The Group’s subsidiaries along with the proportion of ownership interests and the voting rights held by the immediate holding company are disclosed below. The country of incorporation is also their principal place of business.


			Country of	As at March 31,
S.No	Name of companies	Immediate holding company	incorporation	2024			2025
1	ReNew Private Limited	ReNew Energy Global Plc	India		94	%		94	%
2	ReNew Solar Power Private Limited	ReNew Private Limited	India		100	%		100	%
3	ReNew Green Energy Solutions Private Limited( previously known as ReNew Wind Energy (Jath Three) Private Limited)	ReNew Private Limited	India		100	%		100	%
4	ReNew Fazilka Solar Power Private Limited	ReNew Solar Power Private Limited	India		100	%		100	%
5	ReNew Transmission Ventures Private Limited	ReNew Private Limited	India		100	%		100	%
6	ReNew Power International Limited	ReNew Private Limited	United Kingdom		100	%		100	%
7	RMG Acquisition Corp II	ReNew Energy Global Plc	Cayman Islands		100	%		100	%
8	India Clean Energy Holdings	ReNew Energy Global Plc	Mauritius		100	%		100	%
9	Diamond II Limited	ReNew Energy Global Plc	Mauritius		100	%		100	%
10	ReNew Wind Energy (Jath) Limited	ReNew Private Limited	India		100	%		100	%
11	ReNew Wind Energy (Karnataka) Private Limited	ReNew Green Energy Solutions Private Limited	India		71	%		70	%
12	ReNew Wind Energy (AP) Private Limited	ReNew Green Energy Solutions Private Limited	India		66	%		73	%
13	ReNew Solar Energy (Jharkhand Three) Private Limited	ReNew Solar Power Private Limited	India		51	%		51	%
14	ReNew Solar Energy (Telangana) Private Limited	ReNew Solar Power Private Limited	India		100	%		100	%
15	ReNew Surya Alok Private Limited	ReNew Green Energy Solutions Private Limited	India		69	%		69	%
16	ReNew Sunlight Energy Private Limited	ReNew Green Energy Solutions Private Limited	India		63	%		63	%
17	ReNew Surya Uday Private Limited	ReNew Green Energy Solutions Private Limited	India		74	%		74	%
18	ReNew Energy Markets Private Limited (Formerly known as ReNew Vayu Power Private Limited)	ReNew Private Limited	India		100	%		100	%
19	ReNew Photovoltaics Private Limited (Formerly known as ReNew Saksham Urja Private Limited)%	ReNew Shakti Four Private Limited	India		100	%		100	%
20	ReNew E-Fuels Private Limited	ReNew Private Limited	India		100	%		100	%
21	ReNew Jal Urja Private Limited	ReNew Power Services Private Limited	India		100	%		100	%
22	ReNew Wind Energy (Welturi) Private Limited	ReNew Private Limited	India		100	%		100	%
23	ReNew Wind Energy (Devgarh) Private Limited	ReNew Private Limited	India		100	%		100	%
24	ReNew Wind Energy (Rajkot) Private Limited	ReNew Private Limited	India		100	%		100	%
25	ReNew Wind Energy Delhi Private Limited	ReNew Private Limited	India		100	%		100	%
26	ReNew Wind Energy (Shivpur) Private Limited	ReNew Private Limited	India		100	%		100	%
27	ReNew Wind Energy (Jadeswar) Private Limited	ReNew Private Limited	India		100	%		100	%
28	ReNew Wind Energy (Varekarwadi) Private Limited	ReNew Private Limited	India		100	%		100	%
29	ReNew Wind Energy (MP) Private Limited	ReNew Private Limited	India		100	%		100	%
30	ReNew Wind Energy (AP 3) Private Limited	ReNew Private Limited	India		100	%		100	%
31	ReNew Wind Energy (MP Two) Private Limited	ReNew Private Limited	India		100	%		100	%
32	ReNew Wind Energy (Rajasthan One) Private Limited	ReNew Private Limited	India		100	%		100	%
33	ReNew Wind Energy (Jamb) Private Limited^	ReNew Private Limited	India		100	%		100	%
34	ReNew Wind Energy (Orissa) Private Limited	ReNew Private Limited	India		100	%		100	%
35	ReNew Wind Energy (TN) Private Limited	ReNew Private Limited	India		100	%		100	%
36	ReNew Wind Energy (AP2) Private Limited	ReNew Private Limited	India		100	%		100	%
37	ReNew Wind Energy (Karnataka Two) Private Limited	ReNew Private Limited	India		100	%		100	%
38	ReNew Wind Energy (Vaspet 5) Private Limited	ReNew Private Limited	India		100	%		100	%
39	ReNew Wind Energy (AP 4) Private Limited	ReNew Private Limited	India		100	%		100	%
40	ReNew Wind Energy (MP One) Private Limited	ReNew Private Limited	India		100	%		100	%
41	ReNew Wind Energy (Karnataka Five) Private Limited	ReNew Private Limited	India		100	%		100	%
42	Narmada Wind Energy Private Limited	ReNew Private Limited	India		100	%		100	%
43	Abaha Wind Energy Developers Private Limited	ReNew Private Limited	India		100	%		100	%
44	Helios Infratech Private Limited	ReNew Private Limited	India		100	%		100	%
45	Shruti Power Projects Private Limited	ReNew Private Limited	India		100	%		100	%
46	Kanak ReNewables Limited	ReNew Private Limited	India		100	%		100	%
47	Ostro Raj Wind Private Limited	Ostro Energy Private Limited	India		100	%		100	%
48	Ostro Madhya Wind Private Limited	Ostro Energy Private Limited	India		100	%		100	%
49	Ostro Anantapur Private Limited	Ostro Energy Private Limited	India		100	%		100	%
50	Bidwal Renewable Private Limited	ReNew Private Limited	India		100	%		100	%


