Trom Industries Limited
NNSE:TROM54.95
INR
-2.75
(-4.77%)
Trom Industries Limited
NSE:TROM
(National Stock Exchange of India)
Recent
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54.95
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- Business
- Trom Industries Limited is an India-based solar engineering, procurement, and construction (EPC) and renewable energy solutions company. Founded in 2011 as a partnership firm and incorporated as a public limited company in 2019, the company is headquartered in Gandhinagar, Gujarat, India. Trom Industries specializes in end-to-end solar power solutions encompassing site survey, system design, engineering, procurement, civil works, installation, testing, commissioning, and long-term operation and maintenance across residential, commercial, industrial, agricultural, and municipal infrastructure sectors. The company offers a diversified portfolio of products, services, and turnkey renewable systems organized across several core business segments: Solar EPC and Power Plant Solutions, comprising customized grid-tied, off-grid, and hybrid residential rooftop solar systems; commercial and industrial (C&I) rooftop solar plants; ground-mounted utility-scale solar parks; and long-term operation and maintenance (O&M) service contracts; Solar Lighting and Public Infrastructure, comprising standalone solar street lighting systems; central solar street lighting solutions; solar lanterns; AC LED street lights; and AC LED flood lights; Solar Appliances and Agricultural Systems, comprising solar-powered agricultural and domestic water pumping systems; solar water purifiers; solar deep freezers; and decentralized solar home lighting kits; as well as trading and integration of fast-moving technological goods and home automation devices. The company serves a diverse client base across India, catering to individual homeowners, industrial manufacturing plants, commercial facilities, agricultural cooperatives, state electricity distribution companies, public schools, and urban transit agencies. In recent developments, Trom Industries completed its initial public offering (IPO) and listed its equity shares on the National Stock Exchange of India (NSE) SME platform in August 2024 under the ticker symbol TROM to support working capital requirements and corporate growth. The company has since executed a major strategic shift by entering the Renewable Energy Service Company (RESCO) and CAPEX-plus-RESCO business models, diversifying its revenue streams toward stable recurring power generation yields alongside its traditional EPC contracts. Further expanding its operational footprint across Gujarat, Rajasthan, and Bihar, Trom Industries secured multiple major project awards, including a 5 MW rooftop solar installation and five-year maintenance contract across 15 stations for the Gujarat Metro Rail Corporation (GMRC) Phase II project; a 10 MW rooftop solar project from the South Bihar Power Distribution Company Ltd under the central PM Surya Ghar: Muft Bijli Yojana; large-scale distributed rooftop installations across public educational institutions in Bhuj; and multi-crore EPC contracts across western India. Additionally, the company recently reconstituted its board committees and appointed new independent directors to support corporate governance standards amid scaling operations.