GROWTH IN
ACTION FOR
A HAPPY
Planet
Apraava Energy believes in conscious action that delivers positive impact. Over the last few years, Apraava Energy has been actively foraying into low-carbon business segments with the intent of making our portfolio cleaner and greener. Our Renewable Energy (RE) capacity now contributes 51% to our total generation portfolio and more than 70% of our total investments are in the low carbon space. During FY 2023-24, we secured as many as 9 greenfield projects across Wind, Solar, Transmission and Advanced Metering Infrastructure (AMI) business and we plan to install smart meters in 4.7 million households across 4 states in the near future.
Managing
Director's
Message
Achieving a sustainable balance, where economic growth does not come at the expense of our ecosystems’ health, truly defines a happy planet. Building businesses that help in mitigating the effects of climate change remains a critical route to find this balance. At Apraava, we strive to play an instrumental role in implementing responsible energy solutions, ensuring a sustainable present and the well-being of future generations. Building a happy planet is the foundation of everything we do.
Rajiv Ranjan Mishra
Managing Director, Apraava Energy
Message from IEX Members
The report provides a comprehensive overview of our initiatives and governance practices, highlighting Apraava’s progress and commitment to sustainability. Aligned with IIRC principles, UN SDGs, and GRI standards, it ensures accountability and builds stakeholder trust. Apraava’s focus is on long-term value creation that benefits employees, customers, and the community. We go beyond immediate profits, emphasising the development of a sustainable and future-ready organisation.
We are actively expanding our business footprint and building capabilities to ensure we have the requisite workforce, skills, and expertise to meet our growth objectives. Our priority for the next 2-3 years is to execute our current projects on time and deliver results that meet the high standards we are known for. Throughout this process, we will maintain a conscious focus on safety, sustainability in our operations, quality of construction, supply chain, and partnerships.
Apraava Energy is committed to pursuing sustainable growth by expanding into low-carbon segments across the power sector. In the near to medium term, while we will continue to pursue growth in renewable generation and transmission, we will also focus on exploring new growth areas such as green hydrogen and energy storage, which are vital for providing reliable power to all. India is at a critical juncture in its energy transition, and we are committed to playing our part in enabling the nation to move smoothly towards a sustainable power sector landscape in the long term.
In line with Apraava’s vision to partner India in its energy transition journey, we are dedicated to cultivating future leaders and nurturing talent at Apraava. Through comprehensive development initiatives at all levels of the organisation, we are equipping our team with the skills and knowledge needed to excel in this ambitious growth journey. Our core values and our people will always remain at the heart of everything we do.
At Apraava, we are committed to driving sustainable growth while upholding the highest standards of corporate governance and regulatory compliance. Our strategic approach is underpinned by a robust framework that enables us to proactively monitor and adapt to the evolving legal and regulatory landscape. We have implemented rigorous processes, including our Regulatory Newsletter, to keep our teams informed about changes in the regulatory environment and their potential impact on our operations. This proactive approach allows us to navigate the complex regulatory terrain with agility and ensure that our business practices remain aligned with prevailing laws and regulations.
The report provides a comprehensive overview of our initiatives and governance practices, highlighting Apraava’s progress and commitment to sustainability. Aligned with IIRC principles, UN SDGs, and GRI standards, it ensures accountability and builds stakeholder trust. Apraava’s focus is on long-term value creation that benefits employees, customers, and the community. We go beyond immediate profits, emphasising the development of a sustainable and future-ready organisation.
We are actively expanding our business footprint and building capabilities to ensure we have the requisite workforce, skills, and expertise to meet our growth objectives. Our priority for the next 2-3 years is to execute our current projects on time and deliver results that meet the high standards we are known for. Throughout this process, we will maintain a conscious focus on safety, sustainability in our operations, quality of construction, supply chain, and partnerships.
In line with Apraava’s vision to partner India in its energy transition journey, we are dedicated to cultivating future leaders and nurturing talent at Apraava. Through comprehensive development initiatives at all levels of the organisation, we are equipping our team with the skills and knowledge needed to excel in this ambitious growth journey. Our core values and our people will always remain at the heart of everything we do.