			Country of	As at March 31,
S.No	Name of companies	Immediate holding company	incorporation	2024			2025
111	ReNew Solar (Shakti Two) Private Limited	ReNew Vikram Shakti Private Limited	India		100	%		100	%
112	ReNew Solar (Shakti Three) Private Limited	ReNew Solar Power Private Limited	India		100	%		100	%
113	ReNew Solar (Shakti Four) Private Limited	ReNew Private Limited	India		100	%		100	%
114	ReNew Solar (Shakti Five) Private Limited	ReNew Solar Power Private Limited	India		100	%		100	%
115	ReNew Solar (Shakti Six) Private Limited	ReNew Solar Power Private Limited	India		100	%		100	%
116	ReNew Solar (Shakti Seven) Private Limited	ReNew Solar Power Private Limited	India		100	%		100	%
117	ReNew Solar (Shakti Eight) Private Limited	ReNew Solar Power Private Limited	India		100	%		100	%
118	ReNew Green (MHH One) Private Limited	ReNew Green Energy Solutions Private Limited	India		100	%		69	%
119	ReNew Green (MHP One) Private Limited	ReNew Green Energy Solutions Private Limited	India		100	%		100	%
120	ReNew Green (TNJ One) Private Limited	ReNew Green Energy Solutions Private Limited	India		100	%		100	%
121	ReNew Green (GJS One) Private Limited	ReNew Green Energy Solutions Private Limited	India		69	%		69	%
122	ReNew Green (GJS Two) Private Limited	ReNew Green Energy Solutions Private Limited	India		69	%		69	%
123	ReNew Green (MHK Two) Private Limited	ReNew Green Energy Solutions Private Limited	India		100	%		69	%
124	ReNew Sandur Green Energy Private Limited (formerly known as 'ReNew Green (KAK One) Private Limited')	ReNew Green Energy Solutions Private Limited	India		51	%		51	%
125	ReNew Green (GJS Three) Private Limited	ReNew Green Energy Solutions Private Limited	India		74	%		74	%
126	ReNew Green (GJ five) Private Limited	ReNew Green Energy Solutions Private Limited	India		69	%		69	%
127	ReNew Green (GJ Six) Private Limited	ReNew Green Energy Solutions Private Limited	India		69	%		69	%
128	ReNew Green (GJ seven) Private Limited	ReNew Green Energy Solutions Private Limited	India		69	%		69	%
129	ReNew Green (MHK One) Private Limited	ReNew Green Energy Solutions Private Limited	India		100	%		100	%
130	ReNew Green (MHP Two) Private Limited	ReNew Green Energy Solutions Private Limited	India		74	%		100	%
131	ReNew Green (TNJ Two) Private Limited	ReNew Green Energy Solutions Private Limited	India		100	%		100	%
132	ReNew Green (MPR Two) Private Limited	ReNew Green Energy Solutions Private Limited	India		55	%		55	%
133	ReNew Green (KAK Two) Private Limited	ReNew Green Energy Solutions Private Limited	India		74	%		74	%
134	ReNew Green (KAK Three) Private Limited	ReNew Green Energy Solutions Private Limited	India		100	%		100	%
135	ReNew Green (MHS One) Private Limited	ReNew Green Energy Solutions Private Limited	India		74	%		74	%
136	ReNew Green (GJ Ten) Private Limited	ReNew Green Energy Solutions Private Limited	India		69	%		69	%
137	ReNew Green (GJ Eleven) Private Limited	ReNew Green Energy Solutions Private Limited	India		100	%		100	%
138	ReNew Green (GJ Twelve) Private Limited	ReNew Green Energy Solutions Private Limited	India		100	%		100	%
139	ReNew Green (GJ Thirteen) Private Limited	ReNew Green Energy Solutions Private Limited	India		100	%		100	%
