- Business
- Energy Development Company Limited (ENERGYDEV.NS), founded in 1995 and headquartered in Kolkata, India, engages primarily in renewable energy power generation and infrastructure development. The company generates and sells clean electricity from hydropower and wind sources to electricity boards across India through its Generation Division, owning and operating facilities including the 9 MW Harangi hydroelectric project in Karnataka, 7 MW Ullunkal and 15 MW Karikkayam hydroelectric projects in Kerala, and two 1.5 MW wind projects each in Hassan and Chitradurga districts of Karnataka; its Contract Division provides engineering, procurement, construction (EPC), operation and maintenance, rehabilitation, renovation, modernization, and uprating services for hydroelectric plants up to 500 MW, along with consultancy, project management, and turnkey solutions; while its Trading Division handles power equipment and metals. EDCL maintains 19 MW of operational renewable capacity, with 291 MW of hydroelectric projects in development across states like Arunachal Pradesh and Uttarakhand via subsidiaries such as Ayyappa Hydro Power Limited, EDCL Power Projects Limited, EDCL Arunachal Hydro Project Private Limited, Eastern Ramganga Valley Hydel Projects Company Private Limited, and Sarju Valley Hydel Projects Company Private Limited, targeting 500 MW expansion at a capital outlay of Rs 7,000-8,000 crore over 5-7 years. Recent developments include a board meeting scheduled for November 14, 2025, to consider financial results and strategic matters, alongside quarterly profit growth to INR 16.47 million in the latest period despite ongoing debt challenges and net losses in prior quarters.