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Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

52-Week Range
Valuation
Investment Thesis
Anand I-Power Limited is positioned in India's high-priority renewable energy sector with a Gujarat base offering strategic advantages. The long-term macro story for solar and clean energy in India is compelling, but the company's limited public disclosures, unclear business description, and unlisted status require investors to exercise caution and conduct thorough due diligence before investing.
Pros
Cons
Business Segments
Renewable Energy
Power generation from renewable sources in Gujarat; incorporated 2010 under electricity sector (NIC: U40100).
Revenue Model
Anand I-Power Limited likely generates revenue through solar power generation (tariff-based), solar EPC contracting (project-based fees), or clean energy product sales. Given its Gujarat location and CIN classification under electricity generation, revenue is likely tied to power generation tariffs or EPC contract values.
Detailed Analysis
Growth Plans
India's 500 GW renewable energy target by 2030 driving massive sector investment
Gujarat's aggressive solar energy policy and park development
PM Surya Ghar Muft Bijli Yojana boosting rooftop solar adoption
Falling solar module costs improving project economics
Industry Tailwinds
Recent Developments
Gujarat continued its renewable energy expansion with large-scale solar park development under the Renewable Energy Park policy, creating demand for solar EPC and energy companies.
2024-01India crossed 70 GW of installed solar capacity in 2023, with Gujarat among the top contributing states, benefiting regional solar companies.
2023-06Comparable Companies
ADANIGREEN · ~1,50,000 Cr
Frequently Asked Questions
About Anand I-Power
Anand I-Power Limited is a Gujarat-based renewable energy company incorporated in 2010, focused on solar and clean energy solutions in India. The company operates in India's rapidly growing renewable energy sector — one of the most dynamic energy markets globally, driven by India's ambitious target of 500 GW of non-fossil fuel capacity by 2030 as part of its climate commitments under the Paris Agreement. Gujarat is India's leading renewable energy state, with the world's largest solar park (Khavda) and a favourable regulatory environment under the Gujarat Solar Power Policy. The state has been at the forefront of India's solar revolution, and companies headquartered there benefit from state-level incentives, proximity to solar project sites, and an established renewable energy ecosystem. Anand I-Power operates in solar energy development, EPC (engineering, procurement, construction), or clean energy services, leveraging Gujarat's solar potential and India's strong policy tailwinds. India's renewable energy sector has attracted over $100 billion in investment over the past decade, with solar energy leading the capacity addition. The government's National Solar Mission, Production Linked Incentive (PLI) scheme for solar modules, and competitive tariff discoveries have created a robust framework for solar energy companies. The company was incorporated in 2010, positioning it among the early movers in India's utility-scale solar energy industry. Gujarat's strong industrial base, port connectivity, and renewable energy infrastructure make it an ideal launchpad for scaling renewable energy operations across western India.
Key Milestones
Incorporated 2010 in Gujarat (CIN: U40100GJ2010PLC059863) — early entrant in India's renewable energy sector
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We source & quote
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Unlisted shares are illiquid and carry higher risk. Pricing is indicative, not live, and these are private off-market transactions with no exchange settlement guarantee. Read the full risk disclosure.
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India's 500 GW renewable energy target by 2030 driving massive sector investment
Gujarat's aggressive solar energy policy and park development
PM Surya Ghar Muft Bijli Yojana boosting rooftop solar adoption
Falling solar module costs improving project economics
Industry Headwinds
Larger players with better balance sheets winning major solar tenders
Module price volatility affecting project margins
Grid curtailment issues in renewable energy-heavy states
Limited public financial disclosures — revenue and profitability not independently verifiable
Source: Company Financial Filings
Competition from large-scale renewable developers with deeper capital access
Source: AlphaHub Research
Available descriptions mention both renewable energy and automotive components — lack of clarity on core business model makes fundamental analysis difficult.
Solar sector is intensely competitive with large listed players like Adani Green Energy, Tata Power Solar, and ReNew Power dominating capacity additions.
Renewable energy revenue is highly dependent on government tariff policies, PPAs, and continuation of solar subsidies and incentives.
Subject to CERC/SERC regulations, grid connectivity norms, and RPO compliance requirements that govern power generation in India.
As an unlisted company, shares have limited secondary market liquidity with narrow buyer-seller interest.
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Operates in Gujarat, India's leading renewable energy state