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)

Real Estate

02 Apr 2026

Indian real estate attracts USD 1.4 bn institutional investments in Q1 2026: Vestian

Institutional investments in India’s real estate sector touched USD 1.4 billion in Q1 2026, marking the highest first-quarter inflow since 2022, according to Vestian. While investments fell 62 per cent quarter-on-quarter due to an exceptionally high base in the previous quarter, they rose 74 per cent compared to the same period last year, reflecting sustained investor confidence despite rising geopolitical and macroeconomic challenges.Commercial real estate remained the key driver of investment activity during the quarter, accounting for 80 per cent of total inflows, sharply higher than 38 p..

VECV crosses 1 lakh annual vehicle sales milestone in FY26

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has surpassed the 1 lakh annual sales mark in FY 2025–26, recording its highest-ever commercial vehicle sales performance. The company said it sold more than 100,000 vehicles during the year, marking a major milestone aligned with the original vision of the Volvo–Eicher joint venture.The strong performance was supported by demand across categories. Light and Medium Duty (LMD) trucks contributed 47,789 units, accounting for 46.1 per cent of total sales. Heavy Duty (HD) trucks recorded 26,867 units (25.9 pe..

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..