Category Archives: Case Studies

Executive Summary A Maharashtra-based steel manufacturer was presented with a 120 MWp Open Access Solar project under a Group Captive structure. The paper returns were staggering: a 91.49% IRR on equity and ₹2.89/unit in direct savings. Yet, when the CFO asked for a ₹37.49 Cr equity investment, the Board refused to approve it. They didn’t […]

Executive Summary A Tamil Nadu-based pharmaceutical manufacturer was on the verge of signing a Wind-Solar Hybrid PPA, enticed by a projected ₹3.54-unit saving and a payback period of less than 12 months. While the paper returns looked incredible, the Managing Director paused before taking the note to the Board. He couldn’t verify exactly how the […]

Executive Summary A Tamil Nadu-based steel manufacturer with a 50 MVA Contract Demand was bleeding margins through a massive ₹256.8 Crore annual electricity bill. Facing European export bans on “Black Power” and aggressive ESG demands from investors, the CFO was mandated to switch to Renewable Energy. He was 24 hours away from signing a “cheap” […]

Solar CAPEX at ₹1.55 vs Wind-Solar Hybrid at ₹4.94 in Gujarat. Why I stopped a Pharma CFO from making a ₹32 Crore mistake. It sounds like a Financial Disaster. I told the CFO of a Gujarat-based Pharma giant that his plan to sign a Solar CAPEX deal at ₹1.55/kWh was a trap. On paper, it […]

The L1 Trap: Why I Forced a CFO to Pay ₹0.34 EXTRA Per Unit (And Invest ₹35 Lakhs MORE) “It sounds like Financial Suicide.” That is exactly what the CFO of a leading Automotive Company in Rajasthan told me last week. He was holding two proposals in his hand. One offered Solar at ₹3.60. The […]