Luminous Power Tech plans new plant in eastern India

19 Sep 2022 CW Team

Luminous Power Technologies, a subsidiary of France’s Schneider Electric, plans to invest Rs 5 billion in expanding its battery production capacity, including setting up a new manufacturing unit in the eastern part of India, the company’s managing director and chief executive Preeti Bajaj said.

In a media interview, Bajaj said the proposed investments would boost Luminous Power Technologies’ battery capacity by more than 50 per cent in the next few years.

She said the company recently opened a manufacturing unit in Haridwar, Uttarakhand, and plans to set up a new manufacturing plant in the eastern part of the country. “We are still contemplating on the exact location,” she added.

Bajaj, who joined Luminous Power Technologies as CEO and MD in July this year, said capacity expansion and technological innovation would be priorities for the company in the coming years.

“Today we are focused on home consumers with power backup solutions. We believe that there is an opportunity to bring to the consumer trusted advisory, brand assurance, good quality service and good quality products for solar as well. That is certainly a lever of growth that we are focused on,” she said.

Bajaj expressed confidence in the growth potential of the Indian power backup market. “India’s potential for rooftop solar is estimated at 200 gigawatts. A lot of that is in the commercial and industrial segment, but home is also significant. That seems to be an opportunity area because Luminous is focused on home consumers,” she said.

Infrastructure Urban

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..