REMC
- Company typePrivate
- Founded2013
- HeadquartersNew Delhi, India
- Headcount11–50
- GTM typeB2B
- OfferingServices
REMC firmographics
Firmographics- Name
- REMC
- Legal name
- REMC Limited
- Website
- https://remcltd.com
- Company type
- Private
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
REMC industry classification
Industry- Product category
- Railway Energy Management Services
- NAICS
- Electric Power Generation, Transmission and Distribution (2211), Solar Electric Power Generation (221114), Wind Electric Power Generation (221115), Electric Power Transmission, Control, and Distribution (22112)
- SIC
- Electric Services (4911), Cogeneration Services & Small Power Producers (4991)
- akta.pro primary industry
- Utility-Scale Renewable O&M (Solar, Wind, Hydro, Geothermal) (EUAMAGAA)
- akta.pro secondary industries
- I-REC Trading & Issuance Support (EUAGAFAC), Microgrid & BTM EMS (Site/Facility Energy Optimization) (EUAFAKAD), Electrical Balance-of-Plant EPC (MV Collection, Cabling, Earthing, Lighting) (EUAEADAB)
Keywords
Where REMC is headquartered
LocationHeadquarters
- HQ city
- New Delhi
- HQ country
- India
- HQ region
- Asia
Offices1 record
Markets served
REMC business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure
Revenue model
- Consultancy Services: Primary revenue stream (89% of operating revenue). Provides power procurement planning, regulatory advisory, transmission line planning, and technical consultancy services to Indian Railways and related entities.
- Power Trading and Procurement Services: Facilitates power procurement through open access, bilateral contracts, and energy exchanges for Indian Railways traction and non-traction requirements. Revenue generated through service fees and trading margins.
- Renewable Energy Project Development: Developing solar and wind energy projects on railway land under CAPEX and tariff-based competitive bidding models. Projects include ground-mounted solar, rooftop solar, and wind farms.
Go-to-market motion2 records
Distribution channels4 records
Marketing channels5 records
REMC product offering
Product offeringCore offering
REMC Limited provides energy management services for Indian Railways, including power procurement through open access mechanisms, renewable energy project development (solar, wind, and battery energy storage systems), legal and regulatory advisory, GHG accounting for Net Zero goals, and centralized energy portfolio monitoring via the National Energy Management Centre (NEMC) and VATAVARAN portal. The company procures power from generators under Deemed Distribution Licensee status, executes renewable energy projects on railway land, and supports compliance with Renewable Purchase Obligations.
Product overview
REMC Limited operates as a joint venture between RITES Ltd and Ministry of Railways, providing a comprehensive suite of energy management services for Indian Railways. The core portfolio includes Solar Energy Solutions, Wind Energy Solutions, Power Procurement Services, Battery Energy Storage Systems (BESS), and Legal and Regulatory Services. Supporting infrastructure includes the VATAVARAN Portal for energy monitoring and the National Energy Management Centre (NEMC) for centralized oversight. The company also drives the Net Zero Initiative for carbon footprint reduction across railway operations.
Differentiator
Problem solved
Functional benefit
Products and services
- Solar Energy Solutions Solar power generation services including photovoltaic (PV) conversion and concentrated solar power systems for Indian Railways, covering ground-mounted, rooftop, and track-side solar PV installations.
- Wind Energy Solutions Wind turbine systems that convert kinetic energy from wind into electrical energy for railway power applications, with 93 MW of wind projects already implemented for Indian Railways.
- Power Procurement Services Power procurement through open access mechanisms, bilateral contracts, and energy exchange trading (IEX), enabling Indian Railways to source electricity at negotiable rates directly from generators. 1457 MW of power flow has commenced under open access across 13 entities.
- Battery Energy Storage System (BESS) Energy storage solutions for managing intermittent renewable energy supply and ensuring consistent power delivery for railway operations.
- Legal and Regulatory Services Legal and regulatory compliance support covering power procurement, renewable energy initiatives, and energy management compliance for Indian Railways, including CERC petitions and appellate proceedings.
