Amrut Energy Secures Rs 1 Billion to Expand Solar Pump Manufacturing

17 Mar 2025 CW Team

Ahmedabad-based Amrut Energy has raised Rs 1 billion from private equity investors to expand its solar water pump manufacturing operations. The funding will support the company’s efforts in scaling production, enhancing research and development, and extending its reach to underserved regions.

Amrut Energy specialises in solar-powered water pumps that provide farmers with reliable, cost-effective irrigation solutions while reducing dependency on conventional energy sources. The investment will accelerate innovation in solar technology and improve production efficiency.

As of October 2024, India had installed over 500,000 standalone solar pumps under the PM-KUSUM program, aimed at reducing diesel use in agriculture and increasing farmer incomes. Maharashtra led with 197,863 installations, followed by Haryana (136,572), Rajasthan (85,635), Uttar Pradesh (53,182), and Jharkhand (21,522). The program offers subsidies of 30-50% for solar pump setups and allows farmers to install grid-connected solar projects up to 2 MW to sell power to local utilities.

Recent developments under the PM-KUSUM program include Dakshin Gujarat Vij Company awarding contracts for 64 solar projects (160 MW capacity) and Odisha Renewable Energy Development Agency’s plan to install 10,000 off-grid solar pumps ranging from 1 HP to 7.5 HP.

(mercom)

Real Estate

02 Apr 2026

Indian real estate attracts USD 1.4 bn institutional investments in Q1 2026: Vestian

Institutional investments in India’s real estate sector touched USD 1.4 billion in Q1 2026, marking the highest first-quarter inflow since 2022, according to Vestian. While investments fell 62 per cent quarter-on-quarter due to an exceptionally high base in the previous quarter, they rose 74 per cent compared to the same period last year, reflecting sustained investor confidence despite rising geopolitical and macroeconomic challenges.Commercial real estate remained the key driver of investment activity during the quarter, accounting for 80 per cent of total inflows, sharply higher than 38 p..

VECV crosses 1 lakh annual vehicle sales milestone in FY26

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has surpassed the 1 lakh annual sales mark in FY 2025–26, recording its highest-ever commercial vehicle sales performance. The company said it sold more than 100,000 vehicles during the year, marking a major milestone aligned with the original vision of the Volvo–Eicher joint venture.The strong performance was supported by demand across categories. Light and Medium Duty (LMD) trucks contributed 47,789 units, accounting for 46.1 per cent of total sales. Heavy Duty (HD) trucks recorded 26,867 units (25.9 pe..

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..