140	ReNew Green (KAK Four) Private Limited	ReNew Green Energy Solutions Private Limited	India		100	%		100	%
141	ReNew Green (MPR Three) Private Limited	ReNew Green Energy Solutions Private Limited	India		69	%		69	%
142	ReNew Green (MPR Four) Private Limited	ReNew Green Energy Solutions Private Limited	India		100	%		100	%
143	ReNew Green (TN Three) Private Limited	ReNew Green Energy Solutions Private Limited	India		100	%		100	%
144	ReNew Green (TN Four) Private Limited	ReNew Green Energy Solutions Private Limited	India		100	%		100	%
145	ReNew Green (CGS Two) Private Limited	ReNew Green Energy Solutions Private Limited	India		100	%		100	%
146	ReNew Nizamabad Power Private Limited	ReNew Fazilka Solar Power Private Limited	India		100	%		100	%
147	ReNew Warangal Power Private Limited	ReNew Fazilka Solar Power Private Limited	India		100	%		100	%
148	ReNew Narwana Power Private Limited	ReNew Fazilka Solar Power Private Limited	India		100	%		100	%
149	Sunworld Solar Power Private Limited	ReNew Fazilka Solar Power Private Limited	India		100	%		100	%
150	Neemuch Solar Power Private Limited	ReNew Fazilka Solar Power Private Limited	India		100	%		100	%
151	Purvanchal Solar Power Private Limited	ReNew Fazilka Solar Power Private Limited	India		100	%		100	%
152	Rewanchal Solar Power Private Limited	ReNew Fazilka Solar Power Private Limited	India		100	%		100	%
153	ReNew Medak Power Private Limited	ReNew Fazilka Solar Power Private Limited	India		100	%		100	%
154	ReNew Ranga Reddy Solar Power Private Limited	ReNew Fazilka Solar Power Private Limited	India		100	%		100	%
155	ReNew Karimnagar Power Private Limited	ReNew Fazilka Solar Power Private Limited	India		100	%		100	%
156	ReNew Solar Photovoltaic Private Limited (formerly known as 'ACME Photovoltaic Solar Private Limited')	ReNew Solar Power Private Limited	India		49	%		49	%
157	Renew Green Shakti Private Limited (formerly known as 'ACME Green Shakti Private Limited')	ReNew Solar Power Private Limited	India		100	%		100	%
158	ReNew Vikram Shakti Private Limited	ReNew Private Limited	India		100	%		100	%
159	ReNew Tapas Urja Private Limited	ReNew Private Limited	India		100	%		100	%
160	ReNew Green (GJ Nine) Private Limited	ReNew Green Energy Solutions Private Limited	India		69	%		69	%
161	ReNew Green (CGS One) Private Limited	ReNew Green Energy Solutions Private Limited	India		100	%		100	%
162	ReNew Green (MPR One) Private Limited	ReNew Green Energy Solutions Private Limited	India		100	%		100	%
163	ReNew Vidyut Tej Private Limited	ReNew Private Limited	India		100	%		100	%
164	ReNew Vidyut Shakti Private Limited	ReNew Solar Power Private Limited	India		100	%		100	%
165	ReNew Power Synergy Private Limited	ReNew Private Limited	India		100	%		100	%
166	Koppal- Narendra Transmission Limited*	ReNew Transmission Ventures Private Limited	India		51	%		51	%
167	ReNew Solar (Shakti Nine) Private Limited	ReNew Solar Power Private Limited	India		100	%		100	%
168	ReNew Solar (Shakti Ten) Private Limited	ReNew Solar Power Private Limited	India		100	%		100	%
169	ReNew Solar (Shakti Eleven) Private Limited	ReNew Solar Power Private Limited	India		100	%		100	%
170	ReNew Solar (Shakti Twelve) Private Limited	ReNew Solar Power Private Limited	India		100	%		100	%


