India Achieves Historic Milestone in Renewable Energy Growth in FY 2024-25
POWER & RENEWABLE ENERGY

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

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.

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.

Next Story
Infrastructure Urban

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Next Story
Infrastructure Energy

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Next Story
Infrastructure Urban

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement