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Shares of Empower India Ltd locked at their upper circuit of Rs 2.05 on 22 June after the company announced plans to move into next-generation digital solar solutions, positioning itself in India’s fast-growing renewable energy space.
In a press release filed with the exchanges, Empower India said it is evaluating solar-access models that would let consumers and businesses use solar energy without having to own rooftop panels or manage the installation themselves.
The company said the idea is to remove the usual hurdles that stop people from going solar: no rooftop space, high upfront costs and the hassle of maintaining the system.
Think of it like this. Most people rent electricity from the grid because buying and running their own solar setup is too expensive or complicated.
Empower India wants to build a platform that gives people access to solar power without any of that burden. The company said this builds on what it already does in technology infrastructure, network management and power solutions.
Managing Director Rajesh Chavan said the company’s goal is to ‘build technology-enabled energy solutions that remove traditional barriers to solar adoption while creating a scalable and recurring revenue platform for long-term growth.’
On the context side, India has crossed 150 GW of installed solar capacity and the government’s PM Surya Ghar scheme is targeting solar access for one crore households.
The company cited over $200 billion in expected renewable energy investments as the broader opportunity it is looking to tap.
On the financials, Empower India posted revenue of Rs 37.01 crore and net profit of Rs 14.14 crore for the March 2026 quarter. For the full year FY26, revenue stood at Rs 112.68 crore with net profit of Rs 15.98 crore.
Empower India closed at Rs 2.05 on BSE, up 4.59% from its previous close of Rs 1.96, locked at the upper circuit.
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