			Country of	As at March 31,
S.No	Name of companies	Immediate holding company	incorporation	2024			2025
171	ReNew Solar (Shakti Thirteen) Private Limited	ReNew Solar Power Private Limited	India		100	%		100	%
172	IB Vogt Solar Seven Private Limited	ReNew Solar Power Private Limited	India		49	%		49	%
173	Corneight Parks Private Limited	ReNew Solar Power Private Limited	India		100	%		100	%
174	Climate Connect Digital Limited (refer Note 36)	Regent Climate Connect Knowledge Solutions Private Limited	United Kingdom		100	%		-
175	India ReNew Energy Limited	ReNew Energy Global Plc	Mauritius		100	%		100	%
176	ReNew Green (GJ Fourteen) Private Limited	ReNew Green Energy Solutions Private Limited	India		100	%		100	%
177	ReNew Green (GJ Fifteen) Private Limited	ReNew Green Energy Solutions Private Limited	India		100	%		100	%
178	ReNew Green (MHS Two) Private Limited	ReNew Green Energy Solutions Private Limited	India		100	%		100	%
179	ReNew Green (MHS Three) Private Limited	ReNew Green Energy Solutions Private Limited	India		100	%		100	%
180	ReNew Green (UP One) Private Limited	ReNew Solar Power Private Limited	India		100	%		100	%
181	ReNew Green (HPR One) Private Limited	ReNew Solar Power Private Limited	India		100	%		100	%
182	ReNew Green (KAK Five) Private Limited	ReNew Green Energy Solutions Private Limited	India		100	%		100	%
183	ReNew Green (MHP Four) Private Limited	ReNew Green Energy Solutions Private Limited	India		100	%		100	%
184	Gadag II-A Transmission Limited*	ReNew Transmission Ventures Private Limited	India		100	%		51	%
185	ReNew Power Services Private Limited$	ReNew Private Limited	India		100	%		100	%
186	Ostro Energy Private Limited	ReNew Power Services Private Limited	India		100	%		100	%
187	Ostro ReNewables Private Limited	Ostro Energy Private Limited	India		100	%		100	%
188	Ostro Urja Wind Private Limited	Ostro Energy Private Limited	India		100	%		100	%
189	Ostro Mahawind Power Private Limited	Ostro Energy Private Limited	India		100	%		100	%
190	ReNew Wind Energy (MP Three) Private Limited	ReNew Solar Power Private Limited	India		100	%		100	%
191	Renew Surya Vihaan Private Limited	ReNew Solar Power Private Limited	India		100	%		100	%
192	ReNew Tej Shakti Private Limited	ReNew Private Limited	India		100	%		100	%
193	ReNew Urja Shachar Private Limited	ReNew Private Limited	India		100	%		100	%
194	ReNew Green (GJ Four) Private Limited	ReNew Green Energy Solutions Private Limited	India		69	%		69	%
195	ReNew Green (GJ Eight) Private Limited	ReNew Green Energy Solutions Private Limited	India		69	%		69	%
196	Gadag Transmission Limited*	ReNew Transmission Ventures Private Limited	India		51	%		51	%
197	Renew Green (MHP Three) Private Limited	ReNew Green Energy Solutions Private Limited	India		100	%		100	%
198	Aalok Solarfarms Limited	Ostro Energy Private Limited	India		100	%		100	%
199	Abha Solarfarms Limited	Ostro Energy Private Limited	India		100	%		100	%
200	Shreyas Solarfarms Limited	Ostro Energy Private Limited	India		100	%		100	%
201	Heramba Renewables Limited	Ostro Energy Private Limited	India		100	%		100	%
202	ReNew Wind Energy (Rajasthan) Private Limited	ReNew Private Limited	India		100	%		100	%
203	Prathamesh Solarfarms Limited	Ostro Energy Private Limited	India		100	%		100	%
204	AVP Powerinfra Private Limited	Ostro Energy Private Limited	India		100	%		100	%
205	Badoni Power Private Limited	Ostro Energy Private Limited	India		100	%		100	%
206	ReNew Vayu Urja Private Limited	ReNew Private Limited	India		100	%		100	%
207	ReNew Wind Energy (Rajasthan Four) Private Limited	ReNew Solar Power Private Limited	India		100	%		100	%
208	Pugalur Renewable Private Limited	ReNew Private Limited	India		100	%		100	%
209	ReNew Wind Energy (Rajasthan 2) Private Limited^	ReNew Private Limited	India		100	%		100	%
210	ReNew Wind Energy (Sipla) Private Limited	ReNew Private Limited	India		100	%		100	%
211	Molagavalli Renewable Private Limited	ReNew Private Limited	India		100	%		100	%
212	Regent Climate Connect Knowledge Solutions Private Limited	ReNew Private Limited	India		100	%		100	%
213	ReNew Surya Jyoti Private Limited	ReNew Green Energy Solutions Private Limited	India		100	%		100	%
214	ReNew Surya Pratap Private Limited	ReNew Surya Vihaan Private Limited	India		100	%		100	%
215	ReNew Vayu Energy Private Limited	ReNew Private Limited	India		100	%		100	%
216	Ostro Rann Wind Private Limited	Ostro Energy Private Limited	India		100	%		100	%
217	Ostro Bhesada Wind Private Limited^	Ostro Energy Private Limited	India		100	%		100	%
218	Ostro Dhar Wind Private Limited	Ostro Energy Private Limited	India		100	%		100	%
219	Ostro Alpha Wind Private Limited	ReNew Green Energy Solutions Private Limited	India		73	%		74	%
220	Ostro AP Wind Private Limited	Ostro Energy Private Limited	India		100	%		100	%
221	Ostro Andhra Wind Private Limited	Ostro Energy Private Limited	India		100	%		100	%
222	Ostro Kannada Power Private Limited	Ostro Energy Private Limited	India		100	%		100	%
223	Ostro Dakshin Power Private Limited	Ostro Energy Private Limited	India		100	%		100	%
224	Ostro Jaisalmer Private Limited	Ostro Energy Private Limited	India		100	%		100	%
225	Ostro Kutch Wind Private Limited	Ostro Energy Private Limited	India		100	%		100	%
226	Renew Akshay Urja Limited	Renew Solar Power Private Limited	India		100	%		100	%
227	ReNew Surya Ojas Private Limited	Renew Solar Power Private Limited	India		51	%		51	%
228	ReNew Solar Energy (Jharkhand Four) Private limited	Renew Solar Power Private Limited	India		100	%		100	%
229	Rajat ReNewables Limited	ReNew Private Limited	India		100	%		100	%
230	ReNew Wind Energy (Rajasthan 3) Private Limited	ReNew Private Limited	India		100	%		100	%

