Saurya Urja Company of Rajasthan

What Saurya Urja Company of Rajasthan does

Saurya Urja Company of Rajasthan Limited is a solar park infrastructure developer headquartered in Jaipur, India, incorporated in 2015 as a 50:50 joint venture between the Government of Rajasthan and IL&FS Energy Development Company Limited (IEDCL). Following a November 2025 NCLAT ruling, the Rajasthan government acquired IEDCL's 50% stake for Rs 85.11 crore, making the state the sole owner of the entity. The company's mandate is to develop 5,000 MW of solar power parks in Rajasthan, anchored on a plug-n-play park model that delivers ready-to-use infrastructure — including land, common facilities, and pre-approved grid access (STU & CTU) — to Independent Power Producers and solar developers, cutting project execution time roughly in half and de-risking land acquisition and right-of-way challenges.

The product portfolio includes the operational 1000 MW Bhadla-III Solar Park in Jodhpur district (one of India's largest), the 300 MW Bikaner Solar Park under construction, and a planned 1000 MW Bikaner Solar Park. Anchor tenants include ACME, Heri Future Energies, and SB Energy. The company monetises through long-term land leases and common infrastructure service fees paid by tenant IPPs under project-specific agreements; pricing is not publicly disclosed. Operational scale is modest (51–100 employees) and revenue is not publicly reported. A CERC order in April 2026 granted relief from transmission planning delays affecting the 700 MW Bikaner connectivity, underscoring that grid bottlenecks remain a key execution dependency. An open divestment process (Invitation for EoI) signals potential further ownership change.

Name

Saurya Urja Company of Rajasthan

Legal name

Saurya Urja Company of Rajasthan Limited

Website

https://sauryaurja.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

51–100 employees

Short description

Saurya Urja Company of Rajasthan develops utility-scale, plug-n-play solar parks in Rajasthan on behalf of Independent Power Producers. Founded in 2015 as a state-government JV, it operates a 1000 MW park at Bhadla with additional Bikaner capacity under construction.

Ownership category

akta.pro rank

Product category

Solar Park Infrastructure Development

NAICS

Solar Electric Power Generation (221114), Electric Power Generation (22111)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Electric Services (4911)

akta.pro primary industry

Solar Project Development & IPP (Utility-Scale & Rooftop) (EUAMABAA)

akta.pro secondary industries

Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System) (EUAMABAB), Land Acquisition, Site Preparation & Civil Works (Geotech, Grading, Roads, Drainage) (EUACAGAL), PV Balance of System (BOS) & Electrical Infrastructure (Inverters, Transformers, Cabling, Substations) (EUACAGAC), Owner’s Engineering, Grid Interconnection & System Studies (PVsyst/Performance Modeling, Protection Studies) (EUACAGAG), Solar Balance-of-Plant EPC (Piles/Foundations, Trenching, Combiner Networks) (EUAEADAJ)

Keywords

• Solar park development
• Renewable energy infrastructure
• Plug-n-play facilities
• Utility-scale solar projects
• Public private partnership

Headquarters

HQ city

Jaipur

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Solar Park Development and Leasing: The company develops solar parks with ready infrastructure and provides access to solar power developers. Revenue is generated through land leasing, infrastructure provision, and park management services to IPPs and power developers.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Saurya Urja Company of Rajasthan Limited develops utility-scale solar parks with plug-n-play, ready-to-use infrastructure in high radiation areas of Rajasthan for solar power developers and Independent Power Producers (IPPs). The company provides pre-approved grid access (STU & CTU), de-risked land acquisition, long-term leaseable land, and lifetime operations and performance guarantees. With a 5000 MW development mandate, it has operationalized a 1000 MW park at Bhadla-III (Jodhpur) and is developing a 300 MW park in Bikaner.

Product overview

Saurya Urja Company of Rajasthan is a solar park development company structured as a 50:50 Joint Venture between the Government of Rajasthan and IL&FS Energy Development Company Limited (IEDCL). The company operates a platform model for developing large-scale solar parks with plug-and-play infrastructure. The portfolio includes: (1) the operational 1000 MW Bhadla-III Solar Park in Jodhpur District, one of India's largest solar parks with plug-n-play facilities; (2) the 300 MW Bikaner Solar Park under development; and (3) a planned 1000 MW Bikaner Solar Park. With a mandate to develop 5000 MW total capacity, the company provides ready-to-use infrastructure in high-radiation areas, featuring de-risking of land acquisition, pre-approved grid access, and lifetime operational guarantees for solar power developers.