At Apraava, we are committed to driving sustainable growth while upholding the highest standards of corporate governance and regulatory compliance. Our strategic approach is underpinned by a robust framework that enables us to proactively monitor and adapt to the evolving legal and regulatory landscape. We have implemented rigorous processes, including our Regulatory Newsletter, to keep our teams informed about changes in the regulatory environment and their potential impact on our operations. This proactive approach allows us to navigate the complex regulatory terrain with agility and ensure that our business practices remain aligned with prevailing laws and regulations.
Esg Performance Highlights
Manufactured Capital
New Wins
Operational Capacity (MW)
924
1,134
Energy Sent Out (GWh)
1,551
2,002
300 MW Wind Farm secured in SECI Wind (Tranche XIV) Auction, Karnataka
Operational Capacity (MW)
250
250
Energy Sent Out (GWh)
472
501
250 MW and 300 MW Solar capacity secured in NHPC and NTPC Solar Auction respectively, Rajasthan
Operational Capacity (MW)
1,320
1,320
Energy Sent Out (GWh)
7,634
7,740
Decarbonisation through 1.5% biomass co-firing for thermal power generation
Length of Transmission Line (km)
494
494
Availability (%)
99.92
99.92
- Fatehgarh-IV and Fatehgarh-III Transmission projects for evacuation of power from REZ in Rajasthan (20 GW) under Phase III - Part A1 and A3 respectively
- Karera Power Transmission, Madhya Pradesh
- Rajasthan Phase-IV A Power Transmission project for evacuation of power from Rajasthan REZ Phase IV
Assam
(Consumers)
242,226
out of693,077
Gujarat
(Consumers)
2,366,608
to be installed
Two AMI projects for installation of 1.7 million smart meters in Himachal Pradesh and West Bengal
Financial Capital
Turnover (INR million)
62,910
62,312
PAT
(INR million)
12,335
8,461
Investment in low carbon business: 8,285 INR million
Intellectual Capital
Investment in IT Initiatives (INR million)
101.39
112.00
Strengthening of digital infrastructure
- Implementation of Oracle eBS
- Paperless billing at all RE sites and for ash & gypsum sales at JPL
Human Capital
Total
Employees
461
508
Training hours per employee
51
56.5
Embracing Diversity, Equity, and Inclusion
- Received Great Place to Work certification
- Building an Unconscious Bias free workplace
Natural Capital
GHG Emission Intensity- Scope 1 & Scope 2 (tCO2e/MWh)
0.71
0.66
Waste Recycled (Metric tonnes)
360.73
774.98
Striving for a Greener Planet
- Robotic cleaning of solar panels
- Development of Wetland and Butterfly park at JPL
Social & Relationship Capital
CSR Expenditure (INR million)
111.30
158.00
Lives Impacted (Nos.)
227,001
466,430
Empowering Lives Sustainably
- Increase in volunteering hours
- Promotion of millet farming and sustainable agriculture practices
OUR PRESENCE
This map is only for illustration purpose
-
Office
-
Thermal Asset
-
AMI
-
Power Transmission
-
Solar Power Plant
-
Wind Farm
-
Under Construction
- * Not Operational
WIND POWER
1,134 MW
SOLAR POWER
250 MW
TRANSMISSION
494 KMS
THERMAL POWER
1,320 MW
ADVANCED METERING INFRASTRUCTURE (AMI)
242,226 Consumers
WIND POWER
1,134 MW
Sipla2
50.4 MW
Rajasthan
Bhakrani2
102.4 MW
Rajasthan
Tejuva2
100.8 MW
Rajasthan
Samana I1
Samana II2
100.8 MW
Gujarat
Mahidad2
50.4 MW
Gujarat
Chandgarh2
92 MW
Madhya Pradesh
Khandke4
50.4 MW
Maharashtra
Andhra Lake2
106.4 MW
Maharashtra
Jath2
60 MW
Maharashtra
Saundatti2
72 MW
Karnataka
Harapanahali2
39.6 MW
Karnataka
Theni I1
Theni II3
99 MW
Tamil Nadu
Sidhpur2
210* MW
Gujarat
*(remaining 40 MW is under commissioning)
Note:
1. Apraava Energy Private Limited
2. Apraava Renewable Energy Private Limited
3. Apraava Wind Energy (Theni - Project II) Private Limited
4. Apraava Wind Energy (Khandke) Private Limited
SOLAR POWER
250 MW
Clean Solar Renewable Energy Private Limited (CREPL)
30 MW
Telangana
Divine Solren Private Limited (DSPL)
50 MW
Telangana
Veltoor
Solarfarm1
100 MW
Telangana
Gale Solarfarms Limited
50 MW
Maharashtra
Tornado Solarfarms Limited
20 MW
Maharashtra
TRANSMISSION
494 KMS
Satpura Transmission Private Limited (STPL)
240 kms
Madhya Pradesh
Kohima-Mariani Transmission Private Limited (KMTL)
254 kms
Assam, Nagaland, Manipur
THERMAL POWER
1,320 MW
Jhajjar Power Limited (JPL)
2 X 660 MW
Haryana
Paguthan1
Power Plant*
655 MW
Gujarat
*The Paguthan power plant is a dual fuel combined cycle plant in
operational condition but it does not dispatch power presently.
ADVANCED METERING INFRASTRUCTURE (AMI)
242,226 Consumers
Total consumers
Smart meters installed till 31st March 2024
Assam5
693,077
242,226
Smart meters installed till 31st March 2024
Gujarat6
2,366,608
Under GO-LIVE
Note:
5. Apraava Smart Meter Private Limited
6. Apraava Kutch-Saurashtra Smart Meter Private Limited
Materiality And Stakeholder Engagement
Materiality is integral to identifying and prioritising sustainability issues that matter to our stakeholders and could impact Apraava. It forms the basis of our strategic planning and promotes long-term value creation. We view materiality as key to understanding significant ESG issues that could impact our business and the environment. By using a thorough assessment framework, we can and have been proactively developing effective, sustainable solutions.
Our aim is to balance stakeholder interests and environmental considerations in all our business decisions, ensuring both operational efficiency and responsible corporate behaviour.
Apraava Energy’s Materiality Assessment Framework
Performance
Engagement
Allocation
Reporting
Strategy
Value Creation Model
We aim at creating continuous value for all our stakeholders which leads to holistic growth, balanced capital investment and business sustainability across all six capitals.
Six Integrated Capitals
MANUFACTURED CAPITAL
Energy is a fundamental catalyst in driving global development and as providers of a form of energy, we are conscious of the role we play in this cycle. This has led to Apraava Energy choosing an ambitious course for the future, one that is more sustainable and good for the environment but also on track to meeting the world’s intensifying power needs. While our aspirations have grown tremendously, the path we have chosen to realise these ambitions are what sets us apart.
Read More-
Renewable
Energy Capacity:1,384 MW
-
Thermal
Energy Capacity:1,320 MW
-
Transmission
Lines:494 km
-
Smart Meters
planned for
installation over
next 2 years:4.7 million
consumers
Intellectual CAPITAL
Keeping pace with advancements in technology is important to be able to leverage them to the organisation’s advantage. At Apraava Energy, we value intellectual infrastructure and expertise that the Company has built over the years. We have always encouraged our people to be explorers so as to remain relevant in today’s rapidly evolving digital world. We firmly believe that a digitally advanced organisation is resilient in the long run. With this belief, Apraava has implemented number of ditigal initiatives to keep pace with the latest technologies and DigiVartan is one such key initiative.
Read More-
Investments in IT initiatives:
112 INR million
-
Strengthening
Cybersecurity -
Providing advanced
metering solutions -
Integration of
Various IT applications
Natural
CAPITAL
Apraava Energy pursues sustainable growth with responsible consumption. To achieve this, we have been taking measures to ensure minimal carbon footprint, optimal utilisation of resources (natural and man made) and efficient management of our inventory. Our approach to natural capital is underpinned by initiatives focused on low-carbon transition, minimising dependence on freshwater consumption, controlling air pollution, eliminating plastics, managing waste responsibly, exploring circular economy opportunities, and enhancing biodiversity.
