About Trom Industries Limited

Trom Industries Limited is a Solar EPC (Engineering, Procurement, and Construction) company specializing in residential solar rooftop, industrial solar power plants, ground-mounted solar power plants, and solar street lights. Trom is engaged in the comprehensive development of diverse solar projects. For residential rooftop installations, Trom designs and implements solar systems tailored to individual homes. In the industrial sector, their Company scales up their operations to design and construct larger solar power plants catering to industrial needs. Groundmounted solar power plants involve the development of solar arrays on open land. Additionally, their Company extends their services to include the Supply and Installation of solar street lights for public and commercial areas. Their business encompasses engineering design, procurement of materials, on-site construction, project management, and adherence to regulatory standards across various sectors. Their solar applications contribute to the growth of sustainable energy solutions across residential, industrial, public domains and government sector. Also, their business operations encompass the extensive trading and distribution of a diverse range of products, including solar panels, inverters, and an array of materials intricately connected to the establishment and functioning of solar power plants. Furthermore, they were also engaged in the trading of all types of footwear to a very small scale during the period. They are actively engaged in the development of green hydrogen projects as a pivotal aspect of their future business endeavors.

With over 12 years of unwavering dedication, they have positioned themselves at the forefront of the solar energy revolution, tirelessly working to make this sustainable power source accessible to all through bespoke products and unparalleled service. Today, Trom proudly stands as one of India's most reputable names in Solar EPC Company, a testament to their relentless pursuit of excellence. Currently, more than 30,000+ Customer and businesses bear witness to the efficacy of Trom Solar EPC Company, trusting them to power their spaces with efficiency and reliability. At Trom, they share a collective vision of a future defined by energy efficiency and sustainability, empowered by the radiant glow of the sun.

INDIAN INDUSTRY OUTLOOK
India's energy demand is expected to increase more than that of any other country in the coming decades due to its sheer size and enormous potential for growth and development. Therefore, it is imperative that most of this new energy demand is met by low-carbon, renewable sources. India's announcement India that it intends to achieve net zero carbon emissions by 2070 and to meet 50% of its electricity needs from renewable sources by 2030 marks a historic point in the global effort to combat climate change. 

The Indian renewable energy sector is the fourth most attractive renewable energy market in the world. India was ranked fourth in wind power, fifth in solar power and fourth in renewable power installed capacity, as of 2020. Installed renewable power generation capacity has gained pace over the past few years, posting a CAGR of 15.92% between FY16-22. India is the market with the fastest growth in renewable electricity, and by 2026, new capacity additions are expected to double. 

With the increased support of the Government and improved economics, the sector has become attractive from an investor’s perspective. As India looks to meet its energy demand on its own, which is expected to reach 15,820 TWh by 2040, renewable energy is set to play an important role. As of October 2022, India’s installed renewable energy capacity (including hydro) stood at 165.94 GW, representing 40.6% of the overall installed power capacity. 

The country is targeting about 450 Gigawatt (GW) of installed renewable energy capacity by 2030 – about 280 GW (over 60%) is expected from solar. 

The non-hydro renewable energy capacity addition stood at 4.2 GW for the first three months of FY23 against 2.6 GW for the first three months of FY22. 

Solar power installed capacity has increased by more than 18 times, from 2.63 GW in March 2014 to 49.3 GW at the end of 2021. In 2022, till November, India has added 12 GW of solar power capacity. 

Power generation from renewable energy sources (not including hydro) stood at 16.18 billion units (BU) in September 2022, up from 14.49 BU in September 2021. 

With a potential capacity of 363 GW and with policies focused on the renewable energy sector, Northern India is expected to become the hub for renewable energy in India.

India has set a target to reduce the carbon intensity of the nation’s economy by less than 45% by the end of the decade, achieve 50% cumulative electric power installed by 2030 from renewables, and achieve net-zero carbon emissions by 2070. Low-carbon technologies could create a market worth up to $80 billion in India by 2030. 

India’s target is to produce five million tonnes of green hydrogen by 2030. The Green Hydrogen target is set at India’s electrolyser manufacturing capacity is projected to reach 8 GW per year by 2025. The cumulative value of the green hydrogen market in India could reach $8 Bn by 2030 and India will require at least 50 gigawatts (GW) of electrolysers or more to ramp up hydrogen production. 

India’s ambitious renewable energy goals are transforming its power sector. The rising population and widespread electrification in rural homes are fueling the demand for energy to power homes, businesses and communities. Clean energy will reduce pollution levels as villages become self-sustainable with their use of clean energy. In 2022, India's renewable energy sector is expected to boom with a likely investment of US$ 15 billion this year, as the government focuses on electric vehicles, green hydrogen, and the manufacturing of solar equipment. 

It is expected that by 2040, around 49% of the total electricity will be generated by renewable energy as more efficient batteries will be used to store electricity, which will further cut the solar energy cost by 66% as compared to the current cost. Use of renewables in place of coal will save India Rs. 54,000 crore (US$ 8.43 billion) annually. Around 15,000 MW of wind-solar hybrid capacity is expected to be added between 2020-25. 

As per the Central Electricity Authority (CEA) estimates, by 2029-30, the share of renewable energy generation would increase from 18% to 44%, while that of thermal is expected to reduce from 78% to 52%. The CEA also estimates India’s power requirement to grow to reach 817 GW by 2030.

TROM INDUSTRIES LIMITED STRENGTHS
1. Wide Range of Products
2. Strong relationship with customers and suppliers
3. Experienced management team with industry expertise

TROM INDUSTRIES LIMITED STRATEGIES
1. Improve Domestic Presence
2. Leveraging their market skills and relationship
3. Optimal Utilization of Resources
4. Customer Satisfaction

TROM INDUSTRIES LIMITED RISK FACTORS & CONCERNS
1. Their revenues are highly dependent on their operations in geographical region of state of Gujarat.
2. Government may commence assembling the solar water pumps/products and may start providing products at cheaper rates.
3. Solar pump consumption will be reducing due to constructions of more dams by Government.
4. They may continue to derive a material portion of their revenue from their top five customers and their financial dependence on their top five customer poses a potential risk.
5. The Company is involved in a writ petition, Trom Industries Limited vs. The State of Assam and Ors.
6. They may not be successful in bidding for and winning bids for solar EPC projects to grow their business.
7. Unfavourable solar weather conditions could impact their business, financial condition and results of operations.
8. Most of their revenue originally came from EPC models, however, recently most of revenue is generated from Trading.