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APS 15102024124513 InvestorPresentationIntimation

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APS 15102024124513 InvestorPresentationIntimation

Uploaded by

Piyush Rai
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You are on page 1/ 39

Date: October 15, 2024

To,
National Stock Exchange of India Limited
Exchange plaza,
Bandra-Kurla Complex, Bandra (E)
Mumbai – 400051

Dear Sir/Madam,

SUB: INVESTOR PRESENTATION FOR THE HALF YEAR ENDED 30th SEPTEMBER 2024

REF: TRADING SYMBOL: APS; ISIN: INE0P0001010

Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure
Requirements) Regulations, 2015, We are enclosing herewith Investor Presentation for the half year
ended 30th September 2024.

Kindly take the same on your records.

Thanking you,

Yours faithfully,

For Australian Premium Solar (India) Limited (Formerly Known as Australian Premium Solar
(India) Private Limited)

Dhavalkumar Digitally signed by


Dhavalkumar
Jayeshkumar Jayeshkumar Suthar
Date: 2024.10.15
Suthar 12:29:17 +05'30'
____________________________
Dhavalkumar Jayeshkumar Suthar
Whole time Director
DIN: 07556437

Encl: A/a

________________________________________________________________
Reg. Off: TAJPUR, NH-8, TA-PRANTJI, DIST: SABARKANTHA, GUJARAT, INDIA
CIN: L40300GJ2013PLC075244
Australian
Premium Solar
INVESTOR PRESENTATION

1
COMPANY
OVERVIEW

Investor Presentation 2
ABOUT THE COMPANY

Established in 2013, Australian Premium Solar (India) Limited is


an indigenous solar solutions provider, specializes in
manufacturing Monocrystalline and Topcon solar modules, as
well as offering EPC services for various applications.

The organization leverages its founders' international experience


in the solar industry to develop and produce high-quality, locally-
manufactured solar products.

The company's product range caters to residential, commercial,


industrial, and agricultural sectors, providing both solar panels
and installation services.

Investor Presentation 3
KEY METRICS

600 MW+ 12000+ 100% 350+


Current Manufacturing Successful Organic Sales Team Size
Capacity Installations

15+ 25+ 2300+ 15,000+ FY24


Total Revenue– 149.67cr.
Years of Experience No. of Stock Keeping Unit Agriculture SWP Projects Happy Customers
EBITDA– 9.98cr.
PAT- 6.15cr.

Investor Presentation 4
APS champions solar energy, aiming to be a global leader in sustainable
solutions that create long-term value for current and future generations
towards renewable energy VISION

APS addresses the global power crisis with targeted solar projects,
expanding applications in domestic, commercial, industrial as well
as agricultural sectors to "Make People's Lives Better."
MISSION

APS prioritize innovation, sustainability, and customer satisfaction,


delivering high-quality solar panels that empower communities and
drive a cleaner, greener future.
VALUES

Investor Presentation 5
KEY EVENTS/ MILESTONE

2015 2017
2013 2016 2018

–Acquired 16000 sq. mt.


–Incorporated as a private premises at Majra, Tajpur,
limited company. Gujrat to set up a new
–Received Salt- Mist & –Increased Ahmedabad
–Started setting up of 5MW –Started Trading Activities production line capacity production line .
Ammonia corrosion IEC
module production line in certification to 50 MW –Started retail division for
Kathwada, Ahmedabad , residential rooftop in
Gujrat Gujrat

–Registered in “approved
–Became Gujrat’s most
list of Modules &
–Conversion of our trusted & preferred manufacturers” published –Added a new
–Listed on NSE company from residential rooftop Solar by government of India. product to our
Private Limited to Company. Range – “APS Solar
Public Limited –Expanded the production
–Received environmental water Pump”
Company capacity to 200 MV at
testing IEC Certification Majra unit

2024 2022 2019


2023 2021

Investor Presentation 6
APPROVED CERTIFICATIONS/ QUALIFIED APPROVED

Certified with ISO 9001: 2015 by M/s. OSS Certification Services Private Limited for Quality Management

Investor Presentation 7
BUSINESS
OVERVIEW

Investor Presentation 8
BUSINESS MODULE

Manufacturing of Solar Panels EPC Services Other Products offered

Monocrystalline Solar Panels Installation Services for Solar Rooftop Solar Grid Inverters

