Solar module availability issues persist post ALMM reinstatement

08 Jul 2024 CW Team

Two months after the Approved List of Models and Manufacturers (ALMM) was reinstated, industry stakeholders report ongoing challenges regarding the availability and affordability of solar modules. According to them, the reversal of the ALMM policy has not alleviated these issues. Sarthak Sengupta, Head of Procurement at Amplus Solar, stated that N-type DCR modules in the domestic market cost approximately Rs 22 per Wp for a module size ranging from 545-550 Wp, while non-DCR modules utilizing Chinese cells are priced around Rs 15 per Wp. He noted that even with the inclusion of a 44 per cent basic customs duty and surcharge, imported modules are priced at an average of Rs 12. Availability of N-Type/Topcon modules is particularly challenging.

Ashish Agarwal, head of solar business at BluPine Energy, mentioned that it is premature to conclusively assess the impact of the ALMM restoration on domestic supply and pricing, given that only two months have passed since the deadline expired. He observed a significant uptick in orders received by domestic module manufacturers during this period. Agarwal added that suppliers are expressing concerns about potential delays in future deliveries due to increasing factory bookings, highlighting the urgency in securing future production capacities.

The government reinstated the ALMM policy on April 1, 2024, affecting all projects except utility projects with pre-July 2021 power purchase agreements and behind-the-meter projects.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..