NITI Aayog Proposes 60% Local Sourcing for Wind Energy Plants

18 Jul 2024 CW Team

NITI Aayog has proposed a policy requiring wind energy projects in India to source at least 60% of their components locally by value. This initiative aims to bolster the domestic manufacturing sector and reduce dependency on imports, thereby promoting self-reliance and energy security.

The proposal is part of a broader effort to enhance India?s renewable energy capacity and stimulate local industry growth. By increasing local sourcing, the government hopes to generate employment, stimulate economic development, and ensure sustainable energy practices.

This move aligns with the "Make in India" campaign, aiming to transform India into a global manufacturing hub. NITI Aayog's recommendation underscores the importance of integrating local industries into the renewable energy supply chain, which could lead to the development of advanced manufacturing capabilities within the country.

Additionally, the policy is expected to encourage innovation and competitiveness among local manufacturers, helping them to meet global standards. This could result in a more resilient and self-sufficient energy sector, capable of meeting the country?s growing power demands sustainably.

By implementing this local sourcing requirement, India aims to achieve a balance between fostering economic growth and advancing its renewable energy objectives. This strategy not only supports the domestic economy but also contributes to global efforts to combat climate change by promoting cleaner energy solutions.

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..