Corrit Energy & Infra, one of India's fastest-growing EPC companies in the field of Solar Energy, revealed a colossal 300% hike in queries for solar power installations following the first wave. This inclination towards harnessing solar power for everyday use can be attributed to a 50% increase in electricity costs experienced by the public, given the increased time spent at home.
Corrit Energy & Infra has closed an order book of over INR 20crs within the first five months of the current financial year despite losing two months to the lockdown. The company is also anticipating a 5x increase in the annual turnover compared to last year with a larger ticket size and order values. A movement towards green energy sources like solar energy can be seen in Tier 2 and Tier 3 cities, wherein awareness about the cost efficiency and long-term reliance on these sources is increasing rapidly.
Corrit Energy & Infra is currently executing projects in six cities, with NCR being the operations hub.
New Delhi, 26th August
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