Greenzo Energy Unlisted Shares
Buy - ₹590.00
Sell - ₹645.00
About Greenzo Energy Unlisted Shares
1. About Greenzo Energy India Limited
Greenzo Energy India Limited is a dynamic player in the renewable energy sector, founded in 2021 with a focus on sustainable solutions like solar, hydropower, and green hydrogen. The company’s rapid growth is marked by key milestones:
- 2020: Began as a hydropower consultancy.
- 2021: Commissioned Nepal’s first 12.25 MW solar project.
- 2022: Expanded solar consultancy (200+ MW projects) and launched an electrolyser manufacturing plant.
- 2023: Entered green hydrogen production, positioning itself as a pioneer in India’s clean energy transition.
Under the leadership of Mr. Sandeep Agarwal (Founder) and Mr. Raj Kumar Agarwal (ex-NTPC executive), Greenzo combines technical expertise with strategic vision. As of May 2024, the company’s unlisted shares trade at ₹750, with a market cap of ₹885 Cr. Projections indicate robust growth, targeting ₹4,200 Cr turnover and ₹686 Cr PAT by FY2029, reflecting a 20x forward P/E ratio.
2. Business Divisions
Greenzo operates across four key divisions:
A. Electrolyser Manufacturing
The company is setting up a 250 MW electrolyser plant in Sanand, Gujarat (Phase-1 investment: ₹100 Cr). Electrolysers are critical for producing green hydrogen via water electrolysis. While production is yet to commence, Greenzo aims to deliver proprietary PEM electrolysers, offering end-to-end solutions from financing to plant maintenance.
B. Renewable Energy Services
Greenzo provides solar, wind, and hydropower EPC services, having executed projects like:
- Nepal’s 12.25 MW solar plant.
- API Power’s 4 MW solar installation.
- Chandranigahapur’s 5 MW project.
C. Green Hydrogen & Ammonia Consultancy
The firm assesses demand-supply dynamics, infrastructure feasibility, and export potential for green hydrogen/ammonia. Its reports guide clients on replacing conventional fuels with carbon-free alternatives.
D. Fuel Cell Technology
Greenzo develops fuel cells to convert hydrogen into electricity, targeting industries like transportation and backup power systems.
Pros
- Strategic Partnership: Collaborated with France’s EODev to introduce hydrogen fuel cell generators in India and Nepal. citeturn0search3
- Manufacturing Expansion: Investing ₹3,500 crore in an electrolyzer plant in Gandhinagar to boost green hydrogen production. citeturn0search4
- Diverse Renewable Projects: Secured a ₹500 crore EPC project for a 120 MW solar installation in Nepal. citeturn0search7
Cons
- High Capital Expenditure: Significant investments in new facilities may strain financial resources. citeturn0search4
- Market Competition: Faces competition from established players in the renewable energy sector.
- Regulatory Challenges: Navigating complex regulations in multiple countries could impact project timelines.