Differentiator

Problem solved

Functional benefit

Products and services

• 1000 MW Bhadla-III Solar Park
• 300 MW Bikaner Solar Park
• 1000 MW Bikaner Solar Park
• Solar Park Infrastructure Development Service

Quantifiable outcome

• Project execution time cut in half due to plug-n-play feature
• +3 more outcomes

Named customers3 records

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Three partnerships are on record, tiered core and minor.

• Government of RajasthancoreStrategic or Co-development Partner · 3 November 2025Government of Rajasthan holds stake in the JV company. The state government, through NCLAT order dated November 3, 2025, acquired IL&FS Energy Development Company Ltd's 50% stake in Saurya Urja Company of Rajasthan Ltd for Rs 85.11 crore. The Rajasthan government now holds the majority stake previously held by IL&FS.
• IL&FS Energy Development Company Limited (IEDCL)coreStrategic or Co-development PartnerOriginal JV partner alongside Government of Rajasthan in Saurya Urja Company of Rajasthan Ltd. IEDCL's 50% stake was transferred to the Rajasthan government in November 2025 following NCLAT approval.
• Adani Green Energy (Adani Renewable Energy Holding Two Ltd)minorStrategic or Co-development PartnerIn January 2023, Adani Green Energy's subsidiary was to acquire 50% stake in Essel Saurya Urja Company of Rajasthan Ltd for Rs 15 crore. The stake was held alongside the Rajasthan government. Note: This appears to be a different entity or earlier arrangement before the current ownership structure.

Scale indicators5 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Adani Green Energy: India's largest renewable energy IPP, with utility-scale solar, wind, and hybrid projects. It acquired a 50% stake in Essel Saurya Urja in 2023 for a 750 MW park, demonstrating its overlap with Saurya Urja's solar park development mandate and target IPP customer base.
• NTPC Renewable Energy: Subsidiary of India's largest power producer NTPC, developing utility-scale solar parks and standalone solar projects. As a government-backed developer, it is one of the closest structural analogues to Saurya Urja's PPP model and competes for similar solar park mandates and IPP-grade customers.
• Greenko Group: Large Indian renewable energy IPP focused on solar, wind, and pumped-storage hybrid projects. Comparable scale and customer profile (utility off-takers, C&I), and operates as both a potential customer and a competitor for large-scale solar park mandates.

Direct peers

• ReNew Power: One of India's largest renewable energy IPPs with utility-scale solar and wind capacity. As a buyer/lessee of plug-n-play solar park infrastructure, ReNew is both a direct customer analog and a competitor to Saurya Urja in developing solar projects in Rajasthan and other states.
• Tata Power Renewable Energy: Subsidiary of Tata Power developing utility-scale solar parks and projects across India. It is both a potential customer for Saurya Urja's plug-n-play parks and a comparable developer of solar infrastructure with similar government and IPP relationships.
• Azure Power: Listed Indian solar IPP developing and operating utility-scale solar parks. Operates a comparable business model — developing solar assets on long-term leases and selling power to off-takers — overlapping with Saurya Urja's target customer profile.
• Hero Future Energies: Major Indian solar and wind IPP named as a Saurya Urja customer. Operates utility-scale solar parks across India, making it both a downstream customer and a structural peer in the utility-scale solar development market.
• SB Energy (SoftBank Group): SoftBank-backed renewable energy developer operating utility-scale solar parks in India and listed as a Saurya Urja customer. Comparable in scale and project type to the kind of large-scale solar developments Saurya Urja's infrastructure enables.
• ACME Solar Holdings: Indian IPP and one of the country's largest solar developers, listed as a Saurya Urja customer. ACME develops and operates utility-scale solar parks, making it a direct customer and comparable in scale and business model to Saurya Urja's target segment.
• Jakson Group: Indian solar EPC and IPP with utility-scale solar park execution capabilities. Provides solar EPC services and develops solar projects, overlapping with Saurya Urja's mix of solar park infrastructure development and downstream developer engagement.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/SUlimited
• LinkedInlinkedin.com/company/saurya-urja-company-of-rajasthan-limited

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds1 record

Investors1 record

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M&A

Investments

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

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