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

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

Next Story
Resources

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Next Story
Real Estate

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?