Rays Power Infra Ltd is a 20 GW renewable energy platform, powering India’s transition to reliable, round-the-clock clean energy, with capabilities spanning project development, EPC, Independent Power Production (IPP), and long-term Operations & Maintenance (O&M). The company specializes in developing “ready-to-build” renewable energy infrastructure through its Co-Development Business model and providing engineering, procurement and construction services for renewable power projects through its EPC business. Rays Power Infra is among the leading players in the Indian solar industry, with a demonstrated track record and a pioneering role in the Co-Development Business model in India (Source: CRISIL Report). Under its Co-Development Business, the company typically undertakes land aggregation, securing inter-state and intra-state grid connectivity, and facilitating key approvals, including connectivity permissions, bay allocation, captive arrangements and PPAs tailored to customer requirements through dedicated SPVs, followed by transferring these SPVs to customers and undertaking EPC and O&M activities based on contractual arrangements. The company currently has a diversified renewable energy portfolio of approximately 12 GW, comprising solar, wind and hybrid projects, and as of 30 September 2026, has commissioned approximately 3.1 GWp of renewable energy projects across multiple Indian states and international locations. Rays Power Infra is committed to accelerating India’s energy transition through reliable, bankable and high-quality renewable energy infrastructure.