Our Valued Stakeholders,
As SWELECT Energy Systems Limited embarks on its 42nd year,
I am immensely pleased to share our journey and our vision to support India's Green Energy
Mission. Keeping pace with our legacy in Power Electronics, our mission has been
reassuring our role in the Renewable Energy space combined with our newly launched Battery
Energy Storage System (BESS) and Solar, Wind and BESS hybrid projects programme.
SWELECT's extensive contribution in the solar power space positions us
as a formidable player in the industry-delivering high quality products, executing EPC
contracts and operating as a well-known IPP player, catering to critical energy needs.
These achievements are driven by our strong in-house capabilities and commitment to
excellence.
Our portfolio includes:
Manufacturing High-Quality Solar Photovoltaic Modules:
Our modules are fully certified for American, European and Asian
markets and stand out for their reliability and efficiency.
Manufacturing Module Mounting Structures (MMS) and Balance of Systems
(BoS): Ensuring robust support and integration for solar systems.
Product Distribution: Through our channel partners, we distribute our
products to enable home and SME segments to be part of the sustainability path using their
own rooftops.
Large Capacity Rooftop Solar Power Generating Systems:
Designed for Commercial and Industrial (C&I) segments, providing
sustainable energy solutions.
EPC Contracts for Utility-Scale Solar Power Projects:
Delivering turnkey solutions to support corporate customers
transitioning to renewable energy.
Power Generation and Sale as an Independent Power Producer (IPP):
Enhancing energy independence and sustainability.
Our manufacturing operations are nearing total capacity, reflecting our
readiness to meet increasing demands as the world gravitates towards sustainability and
stringent ESG compliance.
Battery Energy Storage Systems (BESS): BESS is the new vertical under
our SWELECT in expansion towards, which supports our customers their progression Net-Zero.
Our commitment to helping our customers achieve Net-Zero targets,
comply with the Carbon Border Adjustment Mechanism (CBAM), and meet Environmental, Social
and Governance (ESG) standards-is unwavering. We work closely with our customers to drive
energy cost reduction, enabled by our asset quality and the consistently high performance
of power-generating plants. Our technical support teams ensure maximum Plant uptime for
our customers.
Our manufacturing facilities are set to receive fresh investments and a
planned doubling of production capacity in the coming months.
As we look ahead, SWELECT Group has successfully launched its maiden
NCD issue through Infradebt, raising a total of H 290 Crore. These will help the SWELECT
Group repay the majority of its bank loans and release cash collaterals. This, in turn,
will allow for better utilisation of funds and support the expansion of our IPP portfolio
to move up the GW scale.
I extend my heartfelt gratitude to our dedicated team, valued customers
and trusted partners for their unwavering support and active collaboration. We sincerely
thank the Government of India and the state governments for their tremendous support,
which has enabled SWELECT to play a meaningful role in advancing a greener and more
sustainable future.
Thank you for your continued trust and confidence in SWELECT Energy
Systems Ltd.
| Warm regards, |
| R. Chellappan |