N Type Topcon Installation Services for Solar Pump Solar Water Pumps

The only manufacturer offering both Solar panels and Inverters under its brand name
Investor Presentation 9
CERTIFICATIONS

ISO- 9001 Cert Signed_031 Salt mist Cert Signed_032 Ammonia Cert signed_033 Sand dust IEC – MONO Panels

Investor Presentation 10
PRODUCT PORTFOLIO (Residential Solar Rooftop)

Monocrystalline solar panels N-Type TopCon

Variants : Variants :
Mono 535w144C Topcon 560w to
Mono 540 w144C 600w 144C
Mono Bifacial Topcon 610w to
520w545C 650w 156C

Ranked No.1 Equipped with state-of-the-art, world-class technology, APS solar modules are designed for
optimal performance, even under adverse conditions.
In providing Rooftop solar panel solutions APS actively supports the "Make In India" campaign, aligning its mission with the
in Gujarat for the past two years. Government of India's initiative to promote domestic manufacturing.

Product Performance Efficiency


Made In India Size Panel Type
Warranty Warranty 15.50-23.06%
100% 250-600W Topcon & Mono
12* Years 30* Years

Investor Presentation 11
PRODUCT PORTFOLIO (1/2)

Solar Grid Inverter Leading Integrated Solar Grid Invertor


APS is a top choice for solar inverters in the Indian market, recognized for offering
high-quality, locally manufactured, grid-connected inverters for both residential and
commercial applications.

APS inverters are known for their proven efficiency, providing superior integration,
flexibility, and performance.

With a wide product range, APS offers single-phase to three-phase inverters.

The brand is highly regarded for its reliable and effective solar inverter solutions,
coupled with a strong commitment to after-sales service and an exclusive warranty
on all APS inverters.

Variants : Size
Warranty Efficiency Connectivity
Single Phase APS GTI 1.0 (1 KW To 6 KW)
Three Phase APS GTI 1.0 (5.5 KW To 10 KW) 10* Years 98.5% 1 kW to 110kW WiFi & GPRS
Three Phase APS GTI 1.0 (12 KW To 25 KW)
Three Phase APS GTI 1.0 (30 KW To 45 KW)
Three Phase APS GTI 1.0 (50 KW To 110 KW)

Investor Presentation 12
PRODUCT PORTFOLIO (2/2)

Solar Water Pumps Industry acclaimed Solar Water Pumps


APS provides solar-powered water pumps and these are a highly cost-
effective solution that enables people living/operating in these locations to
spend more time growing crops and making more money rather than
worrying about the water and power crisis.

The APS series solar pump is a state-of-art technology and designed to


provide an eco-friendly and energy efficient solution for pumping of water
from Bore-well, Open-well or for domestic applications driven by solar
energy.

Supply voltage MPPT Motor


range Efficiency Certification
Efficiency
90-360 VDC >95% MNRE
>84%

Investor Presentation 13
SERVICES

EPC Services Other Services (On Grid Rooftop Solutions)

Residential
Provide installation services for Rooftop solar
Expanding its on-grid residential solar systems across India, providing feasible solar solutions for
for residential and commercial usage.
commercial and residential customers.

Industrial & Commercial


Provide installation services for As industrial energy demands rise in India, APS offers state-of-the-art solar rooftop solutions
solar pump across country. to industrial as well as commercials to reduce reliance on the grid.

Investor Presentation 14
MANUFACTURING UNIT/ FACILITY

Location:
Gujarat -383205

Area:
Total 16,500 Sq.ft.
String Tapping , Soldering &
Solar Stringer Machine Glass Loader Machine
Cutting
Machinery:
New Hi-Tech

Total Capacity:
600MW annually

Utilization Capacity :
40-50% annually
Electroluminescence Test Machine Final Visual Inspection Junction Box Installation

Investor Presentation 15
MANAGEMENT
OVERVIEW

Investor Presentation 16
BRIEF PROFILE OF MANAGEMENT

Mr. Nikunjkumar Chimanlal Patel Mr. Chimanlal Ranchhodbhai Patel Mr. Dhaval Jayeshkumar Suthar
Chairman & Executive Director Non Executive Director Whole Time Director

Mr. Nikunjkumar Chimanlal Mr. Chimanbhai Mr. Dhaval Jayeshkumar


Patel aged 43 years is Ranchhodbhai Patel aged 69 Suthar aged 40 years is
Chairman and Executive years is Promoter-Non- Whole Time Director of the
Director of the Company. Executive Director of the company.
He holds Degree of Master of company. He holds the Degree of
Engineering from University He holds the Degree of Bachelor of Commerce from
of South Australia. Bachelor of Education (B.E) the Hemchandracharya North
He is having more than 10 from the Gujarat University. Gujarat University.
years in the Solar Industry. He He is having more than 9
He is having more than 8
plays key role in overall years of experience in the
years in the Solar Industry.
operation of the company. Solar industry.