Read More-
Water Intensity:
1.56 KL/MWh
-
Biomass Co-fired
79,511 tonnes
-
Number of trees planted:
58,822 Nos
-
Total Waste Recycled:
774.98 tonnes
-
Natural Capital
Action Plan (NCAP) -
Decarbonisation
of Business
Human
CAPITAL
At Apraava Energy, our employees are essential to our success, driving growth and helping us achieve our vision. Their dedication and hard work form the foundation of our progress. We prioritize creating an environment that supports their holistic well-being and helps them achieve their personal and professional goals.
In a world constantly changing with new industry trends, technological advancements, and innovative breakthroughs, we recognise the importance of attracting and retaining top talent. This is essential for our ambitious growth plans.
Read More-
Number
of Employees:508
-
Women
in workforce:15%
-
Employee
Training Coverage:97%
-
Investment in employee well-being:
50.81 INR million
Financial
CAPITAL
Economic performance is an important facet of building a sustainable business. Apraava Energy is on an accelerated growth path which requires continuous investments for each of our business verticals along with ensuring operational excellence. We ensure judicious and strategic allocation of financial capital across various businesses to foster longterm value creation for our stakeholders, relying on an adequate mix of debt and equity.
Read More-
Turnover:
62,312 INR million
-
EBITDA:
21,173 INR million
-
Profit After Tax:
8,461 INR million
-
Return on Capital Employed:
9.6%
CASE STUDIES
Building
inclusive assets
In a marked effort to promote gender diversity, Apraava Renewable asset management team and one of our Operations & Maintenance (O&M) service partner, Param Renewable, successfully incorporated the inclusion of a female workforce in our operations. Confronted with major challenges such as gender integration
JPL commitment to wetland development and conservation
JPL implemented a comprehensive biodiversity assessment following IBBI directives in FY 2021-22 for preserving biodiversity and ecological abundance. This assessment led to the creation of a Natural Capital Action Plan (NCAP) for the region. A key initiative within the NCAP was the development of wetlands, critical ecosystems straddling land and
Efforts towards
biomass co-firing
Over the last fiscal year, JPL has made significant strides in its energy transition endeavours, particularly through the increased utilisation of biomass co-firing. This consistent uptick in biomass co-firing over the last year has been made possible by effectively addressing numerous process and supply chain challenges.
Transforming Apraava Energy's Employee Value Proposition journey
At Apraava Energy, our commitment to excellence extends beyond delivering superior energy solutions; it encompasses creating an exceptional employee experience. In our relentless pursuit of this vision, we embarked on a transformative journey to articulate our Employer Value Proposition (EVP).
Championing Millets for family and community health
In the serene village of Lakshmipuram, the Pandiammal family embodies resilience and community spirit. Led by Ms. Pandiammal VijiyaKannan, whose dedication to integrate small millets into their diet began under the guidance of the Rural Self Employment Training Institute (RSETI), it has sparked the family’s transformative journey towards health.
Project Aarohan
In Gujarat, Apraava Energy has launched Project Aarohan focusing on education, water and livelihoods across 24 villages near our wind farms. The project has fostered establishment of farmer clubs, Farmer Producer Organisations (FPOs) and Self-Help Groups (SHGs), and promoted cultivation and consumption of millets in line with global focus on these super grains.
Social and
Relationship Capital
Economic prosperity is deeply connected to equitable and collaborative growth. At Apraava Energy, we are committed to empower the communities we work in and with to help them make the most of growth opportunities. Our social responsibility philosophy envisages a world where economic progress is at par with social equity, enabling all individuals to lead fulfilling lives. By actively engaging with local communities, understanding their needs, and collaborating on initiatives that promote growth and well-being, we strive to create lasting positive change.
Read MoreInvestment in CSR:
158 INR million
Employee Volunteering Hours:
3,390 hours
Total CSR Projects:
48 Nos.
Local sourcing:
92.74% (non-fuel only)