MNRE Extends Timeline for Ultra Mega Solar Park Program

23 Jun 2023 CW Team

The 'Development of Solar Parks and Ultra Mega Solar Power Projects' programme now has a deadline of March 31, 2026 (FY 2026), as opposed to the former deadline of FY 2024, according to the Ministry of New and Renewable Energy (MNRE).

There are no financial consequences to the longer schedule. It occurs at a time when the construction of the solar power park has been extremely slow, with only nine of the 57 permitted solar parks completed as of February 2023 and an additional eight halfway installed, with a combined capacity of 10,117 MW.

The programme, which was initially implemented in December 2014, was launched with the goal of establishing at least 25 solar parks and 20 GW ultra mega solar power plants within five years beginning with FY 2014–15.

In March 2017, the program's capacity was raised to 40 GW, and it was suggested that parks be constructed by FY 2023–2024.

In order to qualify for the programme, solar parks must have a capacity of 500 MW or more. Smaller parks are only taken into consideration in cases where there is a severe lack of contiguous or non- agricultural land.

The programme was put in place to promote the quick installation of grid-connected solar power projects for massive electricity production. As they addressed the issues of land acquisition and availability, solar parks were appealing. Solar parks have fewer potential legal problems and other obstacles, which makes them a financially viable choice for developers.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..