Amrut Energy Secures Rs 1 Billion to Expand Solar Pump Manufacturing
POWER & RENEWABLE ENERGY

Amrut Energy Secures Rs 1 Billion to Expand Solar Pump Manufacturing

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) 
             

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)              

Next Story
Infrastructure Transport

India’s Maha Kumbh of Road Construction

The RAHSTA Forum 2025, held on June 25 at Courtyard by Marriott, Mumbai, delivered powerful insights and dialogue on the future of India’s roads and highways sector. Organised by the FIRST Construction Council, the Forum served as the curtain-raiser to the much-anticipated RAHSTA Expo 2025, set to take place on 3rd and 4th September at the Jio Convention Centre, Mumbai.Union Minister of Roads Transport & Highways Shri Nitin Gadkari, while appreciating the efforts of FIRST Construction Council and ASAPP Info Global Group, commended the awards which recognise excellence across various..

Next Story
Real Estate

Built to Last, Designed to Impress

The construction and interior design industries stand at the confluence of functionality and aesthetics, where innovation powers the creation of enduring structures and inspiring spaces. At the heart of this process are materials and solutions that enable architects, designers, and builders to realise their visions with precision and reliability.Featuring iconic brands such as Fevicol—synonymous with adhesive solutions—Dr. Fixit, a complete waterproofing system renowned for addressing every critical area of construction, and Roff, a specialist in tile-fixing solutions, Pidilite has earned ..

Next Story
Infrastructure Energy

New Push to Cut India’s Air Pollution through Power Sector Reforms

In a significant stride toward environmental sustainability, Cummins India introduced CPCB IV+ compliant gensets to India on July 5, 2023, marking a paradigm shift in the power generation industry. These generators are engineered to adhere to the progressive emission norms set by the Ministry of Environment, Forest, and Climate Change. Being the first sets in the field, they have garnered praise for their remarkable achievements in emissions reduction and cutting-edge technology. Powerica, with its four-decade-long partnership with Cummins India Limited, is dedicated to consistently deliver th..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?