PM Surya Ghar Yojana: Rooftop solar capacity rose over 50% in 6 months

05 Nov 2024 CW Team

India’s PM Surya Ghar: Muft Bijli Yojana has recorded a remarkable increase of over 50% in rooftop solar capacity within six months of its launch, according to a recent report. The Union government approved the scheme on February 29 with a budget of Rs 750.21 billion, aiming to expand solar rooftop capacity and enable residential households to generate their own electricity.

Minister of New and Renewable Energy Pralhad Joshi announced that around 400,000 rooftop solar connections have been installed so far, adding 1.8 gigawatts (GW) of new capacity. As of March, India’s total residential solar rooftop capacity reached 3.2 GW, with overall installed capacity at 11.9 GW, 60% of which serves commercial and industrial users.

To encourage adoption, the government has raised the subsidy on rooftop solar modules to 60% and is offering loans at a 7% interest rate. The scheme is expected to drive residential solar capacity to 30 GW by 2027, contributing significantly to India’s renewable energy goals and net-zero targets.

(ET)

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..