ReNew Gets Rs 8.7B from BII for Solar Manufacturing

12 May 2025 CW Team

Gurgaon-based ReNew Energy Global Plc has secured Rs 8.7 billion from British International Investment (BII), marking BII’s first investment in India’s solar manufacturing sector. The funds will support ReNew’s expansion of its solar manufacturing arm, ReNew Photovoltaics Private Limited.

ReNew Photovoltaics currently operates a 6.4 GW solar PV module plant and a 2.5 GW solar cell facility in Jaipur and Dholera, respectively. The fresh investment will be used to construct a new 4 GW TOPCon solar cell facility in Dholera, Gujarat, boosting total capacity to 6.4 GW for both modules and cells.

This expansion will help ReNew meet its internal demand while allowing surplus output to be sold to external buyers. “Our move into manufacturing was strategic to secure the supply chain as India pushes to indigenise its solar ecosystem,” said Sumant Sinha, ReNew’s CEO.

BII’s minority stake in the solar subsidiary underscores its long-term commitment to supporting clean energy development in India. Sally Taylor of the British High Commission called it “a positive step that strengthens the UK-India partnership on renewable energy.”

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..