Onix Renewable Ltd IPO in 2024 for green energy Investments

In an interview with ET Energy World, Div-yesh Savaliya, Chairman & Managing Director, articulated Onix Renewable Ltd's commitment to achieving Net Zero emissions by 2030. To facilitate this goal, the company is planning to launch an Initial Public Offering (IPO) in 2024. The IPO will serve to finance substantial investments in renewable energy, encompassing solar, vind, and hybrid solar-wind projects, and Green Hydrogen, in addition to bolstering our Solar Panel Manufacturing division. Väth a track record of successfully implementing over SOO MIV of projects to date, Onix Renewable is expanding its horizons into solar PV module production, currently operating at an annual capacity of 100 MW, with plans to scale up to 1200 NIWby the end of 2024.