Sael, a company that converts agricultural waste into clean energy, preparing for a public list within the next 12 months, said its CEO Laxit Awla.
The company is in the process of identifying commercial bankers to administer their inaugural public problem.
Speaking about the planned public problem, Awla told PTI that the OPI prodeeds will be used to expand Sael’s operations, with an approach to expand their cellular manufacturing capabilities, independent energy producers.
Awla stressed that Sael is the only biomass biomass operator to biomass energy based on 100 percent of the world and the largest in industrial tail or rice straw worldwide.
Through its 11 biomass plants distributed by Punjab, Haryana and Rajasthan for a total of 165MW of installed capacity, the company processes almost 2 million tons or agricultural waste annually, he said.
This conversion results in a clean and reliable green power, helping to combat air pollution, improve public health and support sustainable livelihoods for thousands of farmers and rural communities, he added.
In addition to its agri energy waste operations, Sael is also active in the solar energy sector. It has quickly expanded its presence as a leader IPP, accumulating a portfolio of more than 6 GW or solar energy projects throughout India, including operational assets and construction construction.
To support this growing generation capacity, Sael has significantly increased its manufacture of solar modules. The company recently achieved a production capacity of 3.3 GW in high efficiency Topcon solar modules, manufactured in two 3,000 MW facilities in Kishangarh, Rajasthan and 300 MW in Ferozepur, Punjab.
Looking towards the future, Awla shared the company’s goal to climb her renewable energy capacity at 10 GW in the next three years. Sael also plans to diversify its manufacturing business through a deeper backward integration, further strengthening its position in the clean energy ecosystem.
As part of its broader growth strategy, the company is actively exploring opportunities to expand its operations to new geographies worldwide.
In 2024, Sael presented an issue of $ 305 million green bonds in the Singapore stock exchange. The offer, with BB+ qualification by Fitch, was subsidized for more than six times, reflecting strong confidence of investors in the company’s business model and its role in the progress of renewable energy.
Posted on April 13, 2025