MNRE Grants Provisional Approval to New Players in ALMM List I

12 Jul 2024 CW Team

The Ministry of New and Renewable Energy (MNRE) has granted provisional approval to new players for inclusion in the Approved List of Models and Manufacturers (ALMM) List I. This move aims to strengthen India's solar manufacturing sector by ensuring higher quality standards and fostering competition.

The ALMM is a crucial regulatory mechanism that guarantees the use of reliable and efficient solar modules in government-supported projects. By expanding the list with new manufacturers, MNRE seeks to enhance the overall quality of solar products available in the market, supporting India's ambitious renewable energy targets.

The provisional approval allows these new players to supply solar modules for government projects, provided they meet the stringent quality and performance standards set by the MNRE. This step is expected to attract more investments into the solar manufacturing sector, promote innovation, and boost domestic production capabilities.

Industry experts have welcomed this development, highlighting its potential to reduce dependency on imported solar modules and promote self-reliance in the renewable energy sector. The inclusion of additional manufacturers in ALMM List I will also help stabilise supply chains and ensure a steady availability of high-quality solar modules for various projects across the country.

The MNRE's decision aligns with the government's broader goal of achieving 100 GW of solar capacity by 2022 and 450 GW of renewable energy by 2030. By reinforcing quality standards and encouraging local manufacturing, the ministry aims to create a robust and sustainable renewable energy infrastructure.

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..