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Newly Established Solar Power Plant Equity Stake For Sale in Kodinar, India

Pre-revenue solar power company developing 4.5 MW plant to supply industrial customers through long-term PPAs.

Established 0-1 year(s)
Employees 5 - 10
Legal Entity Private Limited Company
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Solar Power Plants
Locations  Kodinar
Local Time 1:40 AM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Partial Stake Sale
USD 213 thousand for 10.0% stake (Native Currency: INR 20,000,000)
Reason: Seeking equity investment to partially fund the capital expenditure required for developing and comm... View More
Includes physical assets worth USD 1.17 million
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Documents
Business Overview
- Newly incorporated Private Limited company based in Kodinar, Gujarat, focused on developing scalable renewable energy assets through utility-scale solar power generation.
- Our first project is a 4.5 MW AC ground-mounted solar power plant located near a 66 kV substation in Devli village, Kodinar, expected to generate approximately 70–75 lakh kWh of clean energy annually.
- The project is currently in the pre-revenue and planning stage, with the initial concept, development plans, and owned land already in place.
- Our team currently consists of approximately 5 employees working on the startup phase, with plans to create 15–18 direct jobs once the plant is commissioned.
- Revenue will be generated through 25-year Power Purchase Agreements (PPAs) with industrial customers via third-party open access or GUVNL tenders, at expected tariffs slightly above ₹4 per kWh. Customers will be billed based on the amount of electricity consumed.
- The business is registered with the Ministry of Corporate Affairs (MCA) as a Private Limited company.
- Industry-specific licences and permits will be obtained after securing investment and before commencing the relevant project activities.
Products & Services Overview
- The business will generate and supply renewable electricity through a planned 4.5 MW AC / 5.7 MW DC ground-mounted solar power plant.
- Targeting large industrial and commercial consumers in Gujarat through long-term Power Purchase Agreements (PPAs) under third-party open access arrangements or through GUVNL grid frameworks.
Assets Overview
Physical assets include: Owned non-agricultural land valued at approximately ₹11 crore, which will be utilised for the solar power project. Investors will also receive a stake in the land as part of the investment.

Intangible assets include: Solar project plans and development documentation, project feasibility studies, proposed power purchase agreements (PPAs), and grid connectivity arrangements.
Facilities Overview
- The upcoming project site is located near a 66 kV substation in Devli village, Kodinar, on 13 acres of owned land.
- Planned facilities include a 4.5 MW ground-mounted solar PV plant, an MCR room and control cabins, security fencing, internal roads, site levelling, a 1 km 11 kV transmission line to the grid bay, and associated electrical infrastructure.
Capitalization Overview
- The company is a Private Limited entity with an authorised and paid-up share capital of ₹1,00,000, currently wholly owned by 2 directors (family).
- For the 4.5 MW solar project, the promoters plan to contribute approximately ₹5.2 crore (~20% of the project cost). Additionally, the company is raising around ₹2 crore in equity by diluting approximately 10% of its equity to an investor.
- No external debt is currently outstanding. A term loan of approximately ₹25 crore is being sought from bank to finance the remaining capital expenditure.
Recent Activity
  • 1 week ago
    Founder, Mumbai, M&A Advisor connected with the Business
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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