India is estimated to generate over 11 million tonnes of solar waste by 2047. Recycling could meet up to 38% of India’s future solar material needs.
SAEL Industries Ltd has filed its Draft Red Herring Prospectus with market regulator Securities and Exchange Board of India (SEBI) to raise up to INR 4,575 crore through initial public offerings.
Launched under the S6-EH3P series, its 125 kW smart string hybrid inverter for C&I solar systems integrates battery smart charging/discharging (PCS), PV inversion, on-grid/off-grid and genset switching (STS), and a smart energy management system into a single compact unit.
Saatvik Green Energy has secured orders aggregating to INR 299.40 crore for supply of n-type TOPCon solar PV modules. The supply of modules is scheduled from Dec. 2025 to March 2026.
Adani New Industries Ltd (ANIL) has reported 2,443 MW of solar PV module sales for the first half of fiscal year 2026 (H1 FY26), up from 2,380 MW in the same period last year (H1 FY25).
Alpex Solar Ltd has reported consolidated operational revenue of INR 903.24 crore in H1 FY26, up 241% from INR 265.13 crore in H1 FY 2025. Net profit rose 283% YoY to INR 94.95 crore.
Avaada ‘Halo’ hybrid battery inverter—designed, developed, and manufactured entirely in India—is both scalable and stackable. It is available in 3 kW, 5 kW, and 10 kW configurations, making it suitable for residential, commercial, and small industrial (C&I) applications.
India’s solar module manufacturing capacity is expected to reach 215–220 GWp by FY28, driven by strong policy support, growing domestic demand, and export opportunities, according to a new report by CareEdge Ratings. The country’s solar cell manufacturing capacity is also projected to rise sharply to around 100 GWp by FY28.
Jharkhand’s vast renewable energy potential, combined with its industrial base and critical mineral reserves, positions the state to emerge as a hub for low-carbon manufacturing, ranging from EVs, solar panels and battery energy storage systems (BESS) to green hydrogen production.
Vikas Bansal, President and CEO – International, GameChange Solar, expects that 55–60% of India’s new utility-scale solar capacity additions in FY 2027 will use trackers — a significant jump from the current 30–35% adoption rate.
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