Apraava Energy

Name

Apraava Energy

Legal name

Apraava Energy Private Limited

Website

https://apraava.com

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

501–1,000 employees

Ownership category

akta.pro rank

Product category

Renewable Energy and Power Generation

NAICS

Electric Power Generation (22111), Wind Electric Power Generation (221115), Solar Electric Power Generation (221114), Electric Bulk Power Transmission and Control (221121), Electric Power Generation, Transmission and Distribution (2211)

SIC

Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Utility-Scale Generator PPAs (Project Offtake) (EUAGADAB)

akta.pro secondary industry

PPA Origination, Advisory & Contract Management (Negotiation, Credit, Settlements) (EUAGADAL)

Keywords

• Renewable power generation
• Wind energy projects
• Solar power generation
• Power transmission infrastructure
• Smart metering services

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices12 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Supply Chain, Personnel, Technology or R&D

Revenue model

1. Power Generation - Thermal: Independent Power Producer (IPP) model generating electricity from thermal assets (1,320 MW capacity). Revenue earned through long-term Power Purchase Agreements (PPAs) with distribution companies and government utilities. Capacity payments and energy sales form the revenue mix with contracted offtake providing revenue certainty.
2. Power Generation - Wind: Wind power generation from 924 MW of installed capacity. Revenue generated through PPAs with fixed or variable tariff structures negotiated through competitive bidding. Merchant exposure in some periods provides upside potential.
3. Power Generation - Solar: Solar photovoltaic power generation from 250 MW capacity. Revenue derived from long-term PPAs with state utilities and SECI, providing contracted cash flows over the project lifecycle.
4. Transmission Services: Operation and maintenance of 494 km of power transmission lines. Revenue earned through transmission tariffs regulated by CERC or through competitive bidding for transmission projects. Services provided to state grids and inter-state transmission networks.
5. Smart Metering Services: AI-enabled smart metering solutions deployed across 3 million+ consumers in multiple Indian states. Revenue model based on metering charges, operational fees, and services to state DISCOMs for smart meter deployment and management.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Apraava Energy is an integrated power company that generates electricity from wind, solar, and thermal sources, operates high-voltage transmission infrastructure spanning multiple Indian states, and deploys AI-enabled Advanced Metering Infrastructure (smart meters) for state distribution companies. The company sells power through long-term Power Purchase Agreements (PPAs) with state DISCOMs and central government entities such as NTPC and SECI, and offers smart metering services on a managed-service basis.

Product overview

Apraava Energy is an integrated energy solutions provider offering a diversified portfolio of power generation and transmission services. The company's core offerings span wind energy (over 1,100 MW across six states), solar energy (250 MW in Telangana and Maharashtra), power transmission infrastructure (over 494 km of transmission lines), and Advanced Metering Infrastructure for smart metering. The company also maintains conventional thermal generation assets (1,320 MW coal and 655 MW gas). These products work together to support India's energy transition, with renewable and transmission assets enabling green power evacuation while smart metering infrastructure improves grid efficiency and consumer engagement.

