SAEL Industries Ltd IPO

Incorporated in 2022, Sael Industries is among India’s top renewable energy independent power producers (IPPs), with in-house capabilities spanning solar module manufacturing, EPC, and operations & maintenance.
As of September 30, 2025, the company has 5,765.70 MW of contracted and awarded renewable capacity, primarily solar, spread across 10 states and a union territory. Sael is also India’s largest operator in the Agri Waste-to-Energy (AgWTE) space, converting crop residue into clean electricity and helping address stubble burning in North India.
The company’s solar portfolio includes large utility-scale projects — including a 1,000 MWp project in Khavda completed in record time. Sael also operates 3,625 MW of annual module manufacturing capacity and plans to expand significantly with a new 5 GW cell and 5 GW module facility in Greater Noida.