The non-controlling interests (excluding those having put option to be settled in cash) that are material to the Group primarily relates to RPL wherein Canada Pension Plan Investment Board holds an economic interest by virtue of its shareholding of 3.11% amounting to INR 4,144 as at March 31, 2025 (March 31, 2024: 3.11% amounting to INR 3,910) (refer (i) below).

There are certain other subsidiaries in the Group (refer Note (a) above) with non-controlling interests but these are not considered individually material to the Group and hence no disclosures have been made related to these subsidiaries.

The table below shows summarised consolidated financial information of RPL:

(i) Consolidated statement of financial position


	As at March 31,
	2024		2025		2025
	(INR)		(INR)		(USD)
Non-current assets		768,021		837,809		9,807
Current assets		103,582		117,726		1,378
Non-current liabilities		590,592		610,762		7,149
Current liabilities		142,619		196,895		2,305
Non-controlling interests (not considered individually material)		12,679		14,473		169
Equity attributable to equity holders of the parent		125,713		133,405		1,562

Attributable to:
Equity holders of the parent		121,803		129,261		1,513
Non-controlling interests		3,910		4,144		49

(ii) Consolidated statement of profit or loss and other comprehensive income


	For the year ended March 31,
	2024			2025			2025
	(INR)			(INR)			(USD)
Revenue		81,319			97,063			1,136
Other income		14,489			12,135			142
Expenses		88,508			102,623			1,201
Profit for the year		7,300			6,575			77
Other comprehensive loss for the year, net of tax		(2,169	)		(22	)		(0	)
Total comprehensive income for the year, net of tax		5,131			6,553			77

Profit for the year attributable to:
Non-controlling interests (pertains to subsidiaries not considered individually material to the Group)		341			408			5
Equity holders of the parent		6,959			6,167			72
		7,300			6,575			77
Attributable to:
Equity holders of the parent		6,542			5,798			68
Non-controlling interests		417			369			4

Total comprehensive income attributable to:
Non-controlling interests (pertains to subsidiaries not considered material to the Group)		288			378			4
Equity holders of the parent		4,843			6,175			72
		5,131			6,553			77
Attributable to:
Equity holders of the parent		4,504			5,743			67
Non-controlling interests (including liability for put options with non-controlling interests)		339			432			5