Saatvik Green Energy and MSEDCL partner for solar pumps in Maharashtra

15 Nov 2024 CW Team

Solar PV module manufacturer Saatvik Green Energy has joined hands with Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL) to supply solar-powered submersible pumps across 250 sites in Maharashtra. These pumps, with capacities between 3HP and 7.5HP, are designed to support irrigation, drinking water, livestock, and pond management in areas with limited electricity access.

The solar pumps are built with durable stainless steel and feature high-efficiency motors and controllers, all certified by NABL-accredited labs to ensure quality. By operating solely on solar power, they aim to offer uninterrupted irrigation, reducing farmers’ reliance on diesel and grid electricity.

Saatvik CEO Prashant Mathur expressed enthusiasm for the partnership, stating, “Saatvik is pleased to collaborate with MSEDCL to advance Maharashtra’s solar agenda. We aim to empower farmers with sustainable irrigation solutions.”

Saatvik has a strong presence in Maharashtra, supplying solar PV modules to major developers and government entities, including Megha Engineering, Mahagenco, Oswal Pumps, and BHEL. Recently, the company secured a Rs 3.02 billion contract with Maharashtra State Power Generation Company Limited (MAHAGENCO) to supply 200 MW of its N-TOPCon 580Wp modules.

With Maharashtra targeting 17.4 GW of solar capacity by 2025, the state is focused on expanding solar initiatives, including agricultural programs like PM-KUSUM and the Surya Scheme, which have been beneficial in drought-prone regions, easing pressure on the power grid and providing reliable water access for farmers.

(ET)

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..