| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
64 |
| Employees |
1,500 |
| Revenues (TTM) (Millions $) |
252 |
| Net Income (TTM) (Millions $) |
-28 |
| Cash Flow (TTM) (Millions $) |
-30 |
| Capital Exp. (TTM) (Millions $) |
217 |
Business Description
Azure Power Global Limited (AZRE) is a leading solar power producer in India with a portfolio of over 7,500 MW of solar power projects. The company was founded in 2008 by Inderpreet Wadhwa and serves various industries such as government utilities, commercial customers, industrial customers, and residential customers.
Azure Power Global Limited provides clean, affordable, and reliable solar energy solutions to customers across India. The company has a strong focus on sustainability and aims to reduce India's carbon footprint by producing clean energy. Azure Power's solar power projects are spread throughout different states in India and are geo-diverse.
Azure Power has a vertically integrated business model, which involves designing, engineering, constructing, operating, and maintaining solar power plants. Azure Power develops large-scale solar power projects that are connected to the grid and also operates solar rooftops.
Azure Power's customers include some of the biggest names in India, such as Indian Railways, Hindustan Zinc Limited, and National Thermal Power Corporation. Additionally, the company has a unique business model where it offers solar power projects to consumers under long-term power purchase agreements (PPA). The PPAs are usually for a duration of 25 years, which offers customers long-term energy price certainty.
Azure Power has a robust financial structure with investors such as International Finance Corporation (IFC), Canada Pension Plan Investment Board (CPPIB), and Deutsche Bank. The company is publicly traded on the New York Stock Exchange (NYSE) and has a market capitalization of over $1 billion.
Overall, Azure Power Global Limited is one of the foremost solar power companies in India, with a strong focus on sustainability, vertical integration, and providing reliable and affordable solar energy solutions to customers. With a proven track record of successful solar power projects and a strong financial structure, Azure Power is well-positioned to lead India's clean energy transition.
Company Address: 8th Floor Haryana 0
Company Phone Number: 124 4155755 Stock Exchange / Ticker: NYSE AZRE
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