Sun Drops Energia, whose unlisted shares are trading at around ₹270, has secured a new 175 MW BESS order from Gujarat Urja Vikas Nigam Limited (GUVNL) as part of a 450 MW tender. The company has entered into a 12-year agreement with GUVNL, further strengthening its presence in India’s growing battery energy storage market.

With the latest GUVNL BESS order, Sun Drops Energia’s BESS portfolio has reached approximately 740 MW, compared with around 565 MW previously. The rapid expansion highlights the company’s growing focus on Battery Energy Storage Systems (BESS) alongside its renewable-energy business.

Sun Drops Energia has also delivered strong financial growth. Revenue increased from ₹4.79 crore in FY22 to ₹586 crore in FY26, while PBT rose from ₹1.17 crore to ₹130 crore. PAT increased from ₹0.88 crore to ₹97 crore during the same period. For FY27, management has guided for 50–60% revenue growth with an expected EBITDA margin of 25–30%.

India’s BESS market remains at an early stage, with less than 1 GW of operational utility-scale battery storage capacity. According to the CEA, India could require approximately 47 GW / 236 GWh of BESS capacity by FY2032, creating a potential investment opportunity of nearly ₹4.8 lakh crore across BESS and pumped-storage projects.

The BESS project pipeline further highlights the opportunity, with around 16 GW under construction, 12 GW already awarded and another 19 GW in the tendering stage. Against this backdrop, Sun Drops Energia’s 740 MW BESS portfolio provides an early foothold in a high-growth segment and gives the company a potentially significant long-term growth runway.

However, investors should closely monitor BESS project execution, financing requirements, commissioning timelines, order-book conversion and EBITDA margins as Sun Drops Energia continues to scale its energy-storage portfolio.