Cosmic PV Power Breaks Ground For One Point One GW Plant

04 May 2026 CW Team

The plant will be located at Mohasa in Babai and will be developed on about 60 acres of land leased for 99 years with support from the Madhya Pradesh government. The company has indicated that civil construction is expected to begin once statutory approvals and required formalities are completed. The facility is targeted to commence commercial operations in fiscal year 2027-28, subject to regulatory clearances. Project timelines reflect typical permitting and commissioning phases for large industrial projects.

Cosmic PV Power expects the project to generate employment in the region and to benefit both skilled and unskilled workers while contributing to local economic development through direct and indirect jobs. The chairman said the project underlines the company's commitment to supporting India's renewable energy ambitions and aligns with the government's Make in India initiative, and the managing director said the facility would help the company contribute to national clean energy goals. The remarks framed the investment as strengthening the firm's presence in the solar manufacturing value chain.

Cosmic PV Power currently operates in solar module manufacturing as well as engineering, procurement and construction services and aluminium frame manufacturing. The move into cell production is intended to integrate operations, capture a larger share of the value chain and reduce dependence on imported components. India has been pushing to scale up domestic manufacturing of cells and modules to support growing renewable capacity and to improve supply chain resilience. Industry participants are increasingly investing in manufacturing capabilities to meet both domestic and export demand.

Cosmic PV Power Ltd has broken ground on a one point one gigawatt (GW) solar cell manufacturing facility in the Narmadapuram district of Madhya Pradesh as India accelerates efforts to expand domestic solar manufacturing capacity. The project marks an upstream move by the company into cell production from its existing module operations and component manufacturing. The development forms part of wider national efforts to improve supply chain resilience for renewable energy equipment. The plant will be located at Mohasa in Babai and will be developed on about 60 acres of land leased for 99 years with support from the Madhya Pradesh government. The company has indicated that civil construction is expected to begin once statutory approvals and required formalities are completed. The facility is targeted to commence commercial operations in fiscal year 2027-28, subject to regulatory clearances. Project timelines reflect typical permitting and commissioning phases for large industrial projects. Cosmic PV Power expects the project to generate employment in the region and to benefit both skilled and unskilled workers while contributing to local economic development through direct and indirect jobs. The chairman said the project underlines the company's commitment to supporting India's renewable energy ambitions and aligns with the government's Make in India initiative, and the managing director said the facility would help the company contribute to national clean energy goals. The remarks framed the investment as strengthening the firm's presence in the solar manufacturing value chain. Cosmic PV Power currently operates in solar module manufacturing as well as engineering, procurement and construction services and aluminium frame manufacturing. The move into cell production is intended to integrate operations, capture a larger share of the value chain and reduce dependence on imported components. India has been pushing to scale up domestic manufacturing of cells and modules to support growing renewable capacity and to improve supply chain resilience. Industry participants are increasingly investing in manufacturing capabilities to meet both domestic and export demand.

Infrastructure Urban

04 May 2026

Systematix Posts FY26 Revenue Growth And Declares 10 Per Cent Dividend

Systematix Corporate Services Limited has reported audited results for the quarter and year ended March 31, 2026, signalling steady revenue growth and continued strategic investment to support expansion. The firm reported ongoing business momentum across its core financial services and noted platform building in private wealth and asset management. The board recommended a 10 per cent dividend for FY26, continuing a consistent shareholder payout record. Management indicated that investments in technology and talent aim to build long-term scale. Total income from operations for FY26 rose five pe..

Infrastructure Transport

04 May 2026

Maharashtra Guarantees Rs 60 bn Loan For Purandar Airport Land

The Maharashtra government has cleared a state guarantee for a Rs 60 bn loan that the Maharashtra Industrial Development Corporation (MIDC) will raise to fund land acquisition for the proposed Chhatrapati Sambhaji Raje International Airport at Purandar in Pune district. The guarantee will remain in force for one year, within which the borrowing must be tied up and the proceeds deployed for buying land and disbursing compensation to affected farmers. A formal government resolution to this effect was issued on Friday. About 3,000 acres are slated to be acquired for the greenfield airport, with t..

Building Material

04 May 2026

Cement Production Up Eight Point Six Per Cent To 491.4 mn t In FY26

Icra reported that cement production volumes rose by eight point six per cent in the financial year 2026 to 491.4 million (mn) metric tonne (t). March output was 48.4 mn t, up four per cent year on year on a high base. The agency projected that volumes are expected to grow by seven to eight per cent in the current financial year, supported by sustained demand from the housing and infrastructure sectors. Average cement prices were reported to have remained flat in March at Rs 340 per bag on a month on month basis, while prices for FY26 increased by two per cent to Rs 345 per bag year on year. A..