Investor Presentation 17
BRIEF PROFILE OF MANAGEMENT

Mr. Chetan Babaldas Patel Ms. Anupriya Tripathi Mr. Kalpesh Virendra Vakharia Mr. Hitesh Nagdev
Independent Director Independent Director Chief Financial Officer ( CS & Compliance Officer )

Mr. Chetan Babaldas Patel Ms. Anupriya Tripathi aged Mr. Kalpesh Virendra Mr. Hitesh Nagdev holds
aged 46 years is an 33 years is an Independent Vakharia holds degree of degree of the Company
Independent Director of the Director of the company. Chartered Accountant Secretary from the
company. She holds the degree of from the Institute of Institute of Company
He holds the Degree of Company Secretary from Chartered Accountants of Secretaries of India.
Company Secretary from The Institute of Company India and also a Certified He is having experience of
the Institutes of the Secretaries of India. Public Accountant corporate laws, Securities
Company Secretaries of She has an Experience of (Australia). He is having Laws, Listing Regulations,
India. more than 2 years in the experience more than 10 Secretarial Management
He is having more than 21 field of Secretarial and years in Accounting, Audit guidance, Due Diligence,
years of experience in the compliance related & Finance associated Compliance Management,
field of secretarial and activities. activities. Merger-Acquisition, and
compliance related other Economic Laws.
activities. Also chairperson

Investor Presentation 18
INDUSTRY
OVERVIEW

Investor Presentation 19
GLOBAL SOLAR INDUSTRY

Global Solar PV Panels Market


(In USD Billions)

287.13

Market size and growth:

• Global solar PV panels market value: $183.53 billion in 2024


183.53 • Projected CAGR: 7.7% from 2024 to 2030
• Potential market value by 2030: $287.13 billion

Key drivers:
• Growing demand for renewable energy
• Government policies and incentives
• Commercial and industrial sectors benefiting from economies of scale
• Increasing residential installations due to net metering and energy
2024 2030 storage availability

Source : Grand View Research / Mordor Intelligence

Investor Presentation 20
INDIAN SOLAR INDUSTRY

Indian Solar PV Market


(In USD Billions)

13.69
11.75

8.5
7.31

India Solar Energy Market growth: Market segment leadership:

• Solar PV segment projected to have the


• CAGR of 19.80% expected during 2024-2029
largest market share

2023 2026 2028 2030


India solar PV panels market projections: Growth drivers:

Indian Solar PV Panels Market • Declining solar module costs


• 2023 market size: USD 7.31 billion • Versatility of solar systems (electricity
• 2024-2030 CAGR: 9.4% generation, water heating)
• 2030 projected market size: USD 13.69 Billion • Supportive policies, especially from MNRE,
boosting solar market growth

Industrial
Residential Key Highlights on Solar PV Developments
Commercial • India's solar capacity exceeds 50 GW, indicating a major shift towards renewable energy.
• Startups are developing affordable solar solutions to expand clean energy access.
• Solar tracking technology increases sunlight capture by up to 30%.
• Solar installations support India's renewable energy goals: 175 GW by 2022, revised to 500 GW by 2030.
• Local manufacturing of solar components is increasing, reducing import dependence.
Source : Grand View Research / IBEF / Fortune Business

Investor Presentation 21
INDIAN ROOFTOP SOLAR MARKET OVERVIEW

Overview of Rooftop Solar Industry Indian Rooftop Solar Market Trends

Indian Rooftop Solar


Market

34.99
In Gigawatts

14.82 The On-grid Segment is Expected to Dominate the Market

India’s Grid Connected Solar Rooftop Scheme aims for 40,000 MW by March 2026.

