Roofsol Energy Raises ?255 Million to Boost Rooftop Solar Growth

18 Oct 2024 CW Team

Maharashtra-based Roofsol Energy has secured ?255 million (~$3.03 million) in its first equity funding round, primarily from high-net-worth individuals (HNIs) and led by fund manager Equity4life IH Analytics.

The company plans to use these funds to expand its OPEX business and strengthen its presence in the commercial and industrial (C&I) solar portfolio. Recently, Roofsol signed power purchase agreements with several large C&I clients to initiate solar power projects.

“This equity round reinforces our commitment to growth. We aim to develop 75 MW of solar assets in FY 2024, with a target of 500 MW in the C&I sector,” stated Priyank Jain, CFO of Roofsol Energy.

Roofsol has been recognized in Mercom’s India Solar Market Leaderboard 2024 as one of the leading rooftop solar companies. In 2023, India added 1.7 GW of rooftop solar capacity, reaching a cumulative total of 10.5 GW by December. Residential installations constituted 50.5% of this capacity, with Tata Power Solar leading the way, followed closely by Roofsol, which accounted for 7.9% of the year’s additions.

According to Anurag Chivilkar, Director & VP—Business Development, demand for rooftop solar in the C&I sector is driven not only by cost savings but also by investor pressure to meet green energy standards.

Currently, Roofsol Energy has over 300 solar projects and 280 MW of rooftop installations in India. The company aims to implement over 1000 MW of solar EPC projects globally by 2025.

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..