India Achieves Historic Milestone in Renewable Energy Growth in FY 2024-25

02 Apr 2025 CW Team

India has achieved a significant milestone in its renewable energy transition, adding 25 GW of capacity in FY 2024-25, a 35 percent rise from the previous year’s 18.57 GW. This growth aligns with Prime Minister Narendra Modi’s vision for a sustainable and self-sufficient energy future. The solar power sector has played a pivotal role in this achievement, with capacity additions increasing from 15 GW in FY24 to 21 GW in FY25, marking a 38 percent surge. The country also surpassed 100 GW of total installed solar capacity for the first time.

Domestic solar manufacturing has seen remarkable growth under the Atmanirbhar Bharat initiative. Solar module production capacity nearly doubled from 38 GW in March 2024 to 74 GW in March 2025, while solar PV cell manufacturing capacity tripled from 9 GW to 25 GW. India also saw the commencement of its first 2 GW ingot-wafer manufacturing facility. Under the Production Linked Incentive Scheme for High-Efficiency Solar PV Modules, investments worth Rs.41,000 crore have been made, creating direct jobs for approximately 11,650 individuals.

Real Estate

05 Aug 2026

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..