- Net Zero Initiative (GHG Accounting) Greenhouse gas accounting and carbon footprint reduction services for Indian Railways, providing data collection templates and accounting frameworks for Divisions, Workshops, Zones, and Production Units to track progress toward Net Zero targets.
- VATAVARAN Energy Management Portal Web portal for energy management and monitoring across Indian Railways infrastructure, supporting data-driven energy decisions at the zone and division level.
- National Energy Management Centre (NEMC) Centralized energy management facility for Indian Railways, providing real-time monitoring and optimization of the railway energy portfolio across zonal railways.
Quantifiable outcome
- Average power procurement tariff of ₹3.65 per unit at railway consumption point (TSS) compared to higher discom rates
- +4 more outcomes
Companies that use REMC
Customer profileNamed customers7 records
Segments2 records
Ideal customer profiles2 records
REMC technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
REMC partnerships and signals
Strategic signalPartnerships
14 partnerships are on record, tiered core and minor.
- IIT KanpurcoreMoU signed for exploring optimum techniques to strengthen the energy portfolio of Indian Railways. Focuses on research and development in renewable energy and energy efficiency.
- HRIDC (Haryana Rail Infrastructure Development Corporation)minorMoU signed for promoting sustainable integrated development of Green Energy (Solar and Wind) for various projects of HRIDC.
- TERI (The Energy and Resources Institute)coreMoU signed for development of green projects of Indian Railways. Collaboration on renewable energy initiatives and sustainable development.
- MPCON LtdminorMoU signed for sale of carbon credits generated from projects of Indian Railways/REMC Ltd. Supports carbon monetization strategy.
- RITES Ltd (Parent Company)coreREMC is a Joint Venture company owned by RITES Ltd (a railway infrastructure company) and Ministry of Railways, Government of India. RITES provides administrative and operational support.
- Ministry of Railways, Government of India (Parent)coreJoint venture partner along with RITES Ltd. Provides policy direction and mandates for railway energy management services.
- NTPC Renewable Energy LimitedcoreAwarded contracts for setting up renewable energy projects: 200 MW RE-RTC (Round The Clock) project. Multiple PPA executions with zonal railways.
- ReNew Solar Power Private LimitedcoreAwarded contracts for 200 MW RE-RTC II projects. Power Purchase Agreement executed with Northern Railway for 200 MW RE-RTC projects.
- Torrent Power LimitedcoreAwarded contract for 100 MW RE-RTC project. PPA executed with South Eastern Railway for 100 MW RE-RTC projects.
- ACME Cleantech Solutions Private LimitedminorAwarded contract for 100 MW RE-RTC II project as part of 700 MW renewable energy round-the-clock power projects.
- Ayana Renewable Power Limited (through SPV M/s Project Nine Renewable Power Private Limited)coreAwarded 300 MW RE-RTC project. PPA executed with West Central Railway for 300 MW through SPV.
- Sprng Akshay Urja LimitedminorAwarded 100 MW RE-RTC project. PPA executed with Northern Railway for 100 MW.
- Indian Energy Exchange (IEX)corePower exchange partner for procurement of power and Renewable Energy Certificates (RECs). 220 MUs purchased through IEX during 2020-21 for peak power requirements.
- SECI (Solar Energy Corporation of India)corePPA executed between Northern Railways and SECI for 100 MW RE-RTC power supply. Partner in solar energy procurement.
Scale indicators15 records
Recent moves6 records
Expansion highlights6 records
REMC competitors and assessment
Company assessmentBroad incumbents
- Adani Green Energy: Largest renewable IPP in India with multi-GW solar, wind, and hybrid portfolio. Currently a competing bidder against REMC-mediated RE-RTC packages and could vertically integrate procurement intermediation for its own railway PPA bids going forward.
- Torrent Power Limited: Integrated power utility with generation, transmission, distribution, and renewable EPC capabilities, including a 100 MW RE-RTC award intermediated by REMC for South Eastern Railway. Comparable through its role as a developer in the same railway renewable procurement cycle.
- ReNew Energy Global: One of India's largest utility-scale renewable IPPs with a major RE-RTC contract (200 MW) intermediated by REMC for Northern Railway. Comparable developer-vendor in the railway renewable supply value chain, with broader portfolio across C&I, utility, and storage.