2024 2029 The Ministry launched Rooftop Solar Programme Phase-II for target achievement.
Key drivers:
The installed capacity of the India Rooftop Consumers can receive Central Financial Assistance for installing rooftop solar systems.
Solar Market is projected to increase from
14.82 gigawatts in 2024 to 34.99 gigawatts
by 2029, with a compound annual growth A National Portal launched in September 2023 simplifies rooftop solar installations.
rate (CAGR) of 18.73% during the forecast
period from 2024 to 2029.
On-grid solar provides long-term reliability amidst rising energy prices.
Source: https://www.mordorintelligence.com/industry-reports/india-rooftop-solar-market

Investor Presentation 22
INDIAN SOLAR INVERTERS MARKET OVERVIEW

Market Size (FY 2022-2023):


• Solar inverters market size was 2,520 MW.
• Grid-connected solar inverters (without storage) dominated the market (80%).
Market Projections:
• Expected to reach INR 9,352 crore (USD 1.1 million) by 2026.
• Projected CAGR of 14.4% from 2020 to 2026.
Environmental Impact:
• Potential energy savings of 21.1 billion kWh.
• Reduction in CO2 emissions by 15.1 million tons from 2024-2025 to 2033-2034.

https://www.clasp.ngo/research/all/market-assessment-report-for-solar-inverters-in-india/
Investor Presentation 23
INDIAN SOLAR PUMP MARKET OVERVIEW

Market Trends

• Technological Advancements: Continuous innovations in solar pumping systems are


enhancing efficiency, durability, and reliability, making solar pumps a viable
alternative to diesel/electric pumps.

• Smart Monitoring: Innovations like smart monitoring and control systems allow for
optimized water usage, remote performance tracking, and improved operational
efficiency.
• IoT Integration: Use of IoT and data analytics provides farmers with real-time insights
and decision-making tools.
• Government Support: Active promotion of solar pumps through initiatives such as the
PM-KUSUM scheme, which offers financial assistance and subsidies to farmers.

• Sustainability Focus: Aligns with government goals for enhancing agricultural


Market Size: Valued at USD 0.5 billion in 2022; projected to grow to USD 2.7 billion by 2032.
productivity, energy efficiency, and reducing the carbon footprint of agriculture.
CAGR: Expected compound annual growth rate (CAGR) of 15% from 2023 to 2032.

Source: https://www.marketresearchfuture.com/reports/india-solar-pump-market-16167
Investor Presentation 24
GOVERNMENT INITIATIVES

The Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) scheme is a government program that
provides subsidies to farmers to install solar irrigation pumps.

The scheme provides the following subsidies:

• Central government subsidy: • PM-KUSUM scheme aims to install 2 million


Up to 30% or 50% of the total cost for installing solar pumps and generate 27,000 MW from
standalone solar pumps or solarizing existing barren lands.
grid-connected agricultural pumps

• Tax incentives, including 80% depreciation


• Procurement Based Incentive (PBI): on solar assets, encourage business
40 paise/kWh or Rs. 6.60 lakhs/MW/year,
investment in renewable energy.
whichever is less

• CFA: • Atmanirbhar Bharat initiative promotes


30% of the benchmark cost or the tender cost, domestic manufacturing of solar
whichever is lower components to reduce imports.

• Government subsidies are promoting • India initiated the International Solar


rooftop solar installations across sectors, Alliance with 121 countries, targeting $1
targeting 40 GW capacity. trillion in solar energy investments.

Investor Presentation 25
FINANCIAL
OVERVIEW

Investor Presentation 26
REVENUE BIFURCATION FY24

Segment Revenue Bifurcation FY24 Geographical Reach


Himachal

71.33%

Rajasthan

Gujarat

26.41% Maharashtra

2.26%

Solar Water Pumps Retail Distribution Wholesale Allocation

Total Capacity:
In ₹ Cr
600MW annually
Sr. No. Particulars Amount
Currently, we are distributing to Gujrat, Maharashtra, Rajasthan,
1 Solar Water Pumps 3.39
Himachal, and other regions. We are now set to expand our reach
2 Solar Rooftop Installation 39.50
Utilization Capacity :
to include Ranchi, Tripura, and Jharkhand.
In % annually
3 Solar Pump Installation 106.67

