Amid surging capacity and rising competition, India’s renewable energy companies are diversifying beyond their core businesses to capture more of the value chain. Firms are expanding into areas such as battery storage, EPC and components to improve margins and strengthen valuations.

Amid surging capacity and rising competition, India’s renewable energy companies are diversifying beyond their core businesses to capture more of the value chain. Firms are expanding into areas such as battery storage, EPC and components to improve margins and strengthen valuations.