Responsible and Inclusive Engagement
Bhimsar, Rajasthan
Stakeholder relations and support are integral to our vision of creating renewable energy assets of national importance. Our collaborative engagements focus on addressing their needs and expectations to build lasting relations. It also enables gathering critical insights that shape strategy to create shared value and advance India’s clean energy transition.
Stakeholder Engagement Mechanism
We follow a structured process to identify, prioritise and engage with internal and external stakeholders based on business impact, responsibility, and influence.
Supported by a Comprehensive Governance Mechanism
Corporate Responsibility Committee (CRC)
Managing engagement and reporting results to the Board
Click to read moreBoard’s Stakeholders Relationship Committee (SRC)
Address a specific set of stakeholders like investors, analysts, shareholders, etc.
Click to read moreGrievance Mechanism
To promptly address stakeholder concerns
Stakeholders’ Importance to Our Value Creation
Capitals
Financial Capital
Manufactured Capital
Intellectual Capital
Human Capital
Social & Relationship Capital
Natural CapitalMaterial Topics
Shareholders and Investors/Lenders
They provide capital for business expansion. Our engagements related to performance, strategy and outlook ensure steady availability of funds.
Their Needs and Expectations
- Predictable financial performance
- Clarity on growth strategy and capital allocation
- Dividend and share price appreciation
- Strong governance and enterprise risk management
- Transparent sustainability disclosures
How We Create or Preserve Value
- 5.1 GW new capacity and out of that 2.9 GW of PPAs entered in FY 2025-26
- Healthy return on average gross assets of 10.17% in FY 2025-26 – despite 5.65x growth in asset base in the last five years
- Enhanced merchant and C&I portfolio for revenue maximisation
5-year capacity addition CAGR
5-year EBITDA CAGR
Related Material Themes
Capitals impacted
Customers
They procure the power that our plants generate. Our engagements focus on securing long-term offtake arrangements and merchant sales growth.
Their Needs and Expectations
- Reliable and timely power supply
- Compliance with the grid code transmission availability
- Transparent billing and communication
- Responsive grievance redressal
How We Create or Preserve Value
- Effective power generation planning and scheduling
- Consistently delivering generation above PPA commitment with tech-enabled O&M
- Timely communication on reconciliation and settlements
- Enhanced service reliability and responsiveness
- 100% of surveyed customers were satisfied
Actual power generation performance vs PPA requirement
Sold on a merchant basis, including 8,995 mn units under PPA
Related Material Themes
Capitals Impacted
Employees and Contractual Workforce
Employees execute strategy, manage operations and serve customers, while the contractual workforce ensures seamless project execution and O&M across locations. Our engagement is centred on their skill-building, development, growth and well-being.
Their Needs and Expectations
- Safe workplace with human rights
- Career development, well-being and engagement efforts
- Grievance redressal
- Fair wages, rewards and recognitions
- Programs on financial, wellness, health and family benefits, based on satisfaction survey inputs
- Average of 35 training hours and ₹ 8,508 investment per employee
- DEI policies, gender pay parity and inclusion of disabled
How We Create or Preserve Value
- Zero harm through robust health and safety system, automation and safety innovations
Total employee benefits
Related Material Themes
Capitals Impacted
Vendors (Suppliers and Contractors)
They are integral to our value chain, with engagement strengthening alignment, partnerships and supply chain resilience.
Their Needs and Expectations
- Steady orders and transparent pricing with fair negotiation/practices
- ESG evaluation, capacity building and corrective action support
- Payments and grievance redressal mechanism
How We Create or Preserve Value
- Fairness with code of conduct, procurement policy and structured onboarding process
- Supplier risk and ESG assessment, with corrective action plan, technical training and ESG workshops
- IT-enabled digital payment system support and grievance redressal mechanism
Procurements from domestic suppliers (27% allocated to local MSMEs/small producers)
Related Material Themes
Capitals Impacted
Senior Management and Board of Directors
They oversee governance and provide strategic guidance to drive performance, manage risks and ensure long-term value creation.
Their Needs and Expectations
- Leadership development programmes
- Strong corporate governance and ERM framework
- Visibility into strategy execution and performance
How We Create or Preserve Value
- Structured reporting on financial, operational and ESG performance
- Integrating their insights into strategy, risk management and ESG matters
- Internal/external audits, independent assurance and escalation mechanisms to support informed oversight
Capitals Impacted
Related Material Themes
Local Communities
They give us social licence to operate. Our engagements build trust, drive inclusive shared growth and strengthen long-term relations.
Their Needs and Expectations
- CSR projects for community development (access to clean water, roads, healthcare, sanitation and school/educational infrastructure)
- Local job creation and hiring
- Routine empowerment programmes and awareness campaigns
How We Create or Preserve Value
- Livelihood programmes: enhancing livestock productivity and breed quality, women-owned enterprises and skilling youths
- Improving learning outcomes and empowering young minds across 12 schools
- Operating mobile healthcare units, health camps, rural clinics, and hospitals
- Awareness programmes on health, hygiene, family planning and nutrition
- Water conservation projects in Jaisalmer and Barmer
- Construction of toilets in government schools
Contribution to community development
Direct and indirect beneficiaries
Related Material Themes
Capitals Impacted
Government/Regulatory Authorities
They shape the regulatory framework and monitor our business operations. Our engagements ensure a conducive business environment, support legal compliance and alignment with national priorities.
Their Needs and Expectations
- Regulatory compliance
- Timely information/reports submissions and statutory payments
- Job creation, community development and alignment with national energy and climate goals
- ESG practices and focus on climate change
How We Create or Preserve Value
- Publishing integrated, ESG, and tax transparency reports
- Timely statutory payments and no instances of compliance breach
- Strong governance and internal control frameworks
- Target to meet 10% of India’s green power capacity by 2030
Contribution to the national exchequer
Related Material Themes
Capitals impacted
Media and NGO
They help communicate our performance, strategy and vision, shaping public perception and enhancing business visibility.
Their Needs and Expectations
- Transparent communications on business and sustainability
- Investment in people, community and planet responsibility
- Legal compliance and management systems
How We Create or Preserve Value
- Publishing reports and regular media briefings and updates
- Engagement on social and environmental priorities
- Strengthened assurance processes, including integrating environmental, energy and OHS management systems
Press releases issued in FY 2025-26
Social media posts in FY 2025-26
Related Material Themes
Capitals Impacted
Refer to the Business Responsibility & Sustainability Report for more information on our engagement methods and frequency