Investor Presentation 27
PROFIT & LOSS STATEMENT
In ₹ Cr

Particulars FY24 FY23 FY22

Revenues 149.67 94.56 98.12

Other Income 0.64 0.40 0.21

Total Income 150.32 94.96 98.33

Raw Material Expenses 125.44 77.54 79.12

Employee costs 5.24 3.75 3.87

Other expenses 9.65 7.40 10.07

Total Expenditure 140.33 88.69 92.97

EBITDA 9.98 6.27 5.36

Finance Costs 0.26 0.41 0.29

Depreciation 1.47 1.30 1.41

PBT 8.25 4.56 3.66

Tax 2.10 1.26 0.95

PAT 6.15 3.30 2.70

EPS 3.12 2.29 1.86

Investor Presentation 28
BALANCE SHEET
In ₹ Cr

Equities & Liabilities FY24 FY23 FY22 Assets FY24 F23 FY22

Equity 19.74 0.02 0.02 Non Current Assets

Reserves & Surplus 28.34 14.60 11.11 Fixed assets 19.15 6.92 6.64

Other Non Current Financial Assets - - -


Net Worth 48.08 14.62 11.13
Deferred Tax Assets (Net) - - -
Non Current Liabilities
Other Non Current Assets - - 2.04
Non Current Borrowings 9.17 1.85 1.85
Total Non Current Assets 19.15 6.92 8.68
Total Non Current Liabilities 10.56 2.65 2.66
Current Assets
Current Liabilities
Inventories 4.27 4.71 6.48
Current Borrowings 0.34 0.38 1.15
Trade receivables 16.47 9.72 2.84
Trade Payables 16.40 18.74 14.47
Cash & Bank Balance 20.61 4.77 3.58
Current Tax Liabilities (Net) - - -
Other Current Financial Assets 19.82 13.03 1.55
Short Term Provisions 2.19 1.49 0.86 Current Tax Assets (Net) - - -
Other Current Liabilities 2.81 1.28 4.41 Other Current Assets 0.05 0.00 11.55

Total Current Liabilities 21.74 21.89 20.89 Total Current Assets 61.22 32.23 26.01

Total Liabilities 80.38 39.16 34.68 Total Assets 80.38 39.16 34.68

Investor Presentation 29
CASH FLOW STATEMENT

In ₹ Cr

Particulars FY24 FY23 FY22

Cashflow from Operations -5.34 1.98 2.67

Cashflow from Investments -13.42 -1.45 -0.57

Cashflow from Financing 34.60 -0.77 -0.59

Net Cash flow 15.84 -0.25 1.51

Opening Cash & Cash Equivalent 4.77 5.02 2.07

Closing Cash & Cash Equivalent 20.61 4.77 5.02

Investor Presentation 30
KEY FINANCIAL METRICS

In ₹ Cr In % In %
Total Revenue EBITDA PAT EBITDA Margin PAT Margin ROE ROCE

149.67
FY24 9.98 27.98
6.15 6.6
7 29.51
5.45
94.56 6.38
FY23 6.27 4.09 8.14 14.79
3.48
3.3 2.75 4.38
98.12
FY22 5.36
2.7
FY22 FY23 FY24 FY22 FY23 FY24

In In In ₹ In % In %
Interest Coverage Times Debt To Equity Times Book Value Current Ratio Capital Employeed

32.2 57.5
2.82
8 24.36 9
0.27
0.2 1.47
1.24
13.43 12.22 0.15
14.13 16.84
7.41
5.64

FY22 FY23 FY24 FY22 FY23 FY24 FY22 FY23 FY24 FY22 FY23 FY24 FY22 FY23 FY24

Investor Presentation 31
H1 FY25 FINANCIAL HIGHLIGHTS

In ₹ Cr Particulars H1 FY25 H1 FY24 Y-o-Y Growth

Total Revenue EBITDA PAT Net Sales 163.75 81.15


Other Income 0.48 0.12
164.24
Total Income 164.24 81.27 102.09%
Expenses
Raw material 133.55 69.63
Employee Benefit Expenses 4.27 2.16
Other Expenses 6.92 5.22
Total Expenditure 144.73 77.01

81.27
EBIDTA 19.51 4.26 357.71%
EBIDTA(%) 11.88 5.24 663.29 Bps
Interest 0.23 0.26
Depreciation 1.79 0.65
PBT 17.49 3.35
TAX Expense 4.41 0.74
19.51
13.08 PAT 13.08 2.61 401.56%
4.26 2.61
PATM(%) 7.96 3.21 475.54Bps
H1 FY24 H1 FY25 EPS(₹) 6.63 1.32 402.27%

