Winsol Engineers Ltd – Company Report
1. Company Overview
Winsol Engineers Limited, established in December 2015 and headquartered in Jamnagar, Gujarat, is a fast-growing EPC provider specializing in turnkey Balance of Plant (BoP) solutions for India’s renewable energy sector. The company delivers end-to-end engineering, procurement, construction, and commissioning (EPCC) services for wind and solar projects, including foundation works, substation civil and electrical works, RoW management, and grid connections.
Winsol is certified under ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018, underscoring its commitment to quality, environmental compliance, and safety. The company employs 200+ engineers and technicians and serves major clients such as Suzlon, Adani Green Energy, Powerica, and KP Energy. Listed in 2024, Winsol is gaining strong visibility in India’s clean energy infrastructure space.
Key Highlights:
- Incorporated: 2015
- Headquarters: Jamnagar, Gujarat
- Employees: 200+
- Service Portfolio: EPC (BoP), civil/electrical works, O&M, consulting
- Clientele: Suzlon, Adani Green, KP Energy, Powerica, and others
2. Products and Services
- Turnkey Balance of Plant (BoP) Solutions: Full-scope engineering for wind and solar projects (excluding turbines/modules)
- Civil Construction: Foundations, substations, and plant infrastructure
- Electrical Works: Substation works, cabling, and grid connectivity
- Right-of-Way (RoW) Services: Land acquisition, clearances, and project access
- Operation & Maintenance (O&M): Plant maintenance, SCADA integration, and performance support
- Consulting: Feasibility, design engineering, and DPR preparation
- Project Management: Procurement, scheduling, and execution oversight
3. Recent News and Business Developments
Executed over 55 turnkey BoP projects, with an order book exceeding ₹170 crore as of 2025
Acquisition: In February 2024, Winsol acquired Repower Infrastructure Pvt. Ltd. as a wholly-owned subsidiary to enhance EPC capacity
International Expansion:
- In March 2025, formed Winsol Engineers Zambia Limited, a foreign subsidiary in Lusaka, targeting electric power generation, transmission, and distribution
Recent Order Wins (2025):
- August 1, 2025: Received a Letter of Intent (LOI) for transmission line works under the NTPC REL: 300 MW Project at Bhuj, Gujarat. The LOI includes two work orders totaling approximately ₹39.25 crore, which includes ₹35.40 crore for single stringing in double circuit towers and ₹3.85 crore for single stringing in multi-circuit towers.
- June 24, 2025: Received a New Service Order worth ₹1.86 crores from Enel Green Power India Private Limited for providing Manpower Services (Contractual Employees).
- June 16, 2025: Received a ₹5.56 crore order from Juniper Green Energy Limited for the complete design, engineering, installation, and commissioning of 33 KV overhead transmission lines at a 300 MW wind project in Jam Khambaliya, Gujarat.
- July 14, 2025: Secured a work order worth ₹21.61 crore from Adani Green Energy Ltd for the supply of materials and associated services required towards the establishment of a 33KV Transmission line for the 300.5 MW Wind Power Project, Mundra.
- June 14, 2025: The order of ₹10.36 crore from Juniper Green Energy Limited for the supply of materials to a wind power project in Jam Khambaliya, Gujarat. The order includes tasks such as design, engineering, manufacture, inspection, testing, packing, dispatch, transportation, and transit insurance for the 33 KV transmission line network and associated infrastructure.
- April 30, 2025: Secured a service order worth ₹2.48 crore from TEQ Green Power XI Private Limited for the procurement, supply, unloading, construction, erection, installation, testing, and commissioning of a 33 KV Line Internal Evacuation System. The work is to be executed in various villages in Beed District, Maharashtra.
- March 25, 2025: Winsol Engineers Ltd has announced the receipt of a new purchase order from BA Prerna Renewables Private Limited. The order, valued at approximately ₹2.52 crore is for the supply of 220kV EHV Transmission Line Material.
- March 19, 2025: Received two incremental Purchase Orders and two incremental Work Orders from the Sembcorp Group amounting to approx. ₹2.71 Cr for Supply of VG 64 and to provide associated services pertaining to VG 64. Consequently, the total value of the orders now stands at approx. ₹11.01 Cr which includes four Purchase Orders and four Work Orders from Sembcorp Group dated April 25, 2024 aggregating to ₹8.30 Cr.
- March 18, 2025: Received a new work order of approx. ₹5.83 crore for Laying, Erection, Testing and Commissioning of 66kV 1C, 300sqmm & 1C, 630sqmm XLPE Cable for Poly AL and AI corrugated cable for various lines for Package-2 for Rajkot Zone.
- November 21, 2024: Secured 2 work orders from Juniper Green Energy Private Limited for a consideration of ₹48.28 Crores. The first work order is for the supply of materials, EPC Work of 220 KV Single Circuit transmission line and second work order is related to 220 KV Single Circuit overhead transmission line.
- October 21, 2024: Received an order from Tata Chemicals worth ₹1.25 crore for the supply of 33kv Line Rail Pole cross arm channel bracing angle suitable length clamp.
- October 20, 2024: Secured an order from Suzlon Global services worth ₹2.83 crore for the erection GI structure, 110KV Line, 66KV 0.2 ACSR Panther
- Septmeber 11, 2024: Received additional work orders from Suzlon Energy Limited for consideration of ₹14.63 Crores, for the Completion of ETC including HOTO work of 220KV S/c on D/c EHV transmission line and another work order for a consideration of ₹13.02 Crores for the supply of materials as per the agreed BOQ required for the completion of 220 KV S/c on D/c EHV transmission line.
- Septmeber 9, 2024: Secured 2 new work orders from Suzlon Energy Limited. The first work order is for completion of ETC (erection, stringing, liasoning, testing & commissioning) including HOTO work of 220 KV S/c on D/c EHV transmission line of Kalavad – Khandhera to Jamjodhpur (Suzlon PSS) Line Gujarat for ₹3.73 Crores. The second work order is for the completion of civil and construction work of 220 KV S/c On D/c tower EHV transmission line A/c Jamjodhpur-II Line GJ as per GETCO /Suzlon specification and other requirements for ₹3.16 Crores.
- May 28, 2024: Secured a new domestic work order from WYN Renewables Private Limited for a consideration of ₹13.83 Crores for the supply of a 66KV transmission line, Double Circuit Tower with an Eco Panther Conductor, and the order should be executed before November 2024.
4. Financial Performance (FY2025)
| Metric | FY2025 Value |
|---|---|
| Total Revenue | ₹111 crore |
| Net Profit | ₹11.34 crore |
| Earnings Per Share (EPS) | ₹9.83 |
| Operating Margin | 15% |
| Net Margin | 10% |