Differentiator

Problem solved

Functional benefit

Products and services

• Wind Energy Utility-scale wind power generation through wind farms located across multiple Indian states including Rajasthan, Gujarat, Maharashtra, Madhya Pradesh, Karnataka, and Tamil Nadu with combined capacity exceeding 1,100 MW. Power is supplied to state distribution utilities and central government offtakers under long-term PPAs.
• Solar Energy Utility-scale solar photovoltaic power generation through projects in Telangana and Maharashtra, including the 100 MW Veltoor Solar Farm, with combined capacity of 250 MW. Power sold to state utilities and SECI under long-term PPAs.
• Power Transmission Electricity transmission infrastructure including high-voltage lines and substations spanning over 494 km across Madhya Pradesh, Assam, Nagaland, Manipur, and Rajasthan, supporting renewable energy evacuation and inter-state grid connectivity. Revenue earned through transmission tariffs regulated by CERC or competitive bidding for transmission projects.
• Advanced Metering Infrastructure (AMI) Smart meter deployment and managed services enabling energy efficiency improvements, grid efficiency enhancement, billing accuracy, and integration of renewable power sources. Targets deployment of 7.8 million smart meters across Indian states on behalf of DISCOMs, with 3 million+ already deployed.
• Conventional Energy Thermal power generation historically through a 1,320 MW supercritical coal-fired power plant in Jhajjar, Haryana and a 655 MW dual-fuel combined-cycle plant in Bharuch, Gujarat. The 1,350 MW Jhajjar asset is being divested to Jindal Power Ltd (announced October 2025), pivoting the portfolio toward renewables.
• Commercial & Industrial Energy Solutions Tailored energy solutions for large commercial and industrial customers, providing reliable and sustainable power supply options including renewable energy procurement for corporate sustainability goals.

Quantifiable outcome

• 2,494 MW total generation capacity across thermal, wind, and solar
• +3 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature4 records

Partnerships

Three partnerships are on record, tiered minor.

• SuzlonminorStrategic or Co-development PartnerIndia's leading wind energy company and turbine manufacturer. Joint venture partnerships with Apraava Energy for wind power project development, leveraging Suzlon's turbine technology and manufacturing capabilities.
• Gamesa (Siemens Gamesa)minorStrategic or Co-development PartnerGlobal wind energy solutions provider. Collaborated with Apraava Energy on wind power projects, providing turbine supply and technical expertise for project development.
• Manav Vikas Sanstha (MVS India)minorOthersNon-governmental organization focused on community development. CSR partnership with Apraava Energy for social impact initiatives in project vicinity areas, supporting local communities and sustainable development goals.

Scale indicators6 records

Recent moves9 records

Expansion highlights6 records

Emerging players

• Intelsol Senergy (Intelsol India): Smart metering and AMI services provider for Indian DISCOMs; directly comparable to Apraava Smart Meter on advanced metering infrastructure deployment under the RDSS program.
• Ayana Renewable Power: India-focused renewable IPP with utility-scale solar and wind assets backed by NIIF; comparable as a contracted renewable energy generator competing in similar Indian state and central tenders.
• EDF Renewables India: Subsidiary of EDF with utility-scale wind and solar assets in India; comparable as a foreign-backed renewable IPP competing in similar SECI/state tenders, with overlap on corporate strategy and international sponsor backing.

Direct peers

• ReNew Energy Global: One of India's largest renewable IPPs with utility-scale wind and solar portfolios and long-term PPAs with SECI and DISCOMs; directly comparable to Apraava on generation mix, customer base, and competitive bidding participation.
• JSW Energy: Indian power producer with thermal, hydro, wind, and solar assets and a stated pivot toward renewables; comparable on the diversified-fuel IPP model and listed valuation benchmark for the sector.
• Greenko Group: Large Indian renewable IPP with wind, solar, and hydro assets plus pumped-storage projects; comparable as a contracted renewable IPP pursuing grid-flexibility solutions in India.

Broad incumbents

• Adani Green Energy: Largest renewable IPP in India with multi-GW solar/wind/hybrid capacity; competes with Apraava in SECI/NTPC bids and has overlap across the full renewable energy value chain, though at much larger scale.
• Tata Power Renewable Energy: Subsidiary of Tata Power with diversified solar, wind, and rooftop generation plus distributed energy services; comparable as an integrated renewable IPP with utility-scale assets and corporate parent backing.
• NTPC Limited: India's largest power generator and a key customer/counterparty of Apraava; comparable on the integrated utility model with thermal and renewable capacity, and represents both offtaker and competitor in tenders.
• Power Grid Corporation of India: India's dominant central transmission utility operating >175,000 km of EHV lines; comparable on the transmission franchise where Apraava competes in TBCB bids and operates interstate lines.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries12 records

Funding overview

Funding rounds4 records

Investors5 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Apraava Energy