Azure Power Global Limited
New York Stock ExchangeCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Sumit Barat
- Full Time Employees
- 471
- Sector
- Utilities
- Industry
- Renewable Utilities
- Address
- Southern Park New Delhi India 110017
- IPO Date
- Oct 12, 2016
- CIK
- 0001633438
- Website
- azurepower.com
- Similar Companies
- Business
- Azure Power Global Limited (AZRE) operates as a leading independent sustainable energy solutions provider and renewable power producer in India. The company develops, builds, owns, and operates utility-scale solar, wind, and hybrid power projects; supplies renewable energy to government utilities at state and central levels, as well as independent industrial and commercial customers under long-term power purchase agreements; and maintains an operational capacity of approximately 3,041 megawatts (MW) from solar projects across states including Punjab, Gujarat, Rajasthan, Karnataka, Andhra Pradesh, Telangana, Maharashtra, Uttar Pradesh, Chhattisgarh, Delhi, Bihar, and Assam. Azure Power targets discoms, corporations, and off-grid communities with fixed-price contracts that often undercut conventional power costs. Founded in 2008 and headquartered in Gurugram, India, Azure Power pioneered India's first utility-scale solar project in Punjab in 2009 and holds a portfolio exceeding 4 gigawatts (GW) in contracted and awarded capacity, including 86.5 MW of rooftop solar. The company maintains strategic backing from institutional investors such as La Caisse (formerly CDPQ), OMERS Infrastructure, and prior development finance institutions including IFC, PROPARCO, and FMO; it issued India's first solar green bond listed on the Singapore Stock Exchange. In recent developments, Azure Power completed a INR 24 billion refinancing transaction with REC Limited in October 2024, enabling prepayment of its 2019 USD 350 million green bonds backed by ten solar projects; it also secured INR 13 billion refinancing with HSBC for its 300 MW Jodhpur solar project, operational since March 2023 under a SECI offtake, with India Infradebt participation, refinancing over USD 500 million in debt this financial year. Earlier, the company executed a module supply agreement and USD 12.9 million investment in Premier Energies in 2022 for up to 600 MW annual solar modules over four years; commissioned key projects including 90 MW in Assam and 300 MW in Rajasthan; signed a 1,700 MW renewable energy expression of interest with Karnataka; and appointed new leadership including CEO Sunil Gupta in 2023. These moves bolster Azure Power's balance sheet, support portfolio expansion, and advance India's energy transition goals.
Azure Power Global Limited to hold Special Meeting on March 20, 2024
Azure Power Global Limited to hold 2023 Annual General Meeting on September 29, 2023
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Change in Independent Registered Public Accounting Firm
Appointment of Independent Director on the Board of Azure Power Global Limited
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AZRE DEADLINE ALERT: ROSEN, A LEADING LAW FIRM, Encourages Azure Power Global Limited Investors With Losses Exceeding $100K to Secure Counsel Before Important October 31 Deadline in Securities Class Action – AZRE
ROSEN, RESPECTED INVESTOR COUNSEL, Encourages Azure Power Global Limited Investors to Secure Counsel Before Important October 31 Deadline in Securities Class Action – AZRE
Azure Power Signs Agreement for 600 MW of First Solar's High-Performance Modules
Azure Power Signs Agreement for 600 MW of First Solar's High-Performance Modules
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