India adds record 1.7 GW solar rooftop capacity in 2021

12 Mar 2022 CW Team

According to a Mercom India Research report, India added a 1.7 GW solar rooftop in 2021, the highest-ever recorded in a year. Solar installations were up by 138% compared to 2020.

Residential and commercial rooftop solar capacity accounted for 35% and 33% of installed rooftop solar capacity, respectively, in 2021.

The government segment accounted for 6% of total installations, while the industrial segment accounted for 26%.

In the fourth quarter (Q4) of 2021, the country installed 402 MW of new rooftop installations, a 10% decrease quarter-on-over-year (QoQ) from 448 MW in Q3 CY 2021. In comparison to Q4, 2020, however, installations increased by 41% year over year (YoY) during the quarter.

According to the data, rooftop solar installations accounted for 15% of all solar installations in the country in Q4 2021.

The commercial sector accounted for 44% of total installed capacity in Q4 2021, followed by the industrial, residential, and government sectors, which accounted for 41%, 10%, and 5%, respectively.

According to the report, rooftop installations in the nation surpassed 7 GW by the end of December 2021. During the year, demand was impacted by increasing component, commodity, and raw material prices. The rise in the goods and services tax (GST) hit installers severely.

Over one GW of solar bids was issued in 2021, representing a 56% increase YoY. The Kerala State Electricity Board (KSEBL) received 27% of the announced tenders, while Maharashtra, Jharkhand, West Bengal, and Karnataka distribution firms received 29%.

Tenders for rooftop solar projects grew by 70% in Q4 2021 compared to Q3 2021, and compared to the same time in 2020, tendering activity increased by 48%.

The Maharashtra State Electricity Distribution Company Limited (MSEDCL) announced 56% of the tendered capacity in Q4 2021, while the Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) declared 11%. Other agencies floated around 24% of the tenders.

During 2021, distribution companies (DISCOMS) in Kerala, Punjab, Gujarat, Uttar Pradesh, Jharkhand, Haryana, West Bengal, Tripura, and Karnataka launched tenders under Phase ll of the Ministry of New and Renewable Energy (MNRE) rooftop solar programme.

Gujarat led the way in terms of cumulative installations, accounting for 27% of the total, followed by Maharashtra and Rajasthan, which accounted for 14% and 10%, respectively. At the end of Q4 2021, the top 10 states represented 83% of all cumulative installations.

Image Source

Also read: India's solar installations in 2021 surpass a record 10 GW capacity

According to a Mercom India Research report, India added a 1.7 GW solar rooftop in 2021, the highest-ever recorded in a year. Solar installations were up by 138% compared to 2020. Residential and commercial rooftop solar capacity accounted for 35% and 33% of installed rooftop solar capacity, respectively, in 2021. The government segment accounted for 6% of total installations, while the industrial segment accounted for 26%. In the fourth quarter (Q4) of 2021, the country installed 402 MW of new rooftop installations, a 10% decrease quarter-on-over-year (QoQ) from 448 MW in Q3 CY 2021. In comparison to Q4, 2020, however, installations increased by 41% year over year (YoY) during the quarter. According to the data, rooftop solar installations accounted for 15% of all solar installations in the country in Q4 2021. The commercial sector accounted for 44% of total installed capacity in Q4 2021, followed by the industrial, residential, and government sectors, which accounted for 41%, 10%, and 5%, respectively. According to the report, rooftop installations in the nation surpassed 7 GW by the end of December 2021. During the year, demand was impacted by increasing component, commodity, and raw material prices. The rise in the goods and services tax (GST) hit installers severely. Over one GW of solar bids was issued in 2021, representing a 56% increase YoY. The Kerala State Electricity Board (KSEBL) received 27% of the announced tenders, while Maharashtra, Jharkhand, West Bengal, and Karnataka distribution firms received 29%. Tenders for rooftop solar projects grew by 70% in Q4 2021 compared to Q3 2021, and compared to the same time in 2020, tendering activity increased by 48%. The Maharashtra State Electricity Distribution Company Limited (MSEDCL) announced 56% of the tendered capacity in Q4 2021, while the Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) declared 11%. Other agencies floated around 24% of the tenders. During 2021, distribution companies (DISCOMS) in Kerala, Punjab, Gujarat, Uttar Pradesh, Jharkhand, Haryana, West Bengal, Tripura, and Karnataka launched tenders under Phase ll of the Ministry of New and Renewable Energy (MNRE) rooftop solar programme. Gujarat led the way in terms of cumulative installations, accounting for 27% of the total, followed by Maharashtra and Rajasthan, which accounted for 14% and 10%, respectively. At the end of Q4 2021, the top 10 states represented 83% of all cumulative installations. Image Source Also read: India's solar installations in 2021 surpass a record 10 GW capacity

Infrastructure Urban

29 May 2026

GP Petroleums Q4 PAT Rises 8%

GP Petroleums reported an 8 per cent rise in PAT to Rs 9.3 crore in Q4FY26, compared to Rs 8.6 crore in Q4FY25. Revenue from operations stood at Rs 163 crore, compared to Rs 183 crore in the corresponding quarter last year.EBITDA for Q4FY26 increased to Rs 14.7 crore from Rs 13.2 crore in Q4FY25, while EBITDA margin improved to 9 per cent from 7 per cent. The company said its performance was supported by operational efficiencies, strong customer relationships and an expanding product portfolio.For FY26, revenue from operations rose 5 per cent to Rs 643 crore, compared to Rs 610 crore in FY25. ..

Infrastructure Urban

29 May 2026

Ramky Infra Order Book Crosses Rs 13,000 Crore

Ramky Infrastructure reported a resilient FY2026 performance, supported by disciplined execution, cost efficiency and fresh order wins. The company secured new orders worth Rs 4,500 crore during Q4, taking its total order book above Rs 13,000 crore as of 31 March 2026.Consolidated PAT grew 40 per cent year-on-year to Rs 283 crore in FY2026, compared to Rs 202 crore in FY2025. Standalone PAT rose 28 per cent to Rs 332 crore, while consolidated revenue from operations stood at Rs 1,846 crore. Standalone revenue from operations was Rs 1,679 crore.During the year, the company secured orders worth ..

Infrastructure Urban

29 May 2026

Tembo Global FY26 Revenue Rises 46.7%

Tembo Global Industries reported strong consolidated results for Q4 and FY26, supported by growth in its engineering solutions business. Revenue from operations rose 46.7 per cent year-on-year to Rs 1,090.2 crore in FY26, while Q4 revenue grew 26.3 per cent to Rs 346 crore.EBITDA for FY26 increased 55.4 per cent to Rs 142.5 crore, with margins expanding to 13.1 per cent. PAT grew 79.7 per cent to Rs 98.2 crore, while PAT margin improved to 9.0 per cent. In Q4 FY26, PAT rose 93.3 per cent year-on-year to Rs 30.1 crore.The company said its engineering segment remained the key growth driver, supp..