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Residential rooftop solar scheme presents over INR 1 trillion opportunity for component manufacturers

Residential rooftop solar scheme PM Surya Ghar Muft Bijli Yojana (PM-SGMBY) has the potential to catalyze an INR 1.2 trillion ecosystem, with PV module, inverter, mounting equipment, and electrical component manufacturers as the primary beneficiaries alongside project developers and EPC players, says a new report by SBICAPS.

Clean Electric unveils 15-minute universal and interoperable EV charging technology at Bharat Mobility Expo 2025

Clean Electric has partnered with Bounce and Omega Seiki Mobility to integrate its charging system across different EV categories.

Premier Energies secures INR 1,460-crore order for solar cells and modules

Premier Energies has secured multiple domestic orders aggregating to INR 1,460 crore for supply of solar cells and modules.

Vikram Solar wins 1 GW PV module supply order

Vikram Solar will supply n-type TOPCon glass-to-glass PV modules for JSW Neo Energy Ltd’s renewable energy projects the Indian states of Karnataka, Gujarat and Rajasthan

Government mulling incentives for battery cell component manufacturing

India can become self-reliant in battery cell manufacturing if lithium remains in the country through recycling and used in batteries once again, added Vijay Mittal, Joint Secretary, Ministry of Heavy Industries, at the 4th India Battery Manufacturing and Supply Chain Summit 2025.

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Sterling and Wilson Renewable Energy Q3 revenue up 215% YoY

Sterling and Wilson Renewable Energy has posted consolidated revenue of INR 1,837 crore and profit before tax of INR 41 crore in the third quarter of FY 2025.

Waaree Renewable Technologies posts nine-month revenue of INR 1,121.17 crore

Waaree Renewable Technologies has reported a revenue of INR 1,121.17 crore for nine-months ended on Dec. 31, 2024, 85.87% up year-on-year.

BPCL ropes in Volks Energie for LFP-Based solar storage plants 

Bharat Petroleum Corp. Ltd (BPCL) has entrusted Volks Energie with deployment of a cumulative solar capacity of 280 kW backed with lithium ferro phosphate (LFP) battery storage of 1.6 MWh for its oil and gas pipeline network. The solar-plus-storage capacity will be equally distributed across 14 strategic locations in Andhra Pradesh and Telangana.

Exide Industries invests INR 149.99 crore in lithium battery arm

Exide Industries Ltd has made equity investment of INR 149.99 crore, on rights basis, in Exide Energy Solutions. The investment will fund Exide Energy Solutions’ greenfield lithium battery plant in Bengaluru and meet its various funding requirements.

Hartek secures the largest rooftop solar plant in Jammu & Kashmir

Hartek Group has won the complete EPC order for an 8 MW rooftop solar plant in Jammu & Kashmir. The project has been awarded by Kandhari Beverages.

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