Uma Gupta
Unlocking renewable energy in Chhattisgarh
Chhattisgarh’s energy sector received over INR 16,672 crore in government support in fiscal year 2024, with fossil fuel subsidies outweighing clean energy support four times. Clear net-zero targets can help government revenues shift from fossil to clean energy, says an analysis by the International Institute for Sustainable Development and Swaniti Initiative.
Solar module overcapacity to spur consolidation among smaller players: ICRA
ICRA says that India’s solar manufacturing segment is likely to face an overcapacity scenario, with annual solar capacity additions expected at 45–50 GW (DC) against an annual solar module production capacity of 60–65 GW — leading to consolidation among smaller or pure-play module manufacturers.
Saatvik Green Energy reports 146% surge in H1 profit
Saatvik Green Energy’s H1 FY26 revenue from operations more than doubled to INR 16,838 million from INR 7,213 million in H1 FY25. H1 FY26 profit after tax (PAT) surged over 146% YoY to INR 2,021 million compared to INR 823 million in H1 FY25.
RSWM partners with Adani Energy Solutions for 60 MW renewable energy supply to its plants
Textile manufacturer RSWM has signed an agreement with Adani Energy Solutions Ltd. (AESL) for supply of 60 MW of renewable energy to its manufacturing facilities across Rajasthan. The power will be supplied from a group captive project.
Solar module recycling offers an INR 3,709 crore market opportunity in 2047: CEEW
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 plans INR 4,575 crore IPO; files draft papers with SEBI
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.
Solis launches 125 kW hybrid inverter for C&I solar applications
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 secures INR 299.40 crore solar module order
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.
ANIL reports 2.4 GW solar module sales in first half of FY26
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 H1 profit surges 283% YoY to INR 94.95 crore
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.
