https://indianpedia.org/index.php?action=history&feed=atom&title=Azure_PowerAzure Power - Revision history2026-07-31T02:31:59ZRevision history for this page on the wikiMediaWiki 1.45.4https://indianpedia.org/index.php?title=Azure_Power&diff=488606&oldid=prevVineettandon at 06:16, 21 March 20262026-03-21T06:16:22Z<p></p>
<p><b>New page</b></p><div>{{Short description|Indian renewable energy company}}<br />
{{Use dmy dates|date=December 2018}}<br />
{{Use Indian English|date=December 2018}}<br />
{{Infobox company<br />
| name = Azure Power Global Limited<br />
| trading_name = <br />
| logo = Azure Power logo.svg<br />
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| type = [[Public company|Public]]<br />
| traded_as = {{OTC Pink|AZREF}}<br />
| ISIN = {{ISIN|sl=n|pl=y|MU0527S00004}}<br />
| founded = {{Start date and age|2008}}<br />
| hq_location_city = [[New Delhi]], [[Delhi]]<br />
| hq_location_country = India<ref>{{cite web|url=https://www.azurepower.com/contact-us/|title=Contact us|website=Azure Power}}</ref><br />
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| num_locations_year = <!-- Year of num_locations data (if known) --><br />
| area_served = India<br />
| key_people = {{ubl|Sunil Gupta (CEO)|R Narasimhan Iyer (COO)|Sugata Sircar (Group CFO) }}<br />
| industry = [[Solar energy]]<br />
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| revenue = ₹12,958 million (US$171.9 million)<br />
| revenue_year = FY 2019-20<br />
| operating_income = ₹7,962 million (105.6 million)<br />
| income_year = FY 2019-20<br />
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| num_employees = 656<br />
| num_employees_year = 2019<br />
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'''Azure Power Global Limited''' is an Indian solar power company, headquartered in [[New Delhi, India]]. The company was founded in 2008 by [[Inderpreet Wadhwa]]. The company sells energy to government utilities, and independent industrial and commercial customers in India.<ref name="aboutazure">{{Cite web |date=2024-11-28 |title=Stocks |url=https://www.bloomberg.com/markets/stocks?cic_redirect=fallback |access-date=2024-11-28 |website=Bloomberg.com |language=en}}</ref> <br />
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==History==<br />
The company was founded by [[Inderpreet Wadhwa]] in 2008.<ref name="founding"/> Azure Power’s 2 MW [[Punjab, India|Punjab]] facility was the first utility-scale [[solar power plant]] in India in 2009. Azure Power developed India's first utility scale solar project in 2009 in Awan, [[Punjab, India|Punjab]].<ref name="founding">{{Cite web |date=2012-06-24 |title=Solar powers his passion for being a social entrepreneur |url=https://www.thehindubusinessline.com/economy/Solar-powers-his-passion-for-being-a-social-entrepreneur/article20457294.ece |access-date=2024-11-28 |website=BusinessLine |language=en}}</ref> Azure Power has a total capacity of more than 7 GW.<ref name="1gw">{{cite web|url=https://www.pv-magazine-india.com/2018/07/17/azure-power-wins-300-mw-project-to-surpass-3-gw-portfolio/|title=Azure Power wins 300 MW project to surpass 3 GW portfolio|website=pv magazine India|date=17 July 2018 }}</ref><br />
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The project provides electricity to 32 villages 20,000 people in [[Awan (tribe)|Awan, Punjab]].<ref name="founding"/> Azure Power has raised capital from investors like [[Foundation Capital]], Helion Ventures, [[International Finance Corporation|IFC]] and German development bank [[German Investment Corporation|DEG]].{{Citation needed|date=November 2024}} The company's largest shareholder is [[Caisse de dépôt et placement du Québec]] (also known as CDPQ), which owns over 50% of the shares outstanding.<ref>{{Cite web|date=2020-03-13|title=CDPQ's share in Azure Power rises to 50.9 per cent|url=https://renewablewatch.in/2020/03/13/cdpqs-share-in-azure-power-rises-to-50-9-per-cent/|access-date=2020-10-06|website=Renewable Watch|language=en-US}}</ref> Azure Power has a total capacity of over 7.2 GW across.<ref name="1gw"/><br />
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==Technology==<br />
In November 2011, Azure Power was awarded the [[United States Department of Commerce|US Department of Commerce’s]] Export Achievement Certificate, at SolarCon, Hyderabad.<ref>[http://m.mydigitalfc.com/corporate-releases/us-commerce-department-honors-azure-power-export-achievement-award-541 "U.S. Commerce Department honors Azure Power with Export Achievement Award"]{{Dead link|date=April 2019 |bot=InternetArchiveBot |fix-attempted=yes }}, ''[[Financial Chronicle]]'', 15 November 2011</ref> In August 2012, [[Hanwha|Hanwha Q Cells Co.]], the [[South Korea]]n solar panel manufacturer, tied up with Azure Power to invest and build a Solar Plant in India to generate enough electricity to supply 18,000 homes.<ref>[https://www.bloomberg.com/news/articles/2015-08-12/hanwha-to-work-with-azure-to-build-solar-plant-in-india "Hanwha to Work With Azure to Build Solar Plant in India"], ''[[Bloomberg L.P.|Bloomberg]]'', 12 August 2015</ref> In 2014, Azure Power selected [[Accenture]] to implement an [[SAP Solution Manager|SAP]] [[Enterprise resource planning|enterprise resource planning (ERP)]] solution to support and drive growth in its solar generation business. As part of the agreement, Accenture provides implementation services in support of the [[SAP Solution Manager|SAP solution]] to Azure Power to help strengthen its business processes and improve planning, budgeting, forecasting, supply chain and revenue projections.<ref>[https://www.accenture.com/in-en/company-accenture-to-help-azure "Accenture to help Azure Power expand its solar generation business"], ''[[Accenture]]'', 24 April 2014</ref><br />
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==See also==<br />
* [[Solar power in India]]<br />
* [[Solar Energy Corporation of India]]<br />
* [[Tata Power Solar]]<br />
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==References==<br />
{{Reflist}}<br />
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{{Authority control}}<br />
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[[Category:Solar energy companies of India]]<br />
[[Category:Indian companies established in 2008]]<br />
[[Category:Companies based in New Delhi]]<br />
[[Category:Companies listed on the New York Stock Exchange]]<br />
[[Category:Energy companies established in 2008]]<br />
[[Category:Renewable resource companies established in 2008]]</div>Vineettandon