SAEL To Invest Rs8.2 Billion In Noida Solar Plant

17 Jul 2025 CW Team

Indian renewable energy company SAEL Industries Ltd will invest Rs8.2 billion (approximately $954 million) to set up a 5-gigawatt-per-year integrated solar cell and module manufacturing facility in Greater Noida, Uttar Pradesh. This marks one of the largest investments in India’s solar manufacturing sector to date.

The new plant will take SAEL’s total solar module manufacturing capacity to 8.5 GW. Construction is scheduled to begin later this year and supports India’s growing drive to localise solar equipment production. From June 2026, only domestically manufactured solar cells from approved manufacturers will be permitted in government projects.

While India currently has a solar module capacity of 80 GW, its cell manufacturing capacity stands at just 15 GW, heavily reliant on Chinese imports. SAEL aims to help bridge this gap as it accelerates its own expansion.

SAEL presently manages solar assets generating over 6.7 GW, including operational and under-construction projects, with a target to reach 10 GW in three years. The company has secured over $2.4 billion in equity and debt financing and raised $305 million through a green bond in 2024.

“By 2030, we are looking at generating around 18 to 20 GW as an independent power producer,” said CEO Laxit Awla. He also confirmed that SAEL plans to file for an IPO later this year, although details on size and timing remain undisclosed.

Revenue from SAEL’s biomass and power production businesses almost doubled to Rs6.87 billion in FY25 compared to FY23. The company targets Rs30.94 billion in revenue from these segments by FY27.

Infrastructure Transport

07 Aug 2026

Government Plans Rs 450 bn Rail Investment Along Borders

The government plans to invest Rs 450 bn to upgrade railways along borders with China, Pakistan and Bangladesh, the press release said. The programme will run over 18 to 24 months and will finance new tracks, platforms and network strengthening across Punjab, West Bengal, Himachal Pradesh, Rajasthan, Assam and several northeastern states. That is about $4.7 bn. Officials indicated the initiative represents nearly 22 per cent of all railway infrastructure outlay planned over the next two years and is among the most significant strategic infrastructure pushes in recent years. The plan extends be..

Indian Railways Approves Daily Express Between Mumbai CSMT And Sawantwadi Road

Indian Railways has approved a new daily express service between Chhatrapati Shivaji Maharaj Terminus (CSMT), Mumbai, and Sawantwadi Road to boost rail connectivity across Maharashtra and the Konkan region. The service will operate over a 510-km route and will run daily as Train No. 15087 CSMT–Sawantwadi Road Express and Train No. 15088 Sawantwadi Road–CSMT Express. It is intended to provide direct and reliable rail connectivity for passengers travelling for tourism, education, employment and business. The Ministry of Railways said the move forms part of ongoing efforts to expand passenger..

SECR Invites Rs 4550.2 mn EPC Tender For Chhattisgarh Line

South East Central Railway (SECR) has invited bids for an engineering, procurement and construction (EPC) contract worth Rs 4550.2 mn for a section of the Dallirajhara-Rowghat-Jagdalpur New Railway Line in Chhattisgarh. The contract covers a nearly 30 km stretch between Kurkanar and Bhanpuri and forms part of the larger corridor linking the mineral-rich Bastar region with the state rail network. The authority has positioned the package as a key link to improve passenger and freight movement within the region. Tender documents carry tender number CAO-C-BSP-26-27-14 and an earnest money deposit ..