Azure Power Global

General Information

Our mission is to be the lowest-cost power producer in the world. We sell solar power in India on long term fixed price contracts to our customers, at prices which in many cases are at or below prevailing alternatives for these customers. We are also developing micro-grid applications for the highly fragmented and underserved electricity market in India. Since inception, we have achieved a 66% reduction in total solar project cost, which includes a significant decrease in balance of systems costs due in part to our value engineering, design and procurement efforts. We developed India’s first utility scale solar project in 2009. As of September 30, 2015, we operated 17 utility scale projects and several commercial rooftop projects with a combined rated capacity of 242MW which represents a compound annual growth rate, or CAGR, of 135% from May 2012.

Employees: 360
Founded: 2009
Contact Information
Address 8 Local Shopping Complex, Pushp Vihar, Madangir, New Delhi 110062, India
Phone Number (91-11) 49409800
Web Address
View Prospectus: Azure Power Global
Financial Information
Market Cap $466.50mil
Revenues $46.2 mil (last 12 months)
Net Income $-43.4 mil (last 12 months)
IPO Profile
Symbol AZRE
Exchange NYSE
Shares (millions): 3.4
Price range $18.00 - $18.00
Est. $ Volume $61.4 mil
Manager / Joint Managers Barclays/ Credit Suisse
CO-Managers Roth Capital Partners
Expected To Trade: 10/12/2016
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
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