Kosol Energie Commits Rs 900 Billion to Renewables in Gujarat
POWER & RENEWABLE ENERGY

Kosol Energie Commits Rs 900 Billion to Renewables in Gujarat

Indian solar manufacturer and EPC firm Kosol Energie Pvt Ltd has signed a memorandum of understanding committing investments of around Rs 900 billion in renewable energy projects at the Vibrant Gujarat Global Summit 2026, the company said on Sunday.

The agreement was signed in the presence of Prime Minister Narendra Modi and Gujarat Chief Minister Bhupendra Patel, and will focus on the development of solar manufacturing, green hydrogen and green ammonia projects in the state.

Under the MoU, Kosol Energie plans to establish solar module manufacturing facilities, research and development centres, large-scale renewable energy parks and integrated green energy ecosystems across Gujarat. The proposed investments are aligned with India’s clean energy targets and the government’s broader push to expand domestic manufacturing under its self-reliance initiatives.

The projects are expected to generate more than 100,000 direct and indirect jobs, further strengthening Gujarat’s position as a leading hub for renewable energy manufacturing and project execution.

Kalpesh Kalthia, Chairman and Managing Director of Kosol Energie, said renewable energy is a key driver of energy security and economic growth. He added that the company’s focus is on scaling manufacturing capacity and project delivery to support India’s clean energy transition.

India has set a target of achieving 500 gigawatts of non-fossil fuel power capacity by 2030, with solar energy expected to contribute the largest share of new additions. Kosol Energie said it is also evaluating renewable energy investment opportunities in other Indian states, as demand for solar power, energy storage and green fuels continues to grow.

Indian solar manufacturer and EPC firm Kosol Energie Pvt Ltd has signed a memorandum of understanding committing investments of around Rs 900 billion in renewable energy projects at the Vibrant Gujarat Global Summit 2026, the company said on Sunday. The agreement was signed in the presence of Prime Minister Narendra Modi and Gujarat Chief Minister Bhupendra Patel, and will focus on the development of solar manufacturing, green hydrogen and green ammonia projects in the state. Under the MoU, Kosol Energie plans to establish solar module manufacturing facilities, research and development centres, large-scale renewable energy parks and integrated green energy ecosystems across Gujarat. The proposed investments are aligned with India’s clean energy targets and the government’s broader push to expand domestic manufacturing under its self-reliance initiatives. The projects are expected to generate more than 100,000 direct and indirect jobs, further strengthening Gujarat’s position as a leading hub for renewable energy manufacturing and project execution. Kalpesh Kalthia, Chairman and Managing Director of Kosol Energie, said renewable energy is a key driver of energy security and economic growth. He added that the company’s focus is on scaling manufacturing capacity and project delivery to support India’s clean energy transition. India has set a target of achieving 500 gigawatts of non-fossil fuel power capacity by 2030, with solar energy expected to contribute the largest share of new additions. Kosol Energie said it is also evaluating renewable energy investment opportunities in other Indian states, as demand for solar power, energy storage and green fuels continues to grow.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Vedanta Metal Bazaar Expands to Global Markets

Vedanta Aluminium has expanded its digital e-commerce platform, Vedanta Metal Bazaar, to international markets, enabling overseas customers to order and purchase aluminium products online.The platform will now be available to buyers across Asia, Europe, Africa and the Americas, providing a digital gateway for export transactions with 24x7 access.In FY26, Vedanta Metal Bazaar processed transactions worth nearly $4.1 billion, or over Rs 380 billion, and fulfilled more than 23,000 orders. The platform is also used regularly by more than 550 MSMEs in India alongside large OEM customers.The export ..

Next Story
Infrastructure Urban

Ramky Infrastructure Q1 FY27 Revenue Rises 24.3%

Ramky Infrastructure Limited reported a 24.3% year-on-year increase in consolidated revenue from operations to Rs 471.2 crore for Q1 FY27, compared with Rs 3.79 billion in the corresponding quarter of FY26.Standalone revenue from operations rose 27.5% YoY to Rs 4.51 billion from Rs 3.54 billion, while total standalone income increased 35% to Rs 5.32 billion.Consolidated profit before tax stood at Rs 540.9 million during the quarter. The company highlighted a sharp sequential improvement compared with a pre-exceptional loss of Rs 190.1 million in Q4 FY26.Two of the three projects awarded during..

Next Story
Technology

LTTS Launches AgenticIQ AI Platform for Engineering

L&T Technology Services (LTTS) has launched AgenticIQ, an end-to-end agentic AI platform designed for engineering and manufacturing organisations.The platform is aimed at helping enterprises move beyond isolated AI pilots by enabling autonomous, multi-agent workflows across engineering, product development, manufacturing, industrial operations and customer experience.AgenticIQ is built on LTTS’ Engineering Intelligence portfolio and converts existing engineering capabilities into specialised, reusable AI agents. Its planning-first architecture is embedded into engineering and production ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement