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Source: SEBI
Grace Renewable Energy Limited is focused on renewable energy solutions, primarily solar energy and Battery Energy Storage Solutions (BESS). The company operates in Gujarat and has a hybrid business model that includes in-house manufacturing and third-party contract manufacturing for its BESS products.
The renewable energy sector in India is poised for growth, with government initiatives targeting 500 GW of non-fossil fuel-based energy capacity by 2030. The increasing demand for solar energy and supportive policies present significant opportunities for companies like Grace Renewable Energy Limited.