India's Solar PV Manufacturing Expands Significantly

30 Sep 2024 CW Team

India's solar photovoltaic (PV) module manufacturing capacity has seen an impressive increase from 2.3 GW in 2014 to 67 GW in 2024, driven by the government's "Make in India" initiative and key policy interventions. According to the Ministry of Renewable Energy, the capacity jump reflects the government's efforts to make India self-reliant (Atmanirbhar) in solar PV manufacturing and establish it as a global leader in the clean energy value chain. The Production Linked Incentive (PLI) scheme, with an outlay of ?24,000 crore for high-efficiency solar PV modules, has been a significant factor in this growth.

Union Minister for New and Renewable Energy, Pralhad Joshi, highlighted the immense contribution of India's renewable energy sector during the #10YearsOfMakeInIndia celebration. The government has been extending full support through various schemes, including PLI and Viability Gap Funding (VGF), to boost domestic industries and promote green energy solutions.

In addition to the growth in solar PV modules, other renewable energy equipment manufacturing—such as wind turbines, electrolysers for green hydrogen, and battery energy storage systems—has also gained momentum. The solar PV manufacturing sector has surged notably, with production capacity rising from 8 GW in 2021 to 67 GW in 2024.

Currently, over 48 GW of solar PV manufacturing projects are under implementation, expected to attract investments of around ?1.1 lakh crore and generate employment for approximately 45,000 people. These initiatives are vital in meeting domestic demand while positioning India as a key player in the global renewable energy sector.

Infrastructure Urban

05 Nov 2025

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..

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..

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..