Portfolio

Asset Roadmap & Pipeline — Portfolio Growth

A disciplined, year-by-year build and grow toward a 500 MW portfolio of contracted solar assets by 2030 — each year adding independently contracted projects that compound into a long-term source of near-certain cash flows and durable value for all stakeholders.

6+ MW†Capacity Operational
3 MW‡Ready for Construction
31 MWPipeline Under Development
500 MWOur Target by 2030

For scale: our 500 MW target represents under 2% of Indian Railways' own stated requirement of roughly 30 GW of renewable capacity by 2030.

Target Portfolio Roadmap & Growth (2026 — 2030)

2026
PPA signed · Design & survey complete · Capital raise in progress
+3 MW3 MW total
2027
PPAs under negotiation
+31 MW34 MW total
2028
+105 MW139 MW total
2029
+161 MW300 MW total
2030
+200 MW500 MW total
Our total target capacity (solar energy): 500 MW by December 2030Annual additions are projections and subject to market conditions.

2026 Project Pipeline

2026 — projects in development.

A geographically distributed asset portfolio of independently contracted, onsite-generation solar assets across Indian Railways zones — the same derisked-by-design principles behind the platform, visible project by project below.

13
Projects in Development
3MW
Pipeline Capacity
6states
Geographic Spread
3zones
Railway Zones

2026 Projects — Geographic Distribution Across States & Railway Zones

MizoramTamil NaduMadhya PradeshMaharashtraChhattisgarhGujaratOdishaAndhra PradeshKarnatakaGoaKeralaTelanganaWest BengalDadra and Nagar Haveli and Daman and DiuPuducherryLakshadweepArunachal PradeshAssamNagalandMeghalayaManipurTripuraAndaman and Nicobar IslandsUttar PradeshRajasthanDelhiHaryanaSikkimBiharJharkhandLadakhJammu and KashmirHimachal PradeshPunjabUttarakhandChandigarh
ProjectCapacity (kW)StateOfftakerZone / Division
South Eastern Railway9 projects1,425 kW
Chakradharpur Railway Station213JharkhandIndian RailwaysSER
Chakradharpur Breakdown Car Shed123JharkhandIndian RailwaysSER
Chakradharpur DRM Building backside123JharkhandIndian RailwaysSER
Jharsuguda Station228OdishaIndian RailwaysSER
Mecheda Station123West BengalIndian RailwaysSER
Purulia Station123West BengalIndian RailwaysSER
Adra Station246West BengalIndian RailwaysSER
Andul Station123West BengalIndian RailwaysSER
Bankura Station123West BengalIndian RailwaysSER
South Eastern Central Railway3 projects1,079 kW
Nagpur Motibagh Workshop CBR-I616MaharashtraIndian RailwaysSECR Nagpur
Nainpur Mixed HS School200Madhya PradeshIndian RailwaysSECR Nagpur
Dongargarh Station263ChhattisgarhIndian RailwaysSECR Nagpur
Metro Railway Kolkata1 project501 kW
Tollygunj Workshop501West BengalIndian RailwaysKol Metro
Total — 13 projects3,005

Grouped by railway zone; each zone header shows its capacity subtotal. Project coordinates are used solely to place map pins and are not published in this table.

Detailed project briefs are shared with qualified investors. Request a pipeline briefing →

Beyond 2026

Dedicated pipeline sections for 2027, 2028, and subsequent years will be added here as the roadmap progresses, each following the same structure as the 2026 pipeline above.