- NTPC Renewable Energy Limited: Wholly owned subsidiary of NTPC developing utility-scale solar, wind and BESS projects across India. Comparable through its 200 MW RE-RTC partnership with REMC and its role as a developer-vendor in the same railway renewable procurement tenders that REMC intermediates.
- Ayana Renewable Power: Utility-scale solar and wind IPP, part of the Brookfield platform, awarded 300 MW RE-RTC through REMC for West Central Railway. Comparable as a co-developer in the railway renewable supply chain with a much broader C&I and utility footprint beyond railways.
Direct peers
- NVVN (NTPC Vidyut Vyapar Nigam): Trading arm of NTPC that handles power trading, REC issuance, and bilateral supply for government and institutional clients. Operates the same business model as REMC (power trading + RECs + institutional supply contracts) and partners with REMC on NTPC REL RE-RTC awards to Railways.
- Indian Energy Exchange (IEX): India's leading energy exchange on which REMC procures electricity for peak and backup railway load (220 MUs in 2020-21) and trades RECs. Recognized REMC with the 'Emerging Major Electricity Partner' award in 2023; both share the same buyer-base of large institutional electricity consumers in India.
- PTC India Limited: Government-backed power trading and marketing company that operates India's power exchange ecosystem and procures power for institutional buyers via bilateral and exchange routes. Most directly comparable to REMC's open-access power procurement franchise for Indian Railways, including its award to REMC as 'Most Innovative Player in Power Sector'.
- Solar Energy Corporation of India (SECI): Central public sector undertaking under the Ministry of Power that implements solar, wind, and storage procurement schemes, including RE-RTC tenders. SECI is already a counterparty to REMC (100 MW RE-RTC PPA with Northern Railway) and competes for the same government-mediated renewable supply mandates that REMC intermediates.
Others
- RITES Limited: Parent company and joint-venture partner of REMC, providing operational and administrative support. RITES is a railway engineering and infrastructure consultancy, and is comparable as a sovereign railway-services peer, though its focus is rolling stock and infra rather than energy.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
REMC social profiles
Digital presenceREMC financial estimates
Financial estimateRevenue estimate
Valuation estimate
REMC leadership team
Management profileNumber of profiles
Profiles1 record
REMC funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
REMC M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about REMC
What does REMC do?
REMC Limited provides energy management services for Indian Railways, including power procurement through open access mechanisms, renewable energy project development (solar, wind, and battery energy storage systems), legal and regulatory advisory, GHG accounting for Net Zero goals, and centralized energy portfolio monitoring via the National Energy Management Centre (NEMC) and VATAVARAN portal. The company procures power from generators under Deemed Distribution Licensee status, executes renewable energy projects on railway land, and supports compliance with Renewable Purchase Obligations.
Is REMC a public or private company?
REMC is a private company. It is classified as state government owned and is currently operating.
When was REMC founded?
REMC was founded in 2013. It employs 11 to 50 people.
Where is REMC based?
REMC is headquartered in New Delhi, India, in the Asia region.
How does REMC make money?
Three revenue lines are on record. Consultancy Services are the primary driver. The others are power Trading and Procurement Services and renewable Energy Project Development.
Who are REMC's main competitors?
Broad incumbents on record are Adani Green Energy, Torrent Power Limited, ReNew Energy Global, NTPC Renewable Energy Limited and Ayana Renewable Power. Direct peers are NVVN (NTPC Vidyut Vyapar Nigam), Indian Energy Exchange (IEX), PTC India Limited and Solar Energy Corporation of India (SECI). RITES Limited is listed as an others.
Does REMC have an API?
No public API is recorded for REMC.
What industry is REMC in?
REMC's product category is Railway Energy Management Services. Its primary akta.pro industry code is EUAMAGAA, Utility-Scale Renewable O&M (Solar, Wind, Hydro, Geothermal), with a secondary code of EUAGAFAC, I-REC Trading & Issuance Support. Its NAICS code is 2211 and its SIC code is 4911.