Investor Presentation 32
H1 FY24 vs H1 FY25

Solar water pumps Retail Distribution Wholesale Allocation

1911% 33% 47%

Segment Revenue Bifurcation H1 FY24 Segment Revenue Bifurcation H1 FY25

67.53% 49.35%

31.35%
29.32%
19.30%

3.15%

Pumps Retail Wholesale Pumps Retail Wholesale

In ₹ Cr Total Capacity: In ₹ Cr
Sr. No. Particulars Amount Sr. No. Particulars 600MWAmount
annually
1 Solar Water Pumps 2.55 1 Solar Water Pumps 51.29
2 Retail Distribution 23.80 2 Retail Distribution 31.58Capacity :
Utilization
3 Wholesale Allocation 54.80 3 Wholesale Allocation In % annually
80.70

Investor Presentation 33
STOCK DATA
As on 14-10-2024 As on 14-10-2024

BSE: Shareholding Pattern


Share Price ₹ 518.00
4.86
Market Capitalization ₹ Cr 1023.00
21.49 Promoter & Promoter Group
No. of Share Outstanding 19,740,000
Public
Face Value ₹ 10.00
FIIs & DIIs
52 Week High ₹ 670.00 73.64

52 Week Low ₹ 140.00

Share Performance From 18th Jan 2024 till Date


Volume Price
120000 Total Capacity: 700
100000 600MW annually 600
500
80000
400
60000
300
40000
Utilization Capacity : 200
20000
In % annually 100
0 0

Source: NSE

Investor Presentation 34
THE WAY
FORWARD

Investor Presentation 35
PAVING WAY TO SUCCESS

Growth Product Manufacturing Supply chain Geographic Financial


Market diversification diversification
projections capacity expansion strategy
position

•Solar pumps •Incorporating •Currently near


Projected
•Leading solar expected to •Upgraded local suppliers for •Moving beyond debt-free status
Revenue & PAT
solutions provider contribute 30% of production raw materials Gujarat
CAGR of 75% for
FY25 & FY26 in Gujarat revenue by FY25 capabilities •Aim to maintain
•Balancing •New markets: low debt levels
respectively
•Potential •Targeting higher •Tripled installed international Maharashtra,
expansion into profit margins capacity from sourcing Haryana, Jharkhand,
the Australian through this 200 MW to 600 Tripura
market product line MW annually

Investor Presentation 36
IGNITING GROWTH: UNLEASHING NEW OPPORTUNITIES

New Manufacturing Unit : Expanding EPC vertical


Acquired 3.5 acres for a new manufacturing We derive 67.71% of our revenue from
facility dedicated to Topcon solar panels, solar module manufacturing, but plan
featuring a capacity of 250 MW and set to be to aggressively expand EPC services
operational by the end of FY25. for higher margins.

New Vertical Integration Seizing Opportunities in Solar Pump Market


In the next 18 to 24 months, we plan to begin This growth is charged by government
solar cell manufacturing, with APS holding a initiatives and increased rural adoption,
majority share. This initiative represents a with applications in irrigation and
crucial step toward complete vertical wastewater treatment. We anticipate our
integration, significantly enhancing our solar pump segment will rise from a single-
production capabilities and solidifying our digit contribution in FY23 to around 30% of
our revenue by FY25
position in the renewable energy market.
.

Improve Domestic Presence Export Opportunities


We plan to introduce new products Preliminary steps are underway to
and expand our EPC vertical, targeting explore export opportunities in the
new Indian geographies for solar U.S. and nearby countries
pumps.

Investor Presentation 37
THANKYOU

Australian Premium Solar Confideleap Partners


At & Post: TAJPUR, NH-08, 103-8, Lodha Eternis, MIDC,
PRANTIJ, DIST : Sabarkantha, Andheri East, Mumbai,
Gujarat 383205, India Maharashtra, INDIA – 400093
Phone: 1800 313 5052 Phone: +91 9819156553
Email: sales@australianpremiumsolar.co.in Email: Info@confideleap.com
Website: australianpremiumsolar.co.in Website: www.confideleap.com

38

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