Urja Global reports strong revenue growth, strategic expansion plans

Urja Global Limited announced substantial financial growth for the fiscal year 2024-25 at its 33rd Annual General Meeting. Standalone revenue increased by 16.20% to INR 5032.86 Lakhs from INR 4332.84 Lakhs in the previous year, with a Profit After Tax (PAT) of INR 144.12 Lakhs. On a consolidated basis, the company reported a 51.22% increase in revenue, reaching INR 6724.73 Lakhs from INR 4446.95 Lakhs, and a consolidated profit of INR 138.18 Lakhs.

The company plans to raise up to $500 million to establish an integrated manufacturing facility in Rajasthan for Solar, Batteries, E-vehicles, and Charging Stations. Strategic expansions include Solar PAN-India registration, increased EV manufacturing footprints in the South and East, and the launch of the "Urja Rath Campaign" on September 9, 2025. Initiatives like "Urja Kendra's," "Didi Ki Mahima," and "Yuva Jyoti" projects aim to engage local communities and promote rural youth employment.

The company also announced progress on a hydrogen-powered scooter prototype, national registration with all DISCOMs for rooftop solar projects, and expansion into large solar EPC projects. The battery division continues to support solar and scooter operations. The board approved the appointment of Mr. Mohan Jagdish Agarwal as managing director, Mrs. Saumya Srivastava as a non-executive independent director, and M/s. Siddiqui & Associates as secretarial auditors.