ("HOP Electric") was established to manufacture and supply electric two-wheeler vehicles ("E2W") with a focus on innovation, sustainability, accessibility